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Article: CHINA GAS PIPELINE EXPECTS TO FAVOR PE PIPELINE VALVE PRODUCERS.
- Article from:
- AsiaPulse News
- Article date:
- February 10, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Feb 10 Asia Pulse - The currently under-construction West-East natural gas pipeline project in China is expected to favor PE pipeline and valve producers, reported Shanghai Securities News.
Included are Lingyun Industrial Corporation Limited (SSE:600480), leading listed company in the field of producing PE pipeline and Guangdong Mingzhu Group Co. (SSE:600382), valve supplier for the West-East gas pipeline project and South-North Water Diversion Project.
On Monday, both companies saw stock prices rise 10 per cent, an upper limit for A-share stocks, with their turnovers apparently swollen; suggesting market capital is jostling for holding the ...