TSXV:EPO.H - Post by User
Post by
STVPon Mar 18, 2011 12:58pm
![](https://assets.stockhouse.com/kentico-cms/0343-00/images/Sprite.svg#id_Post_Views_Icon)
333 Views
Post# 18306043
Chinese Market:
Chinese Market:To benefit from the growing food market in China, a Canadian company that will give you great exposure is Asia Bio-Chem - it's trading at a massive discount today due to recent market sell off and not many know of the stock plus small amount of floating shares.
Asia Bio-Chem (Ticker on TSX is ABC):
- currently trading at a P/E below 10 times due to market sell off past couple days (any price below $1.5 is a steal)
- generating quarterly profits for past several quarters and will continue to do so going forwards
- analysts target price for next 12 months ranges from $2.4 to $3.25. In 2 to 3 years, expect $5 plus at least
- great management and company information is readily available on web-site. All quarterly conference calls replay available on the web-site.
- will continue to grow due to demand in the Chinese market
- Small amount of outstanding shares and no need to have equity financing as comapny is fully funded for future expenses by free cash flow.
Some 2010 Results:
Gross Profit of 29 million
Net Income of 11.14 Million
In years to come, net profit will keep going up due to completion of plant upgrades/construction in 2010 and new product lines.