Friday, February 29, 2008
CHINA TELECOM (00728) China Telecom Corporation (NYSE:CHA) - Announcements and Notices - EXTRAORDINARY GENERAL MEETING HELD ON 25 FEBRUARY 2008 - POLL RESULTS. As of the date of the EGM, the total number of issued shares of the Company was 80,932,368,321, which was the total number of shares entitling the holders to attend and vote for or against the special resolution. There were no restrictions on any shareholders casting votes on the proposed special resolution at the EGM. The EGM was held in compliance with the requirements of the Company Law of the People's Republic of China and the provisions of the articles of association of the Company.
posted on 2/29/2008 8:49:08 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
In case you don't have direct access to news from the Hong Kong Stock Exchange but want to know what's going on with Chalco (ACH) regarding assets that its parent, Chinalco is offering, here is a press release.
posted on 2/29/2008 8:39:56 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Thursday, February 28, 2008
Shares of Baidu.com, China's premier search engine, continues the rally it started yesterday on allegation that it acquired web browser company Maxthon. Baidu was heavily oversold lately despite stellar Q4 financial results. At this point Baidu.com Inc. (BIDU) has more upside potential as is demonstrated by its reaction to the positive news. Another top mover is Ctrip.com (CTRP), China's leading online travel agency. The stock is up $4.18 or 7.65% after reporting better than expected Q4 and 2007 full year financial result. Revenue topped forecast while earnings doubled.
posted on 2/28/2008 10:26:36 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Wednesday, February 27, 2008
Baidu.com, China' leading search engine company advanced an astonishing $21.05 to close. Oil majors rose on the back of crude prices above $100 a barrel, Petrochina, Sinopec and CNOOC all were market leaders. On the flip side Chinese solar companies contied the free fall following a mjor downgrade by Citi earlier the day. That's the scoop for the day.
posted on 2/27/2008 7:56:19 PM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Tuesday, February 26, 2008
Shanda Interactive (SNDA) opened $32.66 on Tuesday, up over 6% from $30.83 closing price on Monday. The stock is propelled by net revenue surge of 41% thanks to strong customer increase. Market sentiment is somewhat negative due to weak housing prices domestically. So let's take a closer look at Shanda's results, results that defy negative market sentiment.
posted on 2/26/2008 10:36:55 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Monday, February 25, 2008
Trina Solar (TSL) surprised investors with a stunning 15% steady advance throughout the day. Large cap stocks dominated today with CNOOC Ltd (CEO) gaining $4.00 on strong oil prices. Shanda (SNDA) continues to really before earnings announcement later this week. CHL is up $0.88 on news that industry restructuring might not take place as thought. CHU was sold heavily in overseas markets of Hong Kong and Shanghai earlier the day.
posted on 2/25/2008 5:41:59 PM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
This is an industry that came out of literally nowhere over the past few years. Many of playeres are based in China and the stocks have been absolutly screemeers over the past year but many have been cut in half over the past months. And of course when a hot industry gets cut in half we start looking for opportunity.
posted on 2/25/2008 12:34:27 PM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Saturday, February 23, 2008
National Development and Reform Commission Claimed Further Price Increases for Part of Production Materials Possible Intervention in Coal Price NDRC claimed yesterday (28th Jan) that in 2008, the prices of some production materials would keep increasing, which would further push up prices of related downstream product prices.
posted on 2/23/2008 10:02:07 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Friday, February 22, 2008
Reference is made to announcements of China Southern Airlines Company Limited (the “Company”) on 6 September 2005, 16 April 2007 and 28 June 2007. The Company had entered into a sale and purchase agreement with Airbus SNC on 6 September 2005 pursuant to which the Company agreed to purchase 10 Airbus A330 aircrafts from Airbus SNC. The acquisition was considered and approved at the 2005 First Extraordinary General Meeting of the Company on 16 December 2005.
posted on 2/22/2008 11:05:14 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
U.S. listed Chinese stocks opened mixed today with large cap stocks advancing with the broad market while NASDAQ lisged small cap Chinese stocks suffered.
posted on 2/22/2008 10:14:56 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Wednesday, February 20, 2008
China Mobile reported record number of subscriber growth in the month of January 2008. CHL added 7.044 million new subscribers in January, now serving 376.38 million users -- more than the population of the United States. This is outpacing Unicom's relatively paltry 1 million-plus for the same time.
posted on 2/20/2008 10:21:51 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Tuesday, February 19, 2008
Oil companies pushed the China ADR Index (CAI) up 15 points by noon, easing some of the pain PetroChina stockholders had to endure in 2008. PetroChina is trading at $156.28, up $4.87 or 3.22% at noon. Offshore specialist CNOOC Ltd. is rinding on the back of strong oil prices, too. The stock is up $7.78 or 4.91% at $166.33 by noon.
posted on 2/19/2008 12:56:46 PM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback