Advanced Engine Co (ACE) is The Speculator's buy of the week in today's Bulletin magazine:
http://bulletin.ninemsn.com.au/david-haselhurst/
The generally hype-resistant David Haselhurst writes in unusually glowing terms about ACE:
"potential for sensational growth"..."has established collaborative ventures with three of China's five major commercial vehicle engine-makers".
The company, which makes a 'black box' which allows diesel engines to run on natural gas, is perfectly leveraged to the new Chinese government push for greener technology.
Orders to China's largest commercial vehicle manufacturer will reach 500 a month by mid-2007.
"Strachan Corporate valued the stock at as much as 45¢ based on a price-earnings multiple of eight times after tax earnings projected for 2007-08. Another Perth broker, State One Stockbroking, has put a value of 38¢ on the stock based on a price-earnings multiple of eight and its assessment of 2008 earnings after tax."
ACE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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