16/07/2007
As there is no track record it will not be possible to value the company (Proactive Technology Holdings (8089.HK)). We don't know if the company is overpriced or not. Its stock price will not collapse, considering that it may need to raise capital again in the equity market to fund its plans. I suggest buying the stock at below HK$16, setting a cut loss price at HK$13.50.