Tianjin Bohai Chemical Industry Brokerage: ING Barings Recommendation: BuyA FORECAST increase in US demand for polyvinyl chloride (PVC) should benefit Tianjin Bohai Chemical Industry Co, which manufactures PVC, caustic soda and soda ash.
There has also been a recent rise in export prices of PVC, with March sales to the Far East estimated at $620 to $640 a tonne against $580 to $615 per tonne for February.
On a price-earnings ratio of 0.69 times to the H-share average, and at a technical price low, the counter has relatively limited downside.Golden Power International Brokerage: Cheerful Securities Recommendation: Long-term buy GOLDEN Power International, which manufactures and distributes batteries, electronic parts and components, plans to expand its production capacity.
It will relocate its factory from Huidong to Dongguan by 1998, which should give it greater economies of scale.
Its long-term prospects have also improved with the addition of new products and the focus on cellular phone batteries and micro button cells. China Overseas Land & Investment Brokerage: Seapower Securities Recommendation: Hold CHINA Overseas Land & Investment is one of the largest construction companies in Hong Kong, but is experiencing slow growth.
It has had to postpone $400 million in development profit to fiscal 1996 due to delayed pre-sales of projects in Sha Tin and central Kowloon.
