NEW YORK, Feb. 26, 2008 (PRIME NEWSWIRE) -- China's stock market may have suffered "a heck of a haircut" lately, but Paul Goodwin, editor of the Cabot China & Emerging Market Report, recently told Wall Street Reporter that the charts show the worst of the correction may be behind us. "We're not getting a lot of marketwide downward pressure now."
In particular, Mr. Goodwin notes that while stock prices may be consolidating in Shanghai, China's underlying economic transformation continues, fueling demand for energy, metal, and other resources. He sees producers of coal (and especially metallurgic coal) like Alpha Natural Resources Inc. (NYSE:ANR) as a natural way to play that trend, at least until efficient alternative energy sources become available.
Investors looking for more on what Goodwin thinks about coal, China, global inflation, and the opportunities presented by those with the stomach for Russian equities can listen to his exclusive commentary 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.
One company poised to play the alternative fuel card, China Holdings Inc. (OTCBB:CHHL), aims to harness hydro power to light 3 million Chinese households by 2013, CEO Julianna Lu recently told WSR. "In China, everyone is looking for alternative energy," she says. "It's a massive opportunity."
Highlights of the interview:
- Recent milestones toward achieving the company's hydro goals, as well as similar objectives in developing biomass power production in China. - The role the company's significant mining assets play in Ms. Lu's overall strategy. - The prospect of IPOs ahead for both the company's energy and mining subsidiaries.
And when it comes to taking Asian companies to Western markets, IPO services provider EastBridge Investment Group Corp. (OTCBB:EBIG) has what it takes, CEO Keith Wong and CFO Norm Klein recently told WSR. Even the correction in Shanghai "actually is beneficial for our kind of work right now," Mr. Wong says, "because now Chinese management better appreciates the stability and transparency of listing in the United States."
Highlights of the interview:
- More detail on the company's growing list of high-quality small-to-middle-size corporate clients, most of which are "very profitable, very stable," Mr. Klein says. - How management expects potential deals in its pipeline to start generating a $10 million to $20 million revenue stream in 2008. - Why a cooling Chinese market is actually an opportunity for the company as it continues to build a portfolio of premium assets for its shareholders.
Wall Street Reporter (Est. 1843) is the premier source of investment information on global public companies in high-growth sectors. Through its magazines, special reports, website, and conferences, WSR presents unique opportunities for discovering stocks before they appear on the radar of Wall Street. Visitors to its website, www.wallstreetreporter.com, can listen to and view exclusive audio and video from an extensive library of CEO interviews, analyst roundtables, and conference webcast presentations, as well as subscribe to WSR's "Smart Money Alert" -- a weekly update of stock picks and timely market insights from top analysts and stock gurus.
About EastBridge Investment Group
EastBridge Investment Group focuses on small-to-medium high-growth companies in China and India offering IPOs, joint ventures and merchant banking services. The company targets industries in electronics, real estate, auto, metal, energy, environmental, bioscience and food retail distribution.
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. Its objective is to achieve long-term capital appreciation through investment.
CONTACT: Wall Street Reporter Magazine Jack Marks, CEO & Publisher (212) 363-2600, ext. 260 www.WallStreetReporter.com EastBridge Investment Group Keith Wong, President & CEO (480) 966-2020, ext. 20 www.ebigcorp.com China Holdings Inc. Julianna Lu, Chief Executive Officer +86-10-6586-4770 www.chinaholding.net