Monday, June 11, 2007

China Stocks Are Due for a 65 Percent Drop, Singapore Exchange Predicts

(Bloomberg) -- What's a Chinese meat producer
really worth?

On the mainland, investors pay 146 times earnings to own
Fortune Ng Fung Food (Hebei) Co. Hong Kong-listed China Yurun
Food Group Ltd. trades at 26 times profit. And in Singapore,
People's Food Holdings Ltd. is valued at 11.4 times earnings.


Read more at Bloomberg Emerging Markets News

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