SCE is a funny little penny dreadful. Most of the business in PRC and HK but listed on ASX.
Very Low P/E
Any ideas why?
Has "Minority Shareholders" and "Minority Interests"
who appear to be accessing about 1/3 of profits. Any idea what such entities normally are and does anyone know who they are in SCEs case.
tempting in some ways (low p/e and most business denominated in Renmimbi(cheap way to access Chinese growth directly), yes ignoring the risky nature.)
I would like to invest but some strange things are in accounts.