World Precision

World Precision: Re-accredited as a "High/New Technology Enterprise" by Jiangsu authorities which allows co to continue enjoying a preferential income tax rate of 15% instead of standard tax rate of 25% till FY2013. This will maintain co’s income tax rate at current lvls. Co posted stable 3Q results on the 10 Nov with current orderbook at Rmb287m. World Precision now trades at 9.0x current P/E