I doubt it. As long as economy and business condition in Europe is bad, Esprit is not in a good position. Esprit can turn around if the European economy can turn around and they can change the way they do business.
if a CFO of a company suddenly resigned, if its directors selling their shares, if the economy in Europe is so bad... etc
If you can find a good reason that is positive news, then you should buy lor....
When the economy and business is good, Esprit is very generous in paying dividend versus most of chinese stock pays from no to little dividend. Some of the HK blue chip pays very little dividend even when the business is good. Chinese stocks are usually speculative and there is no guranteee on their accounting system and are for speculation only.
Basically agree to what you said. However, not all stocks are equal. There are some good Chinese stock which pays out handsome dividends, and some bad Chinese stocks which reported good profit but never pay dividend. Some stocks are for short term speculation and some you can invest long term. Investors need to do their home work and don't just listen to those stock analysts.