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Sinochem, Northeast Securities, Chalco: China Equity Preview

Submitted by chinastock on Thu, 07/29/2010 - 11:16
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The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.

Korea Firm Courts Harrah’s for Cambodia Angkor Casino

Submitted by chinastock on Thu, 07/29/2010 - 09:09
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South Korean developer Intercity Group plans to start construction in October on a $400 million casino resort complex near Cambodia’s Angkor Wat temples that aims to draw high rollers from Macau and Singapore.

China’s Sashimi Appetite Helps Cathay Pacific Fill Cargo Holds

Submitted by chinastock on Thu, 07/29/2010 - 07:21
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Xin Jing spends about 200 yuan ($30) on Japanese sashimi each time she visits City’super’s grocery store in Shanghai. Her appetite is helping fill cargo planes bound for China, boosting profit at Cathay Pacific Airways Ltd.

CIC Reports 11.7% Global Return for 2009 on Commodities Bets

Submitted by chinastock on Thu, 07/29/2010 - 06:20
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China’s sovereign wealth fund posted an 11.7 percent return on its overseas portfolio in 2009, reversing a loss a year earlier, as it raised bets on commodities to benefit from a rebound in global markets.

Taiwan Semiconductor Posts Record Profit, Raises Spending

Submitted by chinastock on Thu, 07/29/2010 - 04:46
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Taiwan Semiconductor Manufacturing Co., the world’s largest custom manufacturer of chips, posted record quarterly profit and raised its spending budget more than 20 percent as demand for phone components increases.

Rio Tinto And Chinalco Sign Iron Ore Deal

Submitted by chinastock on Thu, 07/29/2010 - 04:02
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Rio Tinto and Chinalco sign iron ore deal

Agricultural Bank Boosts Size of IPO

Submitted by chinastock on Thu, 07/29/2010 - 03:34
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Agricultural Bank of China Ltd. boosted the size of its initial public offering to about $20.8 billion after selling more stock in Hong Kong, taking it closer to becoming the largest first-time share sale.

Chalco, Rio Tinto to Develop Guinea Iron Ore Mine

Submitted by chinastock on Thu, 07/29/2010 - 03:29
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Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, agreed to pay $1.35 billion for a stake in Rio Tinto Group’s Simandou iron ore project in Guinea, making its first investment in the commodity.

China Approves Geely's Volvo Purchase

Submitted by chinastock on Thu, 07/29/2010 - 03:21
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China’s Ministry of Commerce said it has approved Zhejiang Geely Holding Group Co.’s purchase of Ford Motor Co.’s Volvo Car unit, paving the way for completion of the $1.8 billion acquisition agreed by the two companies in March.

China’s Stocks Rally to Slow on Inflation, HSBC Says

Submitted by chinastock on Thu, 07/29/2010 - 02:50
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HSBC Private Bank’s Arjuna Mahendran, who predicted a decline in China’s stocks in January, said the country’s month-long equities rally may falter if the government isn’t able to boost the economy and contain inflation.

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