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DXF ding sheng xin finance co. limited

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149

07/03/16

10:15

Post #: 17203901
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Originally posted by Doug Diamond ↑

Ding Sheng Xin Financial was incorporated in Guizhou Province ( China ) in 2005 ...

... they operate as a loan guarantee company , which seems to be a fairly crowded field in the PRC , with some SOE's dominating ... Within their province DXF is equal number 1 largest loan guarantee firm .. .. the loans are mostly on property developments ...

... their NPAT grew from $A 5.8 million in FY 2012 , to $A 11.8 m. in FY 2014 ...

Currently the company has $A 158 m. in assets , just $A 25 m. in debts , a shareholders' equity of $A 134 million ...

Funds raised from floating on the ASX are predominately being used in PRC to open more branch offices , and a smaller % for marketing .

Definitely read the prospectus with eyes wide open before investing in this stock .

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Thanks Doug, saved me some time appreciated

Here's my takeouts

"Equal Number 1" = You speak Chinese very good

"Loan guarantee firm" + "mostly on property developments" = What could possibly go wrong?

DXF Price at posting: 60.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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