Railway stocks jumped as China increases investmt to RMB800BILLION

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10 years 1 month ago #19794 by ZEN
China’s two biggest railway builders jumped in Hong Kong trading today on an HSBC Holdings Plc report that the Chinese government will increase railway investment by at least 23 percent to support economic growth.

China Railway Group Ltd. (390) surged as much as 11 percent, the biggest gain in more than two years. China Railway Construction Corp (1186) gained as much as 8.4 percent. The city’s benchmark Hang Seng Index rose 0.6 percent.

China Railway Corp., the state monopoly that owns the train network, said April 30 that the investment budget for this year will be boosted to 800 billion yuan ($128 billion) from a previous spending plan for 630 billion yuan to 650 billion yuan, HSBC analysts led by Lesley Liu said in a note yesterday. The Chinese government last month outlined a package of measures including tax relief and railway spending as a slowdown endangered its 7.5 percent economic growth target.

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10 years 1 month ago #19796 by ZEN
Back in those days when china railway investment in 2007-2010 was only around RMB 300 - RMB 400 BILLION per year .

MIDAS WAS TRADING ABOVE $2+


NOW IT IS RMB 800 BILLION INVESTMENT

MIDAS SHOULD BE SURGING TO ITS ALL TIME AGAIN SOON

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10 years 1 month ago #19797 by ZEN
A look back at this old news from 2007 ....


CHINESE RAILWAYS has confirmed plans to invest 300bn yuan during 2007 on network extensions and capacity enhancement, as part of the 11th five-year plan which is due to see investment total 1 500bn yuan in 2006-10. Describing the package as 'the biggest in Chinese history' the National Development & Reform Commission's Transport Director Li Guyong said on November 22 that it would expand the national rail network by almost 20% to 90 000 route-km by 2010

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10 years 1 month ago #19807 by ZEN
The only railway related stock on the whole of Singapore exchange...

Strong buy !!!!

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10 years 1 month ago #19811 by BetterPrice2013

ZEN wrote: The only railway related stock on the whole of Singapore exchange...

Strong buy !!!!


TRYING different way to promote the same stock.

Buy Hong Kong listed railway stock is a better bet.
The only railway related stock on SGX NO NO NO.

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10 years 1 month ago #19812 by ZEN
you don't buy is your problem

46.5c is a BUY .

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