Hainan Yedao Group (600238) is to spend 60 million yuan on securities investment in 2011, reports Shanghai Securities News, citing a group filing. The group also forecasts a 2010 net profit between 190-210 million yuan. The firm says major contributors of its earnings growth include investment returns on Sanan Optoelectronics’ (600703) stock.
Sanan Optoelectronics forecasted on January 5 that its 2010 net profit surged 130 percent year-on-year. Sanan’s highest and lowest share prices in 2010 were 53.89 yuan and 26.11 yuan per share, respectively.
SOURCE: capitalvue.com



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