New Toyo

[theasiareport]

Yeah.. but you are missing out two points about AMVIG.

1) Former Chairman sold out of the company in 2007.
2) Directors have bee selling out their stakes in the company (Ng Sai Kit & Ge Su).

Also, just to point out the following financial position of AMVIG.

Debt 1,988,508.000 HKD
Equity 4,170,641,000 HKD

So debt to equity ratio is 0.50.

Don't think they are very good comparisons just by using P/E.

Regards,
theasiareport.com

My basis is that Amvig which is a pure tobacco printing/packaging, with a much higher profit margin is only trading at P/E of 6 plus in HONG KONG.