CoolPennyStocks.com - CIIC may bounce hard, read inside
More on CIIC
Don't forget that CIIC is a nasdaq stock, this mean it will hit more scanners if it starts to bounce. More investors and traders have access to nasdaq quotes so CIIC may bounce higher than my other alerts!!
Also keep in mind that CIIC has gone from $1 to over $4 in just a matter of
days, so it has a history of big moves. Now back at around $1 the
probability for another rally is very high. View the chart and judge for
yourself.
Many people complain about toll roads, but if it weren't for toll roads we'd be
dealing with a lot more traffic than we'd like.
CIIC, through its subsidiary, is operating a very important expressway in China
that has 6 toll collection stations along it.
China has overtaken the U.S. as the world's largest auto market!
It's hard to know exactly how many cars there are in China but with a population
over 1 billion, it's safe to assume there's many.
With such a big population, there is a need for expressways that can eliminate
congested traffic while getting China's citizens from one city to the next.
Zhang Chunxian, China's minister of communications, announced in 2005 that China
will build a network of 85,000 km expressways over the next three decades,
connecting all provincial capitals and cities with a population of over 200,000!
CIIC, through their subsidiary Pingdingshan Pinglin Expressway Co., operates and
manages the important Pinglin Expressway toll road in the Peoples Republic of
China.
The Pinglin Expressway is a 106-kilometer (66.25 miles) four-lane toll road in
Henan province.
Pictures can be seen here if you scroll towards the bottom of the page:
http://www.ciicusa.com/en/eo.php
The operation permission, including the toll collection permission, is for 30
years from 2003!
Toll rates are defined by the Henan Communications Bureau and Henan Development
and Reform Committee.
It's been said that the economic development of northwest region of China and
increasing logistic and freight transportation between northwest region and
southeast region of China will bring even further sustaining growth in traffic
for Pinglin Expressway.
The Expressway System in China is strongly stimulated by China’s continuing
economic and social development.
China’s economy has been seeing double digits growth!
The People's Republic of China has the fastest-growing economy it has seen since
the 70's and growth is at an average of 10% per year over the past 3 decades!
In May CIIC reported growth in revenues and net income for its third quarter
ended March 31, 2010, compared with the same period last year.
CIIC reported that as a result of an improving Chinese economy, third quarter
average daily traffic volume on its Expressway in the current fiscal year
increased 4.4% to 11,762 units from 11,269 units during the same period in the
prior fiscal year!
As a consequence, CIIC's revenues increased 4.2% compared with over the same
prior year period!
CIIC Chairman and CEO, Mr. Li Xipeng, commented, "We are pleased with our third
quarter growth which reflects recovery and continuing improvement in the Chinese
economy which has translated to increasing auto traffic in the Henan province.
Over time, we anticipate further growth on this key north to south route in line
with anticipated growing commercial and passenger car traffic. The Company also
continues to seek additional development opportunities."
China has attracted more private funding for expressway construction than any
other country in the world!
CIIC reported earlier this month that recent comments from senior Chinese
government officials indicate a continuing recognition by the government of the
important role private capital and toll roads will play in the government's
plans to expand China's highway system.
According to the Company, a senior spokesman for the Chinese Transportation
Ministry recently commented that of the more than $1 trillion expected to be
spent for highway construction, the Chinese government is focused on three key
areas:
a) the toll road network in China East;
b) the main highway in China Central; and,
c) construction of inter-county roads in rural areas nationwide.
As part of this plan, a senior Ministry of Transportation official recently
stated that the government plans to complete a total of 80k km toll roads
nationwide which will connect 319 cities with populations of more than 200k
each!
In doing so, this official commented that China will carry on its current
"diversified, multi-channel" construction financing approach, under which bank
loans will keep their leading role, but foreign investment and private capital
investment in the toll road infrastructure may increase.
He noted further that the government recognizes the importance of toll
collection to repay loans and it is very unlikely that China will abolish toll
collection any time soon.
CIIC Chairman and CEO Mr. Li Xipeng, commented, "The estimate that bank loans
will represent 60% to 70% of the substantial financing required to build the
roads, with another 6% to 7% coming from direct grants from the central or local
government is one that is in line with our thinking. It has been our view that
approximately 25% to one third of all financing will be needed from foreign or
private investors such as ourselves."
He continued, "We are very pleased with the opportunity this provides to
construct toll roads that offer safe, well run highways which can attract and
build commerce and also are pleasing to the local community as well as the
growing number of ordinary drivers."
For more information on CIIC, visit:
http://www.ciicusa.com/en/ Always do your own research and consult
with your financial professional.
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