Hainan Yedao plans to spend RMB60m on securities investment in 2011
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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