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  29-Jul PAN HONG: 1Q2011 revenues up 269.9% at Rmb 88.2 million

PAN HONG’s top line for 1Q2011 more than tripled year-on-year to Rmb 88.2 million (up 269.9%), as revenue was recognized for a higher number residential units handed over to buyers.

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  29-Jul CHINA BULL RUN: 3 reasons why rally will endure

CHINESE SHARES are trading near three-month highs thanks in large part to standout performances by financials and property as well as pro-growth policy initiatives.

Many investors may still be waiting on the sidelines for another big correction, but a leading authority on the Chinese stock market provides at least three in-depth reasons why these bystanders may be waiting for a long, long time. Read more..

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  29-Jul BIOSENSORS, COMTEC SOLAR: What analysts say now....
NOMURA SINGAPORE says: "Biosensors posted a good set of results: 1Q11 net profit (excluding one-off) exceeded our quarterly forecast by 15%."

Nomura reiterated its 'buy' call and $1.20 target price.

Meanwhile, Yuanta Research has initiated coverage of HK-listed Comtec Solar with a target price that has a 72% upside potential. Read more....

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  28-Jul ERATAT LIFESTYLE: Quarterly profit down 24% but optimistic about future

ERATAT LIFESTYLE (formerly China Eratat Fashion) shares were weak yesterday, closing down 1 cent to 15.5 cents.

Reason: the company reported a 23.5% slide in net profit to RMB27.1 million for the quarter ended June 30.

However, the management was optimistic about the prospects, highlighting a RMB500 million orderbook. Read more..

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  27-Jul CONSCIENCEFOOD: Indonesian noodle maker IPO at 22cts closes next Wed

INDONESIAN INSTANT NOODLE maker, Consciencefood, yesterday launched its IPO at 22 cents, at
historical PE of 7.4 times. In comparison, locally-listed convenience food players like Super (9.8 times) or Food Empire (14.9 times) are trading at ten times or more.

Though smaller, Consciencefood enjoys more lucrative margins.

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