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| Fosun increases to 30% ownership and China Equity market went up 70% in 2009 | ||
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From: turbo <steventruo...@gmail.com>
Date: Sat, 4 Jul 2009 09:08:42 -0700 (PDT)
Local: Sat, Jul 4 2009 12:08 pm
Subject: Fosun increases to 30% ownership and China Equity market went up 70% in 2009
Given the following:
1) Fosun increases to 30% ownership: http://www.jlmpacificepoch.com/newsstories?id=151599_0_5_0_M 2) China economy and equity market went up 70% due to China gov's stimulus package and consumer within china went up. 3) Chinese continue to spend more given we have larger savings thdn developed countries. 4) Low bar/estimate on earnings which set for a big jump in Q3 4) All lead to more Ads within China FMCN will be target for take-over and will beat estimate a large
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