World Precision: Contract win of Rmb26.0m in the country’s automotive parts and home appliances industries. This brings the value of total contracts signed to-date in FY2011 past the Rmb1.2b mark. Delivery expected within 5 mths.
Sales to the automobile sector contributed 32% and home appliances 34% of co’s total rev in 2010. Co current P/E is approx 6.14x close to hist avg at 6.12x.
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