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2009-6-11 08:59:00 a.m. HKT, XFNA
DJ MARKET TALK: Massive Grid Invest To Benefit Gear Makers - UOB
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| 0841 [Dow Jones] UOB KayHian tips "prolonged upcycle from massive smart grid investment" in China; notes market expecting details of China's smart grid investment plan to be announced in July, which could be key re-rating catalyst for power transmission, distribution sector. Potentially CNY3 trillion-CNY4 trillion plan to develop SmartGrid power transmission and distribution (T&D) network ranks as one of largest infrastructure investments in China, with size comparable to railway investment, may last 12 years. House tips primary, secondary power equipment producers as major beneficiaries; likes Wasion Meter (3393.HK), CSR Times Electric (3898.HK), Chongqing Machinery (2722.HK).(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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