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Non-Tech : Beijing YanHua Petrochemical (BYH) Taking Off
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To: Bo Le who wrote (243)12/29/1999 4:58:00 AM
From: allen menglin chen  Read Replies (1) of 257
 
Don't forget CHL, ZNH, GCH, CHN, SH, HNP, YZC. I think they'll double in 3 yrs. China is not out of wood yet. My wife will pay a visit next Feb from Canton, she will probably bring me some stories back. So far, Zhu Rong Ji has not solved the state owned enterprise problems yet. And their earning reports have too much juice in it. No one can trust their earning report at all. Chinese plays were way overvalued in 1997.
Overall Chinese stocks P/E are trading @ 40-50! CHL might be the only safe play.
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