The numbers on some of these chinese things are ridiculous. Here's another one for you - Goldlion Holdings /0533.HK/. They have a very profitable men's formal clothing brand, a huge real estate portfolio and net cash>market cap. HKD 1.2 bn market cap vs:
1) HKD 1.3 bn net cash
2) HKD 3.5 bn real estate in China & Hong Kong, mostly industrial & commercial
3) The apparel business that's earning about HKD 150-200m per year, should be worth ~ HKD 1.5bn
The numbers on some of these chinese things are ridiculous. Here's another one for you - Goldlion Holdings /0533.HK/. They have a very profitable men's formal clothing brand, a huge real estate portfolio and net cash>market cap. HKD 1.2 bn market cap vs:
1) HKD 1.3 bn net cash
2) HKD 3.5 bn real estate in China & Hong Kong, mostly industrial & commercial
3) The apparel business that's earning about HKD 150-200m per year, should be worth ~ HKD 1.5bn
4) SOTP ~6.3 bn
Another one with 10% dividends is Dickson Concepts (HKG: 0113)