NEW YORK, June 3, 2008 (PRIME NEWSWIRE) -- The worst earthquake in China in a generation laid waste to an entire province, but Jim Trippon, editor of the China Stock Digest, tells Wall Street Reporter that the disaster's effects on the Chinese stock market have been exaggerated.
For example, Trippon is long on diversified holding company China Direct (Nasdaq:CDS), which has been beaten down in recent weeks even though none of its operations were actually affected by the Sichuan catastrophe. He currently believes the stock has room to double in the next seven months.
On the other hand, he says China Life (NYSE:LFC), the nation's largest life insurance company, still has pain left to endure. For more on his commentary on how Chinese stocks have reacted (and in some cases overreacted) to the recent earthquake, investors can listen to his exclusive commentary at www.WallStreetReporter.com.
China Holdings Inc. (OTCBB:CHHL) is another Chinese company with minimal exposure to developments in the Sichuan province. CEO Julianna Lu recently told Wall Street Reporter that her plan to develop biomass and hydroelectric power plants for China remains intact after the earthquake and in fact "we are starting work already" to build a 3.2 gigawatt generation base in the next five years.
"If our planning goes well, we will expect revenue in 2009 or even in 2008," she says, noting that early plants will be in full production in the next two to three years.
Highlights of the interview:
-- An update on progress toward financing and building new
renewable-fuel power plants for China and possibly foreign
markets as well.
-- Plans to spin out CHHL's power operations into a separate IPO,
possibly by the end of the year.
-- Details on the "very high" incentives the Chinese government is
offering for companies developing green power assets.
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About China Holdings Inc.
China Holdings Inc. (OTCBB:CHHL) is a development stage company with the goal of becoming a diversified global assets holding company. The company and its subsidiaries engage in multiple China-focused business activities including energy, renewable energy, resources, finance, real estate, utilities, and pharmaceuticals.