BrightWorld

BrightWorld: Co has secured contract to produce 4 units of stamping machines for Rmb10.9 to Shenzhen-listed co Jiangyin ZhongNan, to be used for manufacture of valves. Co has also secured a Rmb13.4m stamping machine order from Shanghai-listed Changchun First Auto Works, to be used to produce steel wheels. Co’s order book was Rmb270m as of 16 Feb 11 and FY2010 rev was approx Rmb1.0b. Co’s fwd P/E is at 8.2x vs hist avg of 5.9x