Timber investment group China Forestry Inc. announced today that the company has signed a letter of intent to acquire the landscape engineering and construction firm Shaan’Xi Province Gaoxin Agriculture and Animal Husbandry Development Holding Co., Ltd. The company, located in Xi’An City, Shaan’Xi Province, generated over RMB 81 million in revenue in 2008.

China Forestry feels that acquiring Goaxin will bring a weighty advantage in pursuing its mission to capitalize on the Chinese Government’s decision to promote sustainable forest management through land tenure. Goaxin provides landscape design, engineering, construction and maintenance services to a target market of universities, parks, municipal spaces, golf course, sports venues, gardens and highways; additionally, the company maintains a seedling nursery of over three thousand acres.

Mr. Yuan Tian, CEO of CHFY, commented, “Management has invested considerable energy and effort to identify an operating business that complements our timber investments. CHFY can provide Gaoxin with access to capital

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China Mobile (CHL), the world’s largest wireless carrier by subscriber, has revealed its plan to commence the trial run of its 4G network during World Expo 2010 to be held in Shanghai from May 1 to Oct 31, 2010. The company’s 4G service is based on the TD-LTE (Time Division Duplex Long Term Evolution) mobile broadband technology. Roughly 200 participants and 70 million visitors are expected to assemble at the Expo.   China Mobile has recently selected Alcatel-Lucent (ALU) for the responsibilities of design, construction, installation and integration of communication infrastructure to facilitate the 4G network trial. The TD-LTE network will provide advanced wireless services (including high-definition TV and ultra-fast broadband Internet access) to the visitors at the exposition.   The three major Chinese telecom operators China Mobile, China Unicom (CHU) and China Telecom (CHA) are investing heavily in Shanghai to improve the city’s network

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China-based Kandi Technologies Corp. designs and manufactures all terrain recreational vehicles (ATVs), including its battery powered, two-seater low-speed vehicle, COCO. The company today announced the sale of 30 modified, electric COCO hardtops to the Postal Service in Jihua City. This is Kandi’s first sale of its COCO super mini car in China, and represents a strategic sale that will generate a visible on-road presence for the company’s clean vehicles.

“This is a milestone event for Kandi,” Xiaoming Hu, Kandi’s chairman and CEO stated in the press release. “Representing the start of what we see could be a significant ramping up of COCO electric car sales in China to the Postal Service nationwide. They, as well as other public services, such as sanitation and taxis, are being strongly encouraged by government programs to update their fleets to reduce oil and gas consumption and help clean up the environment.”

Kandi modified the COCO

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For Immediate Release

Chicago, IL – November 11, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: AT&T Inc (T), Centennial Communications Corp (CYCL), Verizon (VZ), JA Solar Holdings Co. Ltd. (JASO) and AutoNation (AN).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s Analyst Blog:

AT&T Completes CYCL Acquisition

AT&T Inc (T) has reportedly completed its much anticipated acquisition of Centennial Communications Corp (CYCL), the eighth largest US wireless carrier by subscribers. This follows the recent approvals of the transaction by the US Department of Justice and US

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JA Solar Holdings Co. Ltd. (JASO) announced adjusted earnings per American Depositary Share (EPADS) of RMB 0.66 (10 cents) in its fiscal third quarter, which exceeded the Zacks Consensus Estimate by 7 cents. The performance improvement came from higher shipments along with growing margins.   In the reported quarter, revenues rose 119.6% to RMB 1.3 billion ($193.3 million), as compared to RMB 600.7 million ($88.0 million) reported in the previous quarter. However, revenues fell 37.8% when compared to year-ago quarterly revenue of RMB 2.1 billion ($310.7 million).   JA Solar’s shipments were a company record of 177MW in the quarter. In the prior quarter, shipments were only 77MW, representing a sequential growth of 129.9%. In the year-ago quarter also, shipments were only 99MW, representing shipment growth of 78.8%.   JA Solar’s gross profit in the reported quarter rose to RMB 220.5 million ($32.3 million), or 16.7%, compared with RMB 68.3

