Updates

Haike - NDRC raise local oil product prices

December 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Haike have shown some signs of recovery after the Chinesegovernment agency, the NDRC, made a complete about turn on its commentthe previous month which said it would make no further price adjustmentnotices for oil products this year. The agency, which sets domesticprices for refined oil products, has now decided to increase retailprices of gasoline and diesel by 8% in order to help refiners covercosts after crude oil prices continued to rise. The change of facefollowed severe fuel shortages in China after refiners began torestrict output due to the increasing cost of crude oil.During the month Haike reported Q3 results to end September, aperiod which had seen crude oil prices exceeding US$80 a barrel,squeezing Haike's ma ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Tarsus - Buys third largest event operator in Dubai

Superglass - Business has plenty of momentum

Haike (August 2009)

Haike (July 2009)

Haike (May 2009)

Haike (December 2008)

Haike (September 2008)

Haike (August 2008)

Haike (July 2008)

Haike (May 2008)

Haike (January 2008)

Haike Chemical Group - Earnings forecast of 30.2p for next year (October 2007)

Haike (August 2007)

Haike Chemical - Q1 results (June 2007)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X