Chinese Market:for those who want 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.