With many Chinese stocks trading at huge valuations (bidu,sina,sohu etc) it is odd that this one trades so far below cash. Clearly they havent performed great but still a 50% discount to cash? Seems too much
It's a winner on hand. It's returning cash in buying back shares. Effectively, the money have been accumulating and distributed as increased earning power moving forward per share. The sales growth for quad core will be great considering lots of domestic hand set/tablet manufacturer. If the stock price is too low, they run the risk of being bought out by others. The price can pop significantly.