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IBDvalueinvestin (99.64)

Infrastructure Chinese stocks that could rally today: HRBN, RINO,JST,APWR others

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July 13, 2009 – Comments (1)

that could rally in non related sectors FEED, CTFO, while ADY could fall big on dissappointing guidance.

China has a $586B infrastructure majority Stimulus in effect that will drive the earnings of infrastructure stocks in China in the near-term.

China's $586 billion stimulus package is its "biggest contribution to the world," Premier Wen Jiabao said as hopes rose that heavy spending on construction and other projects would help support global growth by fueling demand for imported machinery and raw materials.

The plan calls for higher spending through 2010 on airports, highways and other infrastructure, more aid to the poor and farmers, and tax cuts for exporters. That could boost demand for iron ore from Australia and Brazil, factory and construction equipment from the United States and Europe, and industrial components from throughout Asia.

"Faster growth in China will be better for its neighbors. For every country in the region, it's either their top trading partner or is on the way to becoming the top," said Tim Condon, Asia regional economist for the Dutch bank ING.

On a global scale, "countries that supply capital equipment look like they will be the front-line beneficiaries of this package," he said.

 

1 Comments – Post Your Own

#1) On July 13, 2009 at 9:52 AM, IBDvalueinvestin (99.64) wrote:

APWR could be ready to announce Wind Turbine Delivery soon, should spark another short squeeze:

 http://www.lngkny.org/rdzx-show.asp?column_id=87

 

Translated with Google translation:

Xinglongshan jinzhou large wind farm officially started the preparatory work to install
July 13, 2009, Jinzhou Xinglongshan large wind farm officially started the installation of the preparatory work:
1) Select the beginning of wind tower
2) the beginning of construction site visits
3) installation of 2.7MW fan technology is ready to start
Ruixiang with wind power equipment manufacturer has already begun. Report this comment

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