Since my writeup in Oct 2012 where Sino Grandness (“SFGI”) was trading at $0.23 (post split basis), it has more than tripled to an intraday high of $0.800 on 28 May 2013 before retracing to the current price of $0.640. In addition to share purchases made by Asdew and SGFI’s CEO Mr Huang, Fidelity is the latest institution to become a substantial shareholder of SFGI. It seems like there has been quite a lot of interest in SFGI. Let’s take a look at SFGI’s recent and potential developments. 1HFY13 results – Good momentum 1HFY13 revenue and net profit jumped 29% and 24% y/y to RMB972m and RMB174m respectively. […]