Compared to other Chinese stocks this is overvalued
There really are a bunch of them. I know because I've owned them and lost money on them and some are RTOs as mentioned but a bunch others were IPOs (though smaller IPOs) and the PE can go as low as 1, not just under 5. It is really stupid.
a) CYD has about 13.00 in net cash and is trading at about 13.60 and does several billion in sales a year (yes billion, leading diesel engine manufacturer in China, JVs with CAT) and profitable. Stupid cheap.
b) AMCF is trading for cash value and a PE of I think 1 and the owner is buying it out at 4,21 and it is priced at 3.20 and it was an IPO.
c)Look them up, there are like 50 of them. Do your own DD, I'm not going to spoon feed you like children. The truth is the truth and ranting about it not being so when it is doesn't help anyone at all. BTW that doesn't mean that Dang is not cheap because it is, just not sure if it will come back or not. JMHO