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Starting to trend higher again now, touching HKD 3.20 last night. A couple of buy recs out, with the latest targetting about HKD 3.80. The JV announced over the festive period looks astute imo.

Interesting WCC (now 2233 in HK) got the most red flags.

http://www.thestandard.com.hk/news_detail.asp?pp_cat=1&art_id=113036&sid=33005198&con_type=1


Perhaps the AIM market viewed the company correctly and gave it a low rating.......

P's post refers to Moody's ratings, and the relevant bit is extracted herewith .....

Forty-four Hong Kong-listed mainland firms have been given "red flags" by Moody's Investors Service on concerns about their accounting standards and governance risks ...... West China Cement (2233) shares closed 14 percent lower at HK$2.43 after being given 12 flags, the most among the screened firms. It fell as much as 26 percent during the day.

as you will note, it was HK$ 3.20 in january ...... and so many of you question my sanity when i post that i do not trust chinese companies ..... correct to question my sanity, but not in this particular!!

For those that follow it in Honkers.

http://hk.gtja.com/UploadFiles/gtja_Report/2011/08/0223320110810Ray.pdf


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