NEW YORK, June 4, 2008 (PRIME NEWSWIRE) -- Recession fears meant a tough quarter for U.S. stocks, but "we're not seeing that in China, at least not yet," says Jim Oberweis, president of Oberweis Asset Management, who recently told Wall Street Reporter why he likes names like VisionChina Media Inc. (Nasdaq:VISN) and Baidu.com (Nasdaq:BIDU). "We think the winds are still blowing at their back in Asia."
Investors can hear Mr. Oberweis' comments on these and other small-cap stocks at www.wallstreetreporter.com. Hundreds of other interviews archived on the site contain additional news and commentary straight from the mouths of market gurus and corporate executives.
China's economic boom is driving demand for everything from street-level advertising-the specialty of VisionChina Media-to Baidu's online search, but the 1.3 billion-person nation is especially hungry for renewable energy. To take advantage of high government incentives, China Holdings Inc. (OTCBB:CHHL) is executing an ambitious strategy to build its biomass and hydroelectric generation capacity to 3.2 gigawatts in the next five years.
"We are starting work already," CEO Julianna Lu recently told Wall Street Reporter. "If our planning goes well, we will expect revenue in 2009."
Highlights of the interview:
-- Why clean power for China represents such a tremendous
opportunity for CHHL.
-- How an IPO on the horizon (three to six months) plays into the
company's efforts to raise capital to build its power plants,
but isn't essential. "We do not have to wait until the IPO is
completed," Ms. Lu says.
-- Management's confidence that several plants will be running at
full capacity and profitable in the next two to three years.
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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.