Trade alertKBS Fashion Group Limited (KBSF) Current Price: $2.75
Target Price: $12.00
Upside Potential: 336%
Market Cap: $5.73 million
Shares Outstanding: 2.59 million
Float: 1.47 million
We are putting out another trade alert on KBS Fashion Group Limited (KBSF) in response to a sympathy play on Ever-Glory International Group, Inc. (EVK), another Chinese apparel manufacturer that has more than quadrupled in price today. It's up around 12% to $2.75 on over 11 million volume in early afternoon trading, but hit as high as $3.53 today. It's at a perfect level to get in as traders aren't overpaying, but a lot of people are watching it based on the big moves EVK and other Chinese stocks have done recently. Our $12 target is not just based on hopes of a breakout, but actual fundamental value as the company has $6.32 per share in cash and a book value of $19.35 per share. KBSF has only 2.59 million shares outstanding and 1.47 million float as insiders and institutions hold half of the shares.