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(23-02-2011, 03:06 PM)hongonn Wrote: Hi Nick,
Yup saw this "While CSE has no exposure in Egypt, an estimated 20% of revenue comes from Middle East, mainly Saudi Arabia, UAE & Qatar." So far these countries have been fine.
Besides CSE works for the oil and gas, in my opinion, no matter who runs the government, the oil will still run, this is where their money is. So if the oil business still going, they might still need CSE system.
Yes very true. But, in a bearish market, things can get a little 'irrational' at times. HYflux which deals with water (even more important than oil) has lost over 10% in the past week due to its exposure in MENA. In other words, a brave investor will be buying when there is blood in the streets haha !
(Not a call to buy or sell)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.