Could ASIA BROADBAND ORD (OTCMKTS:AABB) Be a Major Winner if Trump Scores at the G20?
img

ASIA BROADBAND ORD (OTCMKTS:AABB) is a stock we have been keeping a close eye on over the past couple months as we near a potential G20 agreement between the White House and Beijing on trade. This stock could benefit enormously given the company’s move to position itself as a resource supply player in the Chinese infrastructure story.

Beyond that, the company is already beginning to see some strong growth, posting its Q3 sales a couple weeks ago, which marked the highest quarter sales results achieved to date and surpassed the record sales from the second quarter. Precious and base metal production and sales for the third quarter have reached their highest levels in the history of the Company.

ASIA BROADBAND ORD (OTCMKTS:AABB) frames itself as a company that, through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets.

The company generated sales of $1.1M, according to information released in its most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 10% on the top line.

This is possibly the most interesting of the lot simply because it presents such a deep value option with so much potential upside.

The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Guerrero, Mexico, to our client sales networks in Asia.

This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.

Asia Broadband, Inc. operates as a digital education media and technology services company. It offers classroom based education services; and content services on Internet broadband network in the People’s Republic of China. The company was formerly known as Gemini Marketing, Inc. Asia Broadband, Inc. was incorporated in 1996 and is based in Las Vegas, Nevada.

A Rising Tide

As noted above, AABB shares could be poised for some strong action ahead as President Trump sits down with China’s President Xi this weekend in Buenos Aires at the G20 summit, with high hopes for a major trade deal between the US and China that could spur a major push in new Chinese spending on infrastructure.

However, even without such a deal, the company appears to have some major momentum already in place.

“Q2 was a record sales quarter for us and we have now surpassed that benchmark in Q3. I’m really proud of the team effort to have achieved a record-breaking quarter despite the extensive efforts required to close our joint venture funding and begin a drill program. We had more equipment additions and facility improvements in Q3 that further enhanced our production processing efficiency. Also, the consistent efforts of our business development team, with their tremendous relationships forged throughout Asia, have continued to make a strong impact on our bottom-line and drive the success of the Company,” stated James Gilbert, the Company President and CEO.

The stock has pulled to about $0.025/share in recent action, which could be a juicy level for new involvement for traders and investors considering a speculative infrastructure materials name that could benefit from a potential rejuvenation of the Chinese infrastructure theme.

Support at the level has been sturdy, and any push higher could potentially put this name back above its major moving averages and spark some interest from technical traders.

In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($1.4M against $66K).

Subscribe To Our Daily Newsletter

Free WordPress Themes, Free Android Games