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Tuesday, March 9, 2010

Longcheer


Keyimprovements delivered during the year 2009 result included:
• A 467% increase in cash generated from operations from
RMB 30.5 million in FY2008 to RMB 172.9 million in FY2009
• A 53% decrease in inventory levels
• A 19% increase in net asset value (“NAV”) per share to RMB
1.84 per share

Chart wise, the price has finally penerate the traingle squeezee and with immedaite price target of 0.64 and 0.775 respectively.

Stop loss o.57

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