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Chinese energy giant PetroChina Co. Ltd. (PTR) announced third quarter earnings of RMB 30.8 billion or RMB 0.17 per diluted share, compared to RMB 40.1 billion or RMB 0.22 per diluted share in the year-earlier quarter. The year-over-year negative comparison was primarily attributable to lower oil prices and weaker energy demand. PetroChina’s total revenue in the quarter reached RMB 267.7 billion, a decrease of 12.1% from the year-earlier period.  Upstream  The company’s upstream segment achieved steady growth in natural gas output during the nine months ended Sep 30, 2009, while oil volumes fell slightly. Crude oil output was 631.2 million barrels, down 3.7% from the same period in 2008. However, marketable natural gas output increased 11.4% year-over-year to 1,524.8 billion cubic feet (Bcf). The average realized crude oil price during the first nine months of 2009 was US$49.06 per barrel, representing a decline of 49.6% from ...

China Medicine Corp. is a developer and leading distributor of prescription and over-the-counter drugs, traditional Chinese medicine products, nutritional and dietary supplements, and medical devices and formulations in China.

The company announced today that through its wholly-owned subsidiary in China, Konzern Pharmaceuticals, it has signed an equity transfer agreement to acquire 100% of equity interests in Sinoform Limited, a British Virgin Islands corporation which is the sole shareholder of Guangzhou LifeTech Pharmaceuticals. LifeTech Pharmaceuticals is a developer, manufacturer and marketer of pharmaceutical products and traditional Chinese medicines in China.

The acquisition is expected to close before the end of the year and China Medicine will acquire Guangzhou LifeTech for 57 million renminbi or about $8.3 million cash and the assumption of about $13.2 million in debt. Upon closing of the acquisition, the company will receive all of LifeTech’s assets, including a portfolio of 39 Western and traditional Chinese medicine products. LifeTech’s top-selling

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Emerging Asia’s role in the market for high-end luxury goods is mushrooming, reflecting a shift eastward in the global balance of spending power. This shift has crept along for years but has accelerated recently due to the global economic crisis, which has hampered economic growth in many countries. US consumers ended up living beyond their means by borrowing against asset bubbles – housing, stocks, etc. – which have burst and may be weak for years.

By contrast, household spending by Asia’s developing nations is expected to increase as continued growth, rising populations and improving health/retirement provisions reduce the need for families to save for the proverbial rainy day. This is particularly true in China – which, unknown to most US investors, is already the third largest luxury market in the world, behind only the United States and Japan.

The Chinese Dragon Goes Upscale

China has a rapidly growing number of rich people –

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Shiner International, Inc. excitedly announced today that it has entered into a new contract with Shineway Group, the largest meat product manufacturer in China. The company believes that this contact has the potential to contribute up to RMB4,000,000, (approximately $586,000) in monthly revenues to its coated food safe packaging sales.

“We are excited and invigorated by this new engagement with Shineway, the leading manufacturer of meat products in China. This is a strong ray of light in what has been a difficult past for Shiner, due in large part to the global economic recession. The passage of the new Food Safety Law that went into effect on June 1st has impacted many food processing companies in China, causing them to find suppliers of coated materials with barriers designed to keep bacteria out and freshness in the package. Our commitment to quality food-safe, coated film packaging, unparalleled technical advantages and production capacity,

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This post provides links to a number of thought-provoking articles I have read over the past few days that you may also find of interest.

• Evans-Pritchard (Telegraph): German “wise men” fear credit crunch in 2010, October 15, 2009. Germany’s leading institutes have warned that the pace of economic recovery is “unsustainable” and that the country’s banks may face a fresh crisis over the next year as bad debts surface in earnest.

• Lasse Heje Pedersen (NYU Stern School of Business): When everyone runs for the exit, August 2009. The dangers of shouting “fire” in a crowded theater are well understood, but the dangers of rushing to the exit in the financial markets are more complex. Yet, the two events share several features …

• Anthony Bolton (Financial Times): Are developed or emerging markets the future of investing? October 16,

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