Home

Person Career

China may calculate yuan exchange rate against basket of currencies

Submitted by chinastock on Wed, 07/28/2010 - 23:21
Posted in

BEIJING - China may calculate the yuan's exchange rate against a basket of currencies, instead of only against the US dollar, a Chinese central bank official said Thursday.

Read more »

China stocks rise on domestic outlook

Submitted by chinastock on Wed, 07/28/2010 - 23:20
Posted in

SHANGHAI - China's stocks rose, extending gains for the benchmark index to 11 percent from this year's low, as a jump in industrial profits and the prospects for increased spending and tourism boosted the domestic economic outlook.

Anhui Conch Cement Co led gains for cement makers after the Economic Information Daily reported China will announce a development for the industry. China Eastern Airlines Corp, the second-largest carrier, climbed to the highest in more than two months after Morgan Stanley raised its rating on the shares.

Read more »

US business wants China currency bill dropped from package

Submitted by chinastock on Wed, 07/28/2010 - 23:20
Posted in

WASHINGTON - More than 20 business groups have recently urged the exclusion of a bill on China's currency policy from a package of manufacturing bills that lawmakers will start voting on this week.
The Currency Reform for Fair Trade Act, also known as the Ryan-Murphy Bill, "will not bring manufacturing jobs back to the United States," the business groups said in a letter sent to House of Representatives Speaker Nancy Pelosi and Majority Leader Steny Hoyer.
"Instead, the bill will likely result in the loss of jobs and market share in many competitive US agricultural, manufacturing and service i

Read more »

China pension fund to invest in overseas PE

Submitted by chinastock on Wed, 07/28/2010 - 23:20
Posted in

Dai Xianglong, chairman of the National Council for Social Security Fund, said the pension fund will begin investing in overseas private-equity (PE) funds soon, the Shanghai Securities News reported today.

Related readings:
 China's SSF yields 84.9b yuan in 2009
The pension fund is now looking for managers and has plans to increase the scale of its investments in overseas PE funds once they've started, the newspaper reported, citing Dai.
China's pension fund will focus mainly on investing in overseas small- and medium-sized enterprises, Dai was cited as saying.

Chalco, Rio Tinto to sign pact on Guinea project

Submitted by chinastock on Wed, 07/28/2010 - 23:20
Posted in

Aluminum Corporation of China Ltd (Chalco) and Rio Tinto Group will sign an agreement for development of a large iron-ore mine in Guinea today, the Shanghai Securities News reported, without saying where it got the information.

Related readings:

Read more »

A T Cross A (ATX) - Comments & Business Outlook

Submitted by chinastock on Wed, 07/28/2010 - 23:00
Posted in

A.T. Cross Company Delivers Excellent Second Quarter Performance



  • Sales Grow 11.9%
  • EPS of $0.20 vs. $0.04 in 2009
  • EPS Guidance Increased from $0.34 to $0.45
  • Company Repurchases 1.25 Million Shares, or 9% of Outstanding Shares for $5.0 Million
  • Company Establishes New $40 Million Credit Facility

David G. Whalen, President and Chief Executive Officer of A.T. Cross, said, "We were very pleased with our second quarter performance. Our business grew at a double digit rate and our bottom line improved dramatically.

Read more »

Cabelas Inc (CAB) - Comments & Business Outlook

Submitted by chinastock on Wed, 07/28/2010 - 23:00
Posted in

“We are pleased that our strong focus on improving return on capital is working,” said Tommy Millner, Cabela’s Chief Executive Officer. “This success is a result of our efforts to improve inventory productivity, expand the profitability of our retail stores and increase merchandise gross margins.

Read more »

Ghn Agrispan Holdings (GHNA) - Comments & Business Outlook

Submitted by chinastock on Wed, 07/28/2010 - 23:00
Posted in


  • FY 2010 projected revenue of $37 million (vs. revenue of $27 million FY 2009 on a pro forma basis*, or $11.0 million as previously reported), equating to a pro forma 37% year-over-year revenue increase.

  • FY 2010 projected net income of $5.7 million (vs. $4.9 million FY 2009), equating to an approximate 16% year-over-year net income increase.

  • EPS of approximately $0.14 based on 40.52 million basic shares outstanding.

"We remain unequivocal in our commitment to driving revenue and earnings growth,” said Ms. Xu Yizhen, CEO of GHN Agrispan.

Read more »

Rayonier (RYN) - Comments & Business Outlook

Submitted by chinastock on Wed, 07/28/2010 - 23:00
Posted in

“We are pleased with our second quarter results, which reflect continued improvement in many of our markets,” said Lee M. Thomas, chairman, president and CEO. “In Timber, we took advantage of good export markets for sawtimber in the West and continued demand for pulpwood in the East. In Performance Fibers, we successfully executed our planned Jesup and Fernandina maintenance shutdowns, returning to full production ahead of expectations


“With solid performance in the first half, we are well positioned for strong full year results.

Read more »

Advanced Energy Ind Inc (AEIS) - Research

Submitted by chinastock on Wed, 07/28/2010 - 23:00
Posted in

Advanced Energy  Reported a strong 2010 second quarter on July 21, 2010:



  • Sales rose 213.8% to $100.11 million.

  • EPS was $0.26 per diluted share, compared to $0.11 per diluted share in the first quarter of 2010. In the same period a year ago, net loss was $0.38 per share.

Comments were very bullish and indicate that strength in AEIS's business will continue:


“We had an outstanding second quarter, with $154 million in bookings and $115 million in revenue, including PV Powered and the flow business.

Read more »
Syndicate content