Sin Heng

Sin Heng: was up 21% wow at Friday’s close at $0.26, accompanied by strong volume, likely in anticipation of Sin Heng making further inroads into its previously announced Myanmar venture. The group announces that its Myanmar subsidiary, SH Equipment (Myanmar) has received the Certificate of Incorporation, and the group will further increase the paid up capital of SH Eqpt from US$25k to US$500k. Recall, SH Eqpt will be involved in the leasing of heavy machinery in Myanmar, and is expected to take advantage of the growing infrastructure demand needs of the country. The stock trades at 10.6x P/E, 1.24x P/B.