No news yet this weekend. The wait is getting longer and longer but more exciting..we all know that HK pricing is controlled by big boys and when the report is out...shortist will have no choice but to cover their shorts and big boys will jump in to buy. While we wait for the 2 announcements a) BOA ML juicy report   b) identity of 3rd party and their offer, the share price will trade in a narrow band. Those who contra will lose, weak holders will give up and those   with doubts will give up their venture but those who believe and keep their faith of a turn around story will be duly rewarded. 

Here are 8 (FATT) reasons why HK will be a multi-bagger.

1) HK is no more Bio-Trick. HK is now managed by professional people who put their own money, blood, sweat and resources. Gone are the days of con-men managing the company.

2) HK is no more in the red. The last few quarters shows a trend of positive growth in revenue and profits.

3) HK is no more in dire financial problem and at high risk of bankruptcy. White knight David and his gang of merry men managed to fix the finances and turn around the company..while the loan outstanding remains a challenge, they are surmountable in the light of improving profits, better economy, lower interest rates and easy credits.

4) HK's plants are no more administered by government agencies. These plants were fixed, taken back and operating at profits. Some of the plants have won accolades, awards and prizes.

5.) HK is no more stagnant and on the decline. It has started to take in new projects to build new plants and upgrade existing. In the last AGM, David mentioned that their growth (3 yrs and 5 yrs) targets are on track.Recently   HK announced to acquire another company as part of their expansion plans and looking for more opportunities to strengthen its position in the water treatment market in China.

6.) HK is no more treating waste water by thousands of tons per day but by millions. With recent and future tariff increases, the P& L of HK will only get rosy. The tariff rates for treating waste water in China is still very much lower (US0.20/m3) compared to international averages of around $3/m3 . refer http://www.globalwaterintel.com/archive/13/12/general/asian-water-projects-fund-gets-first-airing.html> . When rates are adjusted for all plants and to international averages...revenues and hopefully profits too will be in billions.

7.) HK px is no more traded at stratospheric level it once had. The px has been whacked down from the highs of more than $1.00 to a miserable low of $0.043 cts.. cant get any more lower, can it? With all the cob-webs dusted and px settling at base of 4+ cents...the sky is now the limit. 

8.) China is no more at the hand of the old guards. New guards have sworn in and eager to show the old ones how to fix the economy...Last PMI reading has improved, SSE is now on a minibull. From economists all over the world to feng shui masters to old aunties in the street, all are excited at the prospect of a China recovery in the year 2013/2014.

As we welcome the year of the water snake..may the faithful be treated with abundance and wonderful surprises from HK. Good luck to all vested. Caveat emptor. This is not an inducement to buy ..as usual ..do your own homework.