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Haike

January 2008

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.

  • Epic Code:
  • HAIK
  • Price:
  • 129p
Haike’s shares  are up 30% this month after providing apleasant trading update. Its refining business has experienced asignificantly improved performance since the Chinese government'sdecision in October to increase the domestic prices for gasoline anddiesel to help refiners cover their costs in the face of rising crudeprices. With the oil price receding from its peak of almost US$100 abarrel in November, Haike is witnessing a similar benefit to thatexperienced in Q406 when the government’s product price increases alsocoincided with crude prices coming off the peak. Haike has also said that its heavy oil catalytic cracking facilityhas become fully operational, enabling it to refine a wider range offeedstocks, also boostin ...

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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

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