China Light and Power
TWELVE months ago, Salomon Brothers was bullish about the prospects of China Light and Power.
The broker said the improvement in China sales was a positive sign of better things to come. Investors who accepted the advice might now be wishing they had not.
The conglomerate has posted gains of about 18 per cent, but, by comparison, the Hang Seng Index has soared away, with total gains of more than 43 per cent.