My new speculative rating of 2 pick Sino-Global Shipping America Ltd (SINO), currently $3.18, has a market cap of only $9.24 million when the company is sitting on $7.1 million in cash and no debt!
SINO was just named one of the top 10 shipping agency companies in all of China! Yet, when you subtract the cash from SINO's market cap, their business is being valued at only $2.14 million when it has revenues of $21.6 million!
SINO went public on the NASDAQ less than two years ago at $7.75 and in its first day of trading it finished up 80% to $13.98. Two days later the stock gained another 97% to a high of $27.49.
It wouldn't surprise me if the huge interest in SINO at the time of its IPO returns soon!
China is now the world's largest creditor nation and I expect to see a huge boom in Chinese imports in the years ahead, and I believe SINO is the best company to capitalize on this boom! SINO has local branches in seven of China's 76 ports and contractual arrangements in all other ports in Mainland China in which they do not have branch offices.
SINO even has a wholly-owned operating subsidiary in Perth, Australia, which is where China will be receiving a large amount of their commodity imports from!
SINO is 63% owned by insiders! I consider SINO to be my biggest China stock discovery since SGAS, which went from my August profile price of $0.42 up to a high of $1.39 for a gain of 231% in less than three months.
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