China starch seems intriguing but almost too good to be true. I’ll take a look at its filings tomorrow to see what they did to earn such massive profits suddenly. If I were to guess they probably did some derivatives trading on corn starch and made a killing
But as u said the company’s trading at a really low multiple regardless
This is the profit alert. Doesn't say too much. But they had a bad 2023 and now 2024 is more in line with 2022. Highly cyclical. Also went up already 25% today.
Yeah have to do that frequently with small amounts. Too easy to move the stock price up on those ones. Sometimes I can even see my buy order reflected in the chart.
Good call! Went up already 24% today.
Love that Tony Soprano commercial - Back then commercials were still funny and enjoyable.
Long forms are overrated as the best trades are often the most obvious ones.
Either way, long way to say I love the new format.
China starch seems intriguing but almost too good to be true. I’ll take a look at its filings tomorrow to see what they did to earn such massive profits suddenly. If I were to guess they probably did some derivatives trading on corn starch and made a killing
But as u said the company’s trading at a really low multiple regardless
https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0211/2025021100878.pdf
This is the profit alert. Doesn't say too much. But they had a bad 2023 and now 2024 is more in line with 2022. Highly cyclical. Also went up already 25% today.
their market cap is basically = their cash on hands...
man...I am usually quite wary of these microcaps trading on HKEX...have you dabbled in any of them before? it just smells like "frauds" almost
Not neccessarily frauds. But too illiquid to really benefit from it.
Yeah have to do that frequently with small amounts. Too easy to move the stock price up on those ones. Sometimes I can even see my buy order reflected in the chart.
Ur absolutely right