as cannot place my comment on stock post, hence comment here on 1588. we need to calculate the historical PE based on the outstanding shares in the market after the IPO and its historical PL (its rev is also flat) and we will find 1588 is not attractive at all. During the IPO, there are many cheergirls in the market. Its business is also not attractive.
in 911 prospectus, it mentioned that China's Tong Ren Tong has made a direct deal with Wiscosin to sell the wild ginseng in its 2100 (? sorry just out of my memoery) retail stores. I am not sure if any financial actors mentioned this during the IPO cheering?
Despite this warnng, I was also trapped by it hotness and of course by my greed. I have 4 people and each gets 1 ahnd. This morning I bought some at pre-market at 1.48 and luckily I receoved all of my loss as I sold all at 1.59 and 1.6.
for 1588, the cheer girls never mentioned that the accounting software is already a dinasour product and is in competitive market. 30 years ago when computer entered into mass market, accounting software was the first office automation project for all companies, especially the SME. Of course, it may have its 2nd spring if it can futher enhance the office automation especially on the data entry side.
I am thinking if it is advantage to buy 464 (Li Fung) so that I can get some shares of 787 (Global Brand). I think it is only worht if 787's acceptable PE is high than the Li Fung's current PE which is 17, am I right?