Saturday, 3 November 2007

Renewable energy

At the start of the year, I noticed a company China Enersave was involved in the biomass energy sector in China. The review was quite good, and indeed it had a good run till 0.20. Frankly speaking, I don't have time to do a very in depth research on the company, so just rely on the review and reports.

Since the recent market correction and announcement of several fund raising activities, the counter is going downwards at 0.105 now. A good entry price, subject to valuation check and the prospect didn't actually change.

Found a website which dedicated to renewable energy and had some news regarding the company.
Biomass Plant and Enersave.

I think it is good to place it under the watch list. Just in case it trended lower, it might be worthwhile to pick up some for future growth. High risk high return. Once they can make it, the return could be quite spectacular. This together with Guangzhao IFB are the two under my speculative list, which I would consider enter at very low price.

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