Friday, September 30, 2011

World Precision

World Precision: Was awarded a recent contract win of RMB 22.1 million from three major local auto part manufacturers. The three companies, located in Jiangsu Province, have placed orders that comprised largely of 10 units of high performance and high tonnage stamping machines. Co trades at 6.3x P/E but posted a 66.9% gain yoy in net profit as of last results.

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