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High volume breakout
MY is the best china wind turbine company.
other energy companies are taking advantage since Japan's tragedy.
China Gvt has partially droven its last few years of growth with real estate. Now that Bubble in that market is a rink another avenue to invest ond bolster growth is necessary. What better way than Renewable energy and MY. There are some great advantages to a Command/Control economy and this in one!. Look for growing investments in Solar and wind to drive earning and sales in years to come
Wind power equipment market is getting more concentrated, with more shares taken by the five top players. Ming Yang - among top three, has quality products, well developed value chain, leading technology, and research capabilities, proven business model. Also, the company was able to obtain RMB 10 Billion credit facilities from commercial banks, including Industrial Bank of China and the Constraction bank of China.
Losses have swung to profits this year, making for a fairly attractive P/E. Fairly aggressive expansion means that capacity/production and earnings stand to increase, so those already attractive numbers will only improve.
China has massive potential in wind energy, and government policies very favorable to this market. MY is the largest non-state owned wind company in China, is well positioned to take advantage. Potential for wind energy companies in China is limitless!
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