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SCMP Reporter

BEIREN Printing Machinery manufactures and trades printing machines, pressing machines and parts and components.

This time last year, brokerage Vickers Ballas Securities said investors should avoid this H share as earnings prospects for the publishing industry had been hard hit by the Chinese Government's austerity measures.

This was sound advice. Beiren's share price stood then at $2.45 and now trades at $1.30. Over the period it has underperformed the Hang Seng Index by 54.7 per cent and the Hang Seng China Enterprises Index by 19.8 per cent.



BEIREN Printing Machinery