Dukang

Dukang: Signs over 60 new distributors with more than half outside Henan Province. Co’s total number of distributors has increased to approx 170 as of 31 May 2011 and announced that it has made significant headway into new mkts of Guangdong, Guangxi, Heilongjiang, Gansu provinces and Tianjin City. Co posted positive 3Q net profit of $105.7m +169.0%yoy +35.5%qoq in most recent results and trades at 23.9x trailing P/E.