INNER MONGOLIA JUNZHENG ENERGY & CHEMICAL GROUP CO.,LTD.SSE
Description
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Up 200% since mid June, Inner Mongolia Junzheng Energy & Chemical Group engages in the manufacture of chemical raw materials and products. RSI looks a bit high so could be over priced, but I figure if China is trying to stimulate their economy through building works, then companies like these could be worth a look.
Its business activities include cement manufacturing, coal mining, electric power generation, and ferroalloy smelting industries; and commercial trading services. Its products include substrate, cement clinker, polyvinyl chloride, calcium carbide, and ferroalloy products. (Source: Trading View)
Thanks for sharing Angus. I'd like to recommend 600585 Anhui Conch Cement as well. The valuation is attractive and pattern is forming a rising wedge. What are your thoughts on this?
zAngus
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@Joeyismoney, thanks Joey. 600585 hasnt quite got the returns I wanted. I am trying to buy into 600449 though which is another concreter. I figure if they are trying to stimulate their economy through building they are going to need a lot of concrete.