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I think Dutch summed it up pretty well in the previous post. 4th qtr was not good so maybe some investors will bid the shares to book since the worst may be over for them. They are also exploring strategic relationships. Maybe something is on the horizon.

Maj

Today +47% without any news??

Whats going on?

The earnings per share in 2009 were $ 0.05 compared to $ 0.15 in 2008. So that means that Q4 there was a loss or just a little profit. Because the first nine months were already $ 0.05.

As the Chinese banking industry is moving towards stabilization, the company expectation is that it will be able to revive their sales growth and return their printing operations to the levels of profitability that they sustained prior to the international credit crisis.

The book value of Xinyinhai Tech Ltd (XNYH) is $ 0.75 and the stock is trading around $ 0.20. The problem is that it is thinly traded. I expect earnings per share this year to be around $ 0.10 (2008: $ 0.15). At these price levels this stock could be interesting for the long term investor and a price of $ 0.50 at the end of the year could be a real possibility.