Thursday, February 26, 2009

China Railway (0390.HK)

   STOCKS TO WATCH 
* China Railway Group Ltd <0390.HK><601390.SS>, the country's
biggest railway and highway builder, said on Thursday it had won
contracts worth 22.62 billion yuan ($3.3 billion).
The award is among the biggest since the government unveiled
a 4 trillion yuan ($585 billion) stimulus package, focused on
infrastructure and social welfare, to prevent an abrupt economic
slowdown amid a deepening global recession.
The combined value of the four contracts is equivalent to
12.53 percent of 2007 revenue, China Railway said in a statement
filed with the Shanghai Stock Exchange.
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