Foreland... Look at other textile companies .. U will know what I mean. Unless they start giving profit guidance this quarter, otherwise, things should be ok. Euro cup and Olympic should not have much impact on the companies. Any contracts should already be awarded long ago. But youth Olympic 2014 will be in Nanjing. Endure this downturn and lights should be at the end of tunnel.
This piece of good news will give a lift to Singapore market tomorrow.
HONG KONG (MarketWatch) -- Chinese manufacturing activity improved further in April from the previous month, an official survey showed Tuesday, signaling a "stabilization" of economic conditions at factories. The Purchasing Managers' Index rose to 53.3 in April, up from 53.1 in March, according to data from the China Federation of Logistics & Purchasing. A figure above 50 indicates an improvement in overall business conditions, while one below signals a deterioration. The latest PMI print compared with analyst expectations of 53.5, according to a survey from Dow Jones Newswires.
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