Jim O'Neill, the Chairman of Goldman Sach's Asset Management came out today on Fast Money and discussed his view of China's inflation.
A couple of Chinese stocks that will continue to rise as the Q2 financials are: BioStar Pharmaceuticals and Asia Carbon Industries.
Asia Carbon Industries, ACRB, has continued to have a low value due to low volume. This company is booming! Look at ADA-ES (ADES) a comparable American coal company that has gone up over 50% over the last 30 days. Now, I understand that this gain is due to data:
"8:34AM ADA-ES Provides Update on Refined Coal Activities; JV expects to install and commence operating the remaining 11 planned RC facilities in the fall (ADES) 15.23 : Co announces it successfully completed first year of operation of two refined coal facilities. The First of 16 planned new facilities successfully placed-in-service and passed emissions qualifications. The next four facilities are scheduled to be installed in July and August at plants burning an aggregate of approximately 10 mln tons of coal per year. Co's JV expects to install and commence operating the remaining 11 planned RC facilities in the fall, and is establishing schedules with customers in support of that goal."
ACRB is continuing to increase its production as well, but has little following and isn't getting much exposure. Once it does, it will gain substantially!
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