Professor Joel Litman

v.2014 04 12

FIDO

Kangde Xin Composite Material Co, LTD (SZSE:002450)

RECOMMENDED: LONG, ¥ 15.32 - 40.75

September 24, 2016Stock Price as of September 20, 2016 = 18.56¥Group 4

Michael Picardi Tim PierardMichael Small Jennifer Prince

Third Dimension

Long-term Growth & Volatility

Down to Earth?

Returns + Asset Growth → Value

Returns + Asset Growth → Value

Returns + Asset Growth → Value

Returns + Asset Growth → Value

ROA Protection and Growth

Target Price & Range: ¥ 15.32 - 40.75

How to Gain Informational Advantage

- Telengana Factory Deliveries

- Recruiting Firms - Ask technology stores

& phone carriers when glasses-free expected

Timeframe

- When to invest? Today

- Glasses free 3D too expensive and no advantage- Expect catalyst to

hit in 1-3 years

Where is the Opportunity?