Last Friday at our "Investment Strategy for a Volatile Market" seminar organised by Lim & Tan I/we were asked what China stock/s investors could look at. I told the attendees that we already had two China stocks in My Stock Picks (Sinomem and China Animal Healthcare). I was thinking of adding another - Fuxing China Group. We have already produced an initiation report on China Fuxing Group on July 16, 2010. I was intending to add Fuxing to my list this Monday but had to make an unexpected trip to Penang that day. The shares of Fuxing rose more than 10% on Monday on high volume but retraced a little yesterday (see Chart below).
The key reasons for looking at Fuxing are: Read more...