The one Chinese stock good enough for the man who taught Buffett
Author Benjamin Graham's wish list for the ideal company stock is embodied in Luthai Textile Co
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Hong Kong
IT could be the last big bargain left in the world's highest-flying equity market - the only stock in China cheap enough for the father of value investing.
Of all the 2,854 companies on mainland exchanges, this US$2.3 billion fabric producer from China's eastern Shandong province is the only one that passes the test laid out by Benjamin Graham in The Intelligent Investor, his 1949 treatise on stock picking that inspired market legends from Warren Buffett to Seth Klarman.
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