High PE is a deterent.
Still considering. But 45 cents seem like a low. Holding onto some lousy bluechip like Capital Land. Hoping to make some quick buck from smaller caps.
The National Development and Reform Commission (NDRC), China's main economic planning agency, recently announced that it has approved five railway construction projects with total investment pegged at 142.4 billion yuan (US$22.85 billion)
Funds for four of the projects will be sourced from loans borrowed by the China Railway Corporation, the Ministry of Transport and the provincial government where the railway is located, as well as from several banks including the World Bank and China Development Bank.
An analyst at China International Capital Corporation told Shanghai's China Business News that the government's urbanization drive will benefit from railways connecting cities with populations of at least 200,000 with high-speed rail networks for cities of over 500,000 people, which will ensure that the railway sector receives stable investment in the long term.
In addition, domestic demand for railway infrastructure and equipment has posted a better outlook and the export sector is also reviving gradually.
