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hopefully we will see similar good financial result for Global Ariel
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BEIJING, Feb 16 - China's cement makers, producing nearly half the world's total, may have posted a more than 60 percent profit increase last year at 24 billion yuan ($3.34 billion), owing to booming infrastructure and real estate sectors, the government said.
Total cement output rose 13.5 percent from a year earlier at 1.35 billion tonnes, the National Development and Reform Commission said on its Web site www.ndrc.gov.cn.
Under an industry reshuffle to boost efficiency, China last year shut down small, obsolete plants with 52 million tonnes production capacity but added bigger plants with more than 80 million tonnes capacity, the report said.
Cement prices have been rising since last November to a peak at over 600 yuan per tonne, it said.
Exports of cement dropped by nearly 9 percent to 33 million tonnes last year, after Beijing cut tax rebates for exports amid a broad move to curb energy-consuming sectors, NDRC said.
China has about 5,000 cement producers, a number the government aims to slash drastically in the coming years.
Anhui Conch , China National Building Material Co Ltd and Jidong Cement are among the country's largest producers.
Today intra day low was 7 cents.. A few more rounds of market selling shd see it go below 7 cents... Should hovered around this price range for short term until mkt picks up. It's a good buy below 7 cents.
This is more of a speculative stock. Buying into this counter (Global Ariel or Assetgold what ever you may call it) is more of a gamble than investment. Keep finger crossed that it will be played up by BBs in 2008. Look at SNF, Oculus was hovering ard 7 cents before being played up than dropped to current level. Hopefully same could happen to this one.
this is a good potential counter, it has something to do with concrete, as u know, china construction is blooming and this counter will benefit from it.
sure $0.07 coming? how did you know?
time to cut loss?
7 cents coming...
this one is a sure disappointment...
Hmmmm ..... ready to tua cheong liao .....
US markets having positive factors .....
STI will be green green .....
Exploding out soon ?
Path cleared ?
Clear support formed ?
Ready for new levels ?
Is it into property too ?
Don't underestimate this potential big bull hor .....
Big laggard relative to Oculus ?
Oculus tua cheong again .....
Time for Global Aerial to catch up ?
By the way, Hor Kew looks bottomed .....
Get set ..... ready .....
Rocket launching liao ?
No turning back ?
If Rowsley can hit 13.5 within today, don't think it will be a breeze for Global Aerial to take this simple task .....
Like LottVis, isn't it a break out of it's bottom ...... ?
Time to squeeze shortists real hard.
Pennies party is in ..... short at own high risks .....
The next cheong master .....
This business seems to have potential becos of the massive urban expansion of Suzhou.
On top of that, Global Ariel is venturing into property development.
Pic of chairman at www.nextinsight.com.sg
