articleLike I said, this is going nowhere for a good year or so. The reason they are making more revenue and net income is at a standstill is:
1. Because of debt payments
2. Rapidly growing costs
Promotional and travel spending is way out of hand. The growth potential here is enormous but they have to eliminate the massive debt overhang as well as reduce operating costs.
CFY needs to get its share price up through some new major projects and capitalize on the opportunity by doing a PP to pump some cash into the system.
This article is brand new and shows just how much potential cfy has in the region. I will keep my eye on this stock but won't touch it until they move down their debt and show me they can reduce costs.
https://business.globaltimes.cn/china-economy/2010-01/496366.html