From the annual report 2016 of Star Pharmaceutical::
"We will also continue to develop new products through our R&D efforts to meet changing market needs. Currently, there are 14 on-going R&D projects in progress. Therefore, we expect our continuous investments in R&D to bear fruit soon
. With a strong product pipeline, coupled with aggressive business development initiatives to expand domestic sales and capture growth opportunities internally and externally, we are optimistic of delivering a better performance
in the future."
GSS ENERGY 15.3 cents,
is severely undervalued becos:
1. Its precision engg business trading at discount to peers.
At PE of 10, the stock should be valued at $0.22-23/share.
2. Its oil business is going to hit first oil in a matter of weeks.
The oil reserves of 24 million barrels is easily worth the market cap of GSS Energy currently, ie 15 cents a share.
dyodd