China Shoto (LON:CHNS) - Low tech, low growth, high pollution - it all comes a cropper

Tuesday, Jun 22 2010 by

Jun 22nd 2010 - Investorschampion today published a report on China Shoto (CHNS.L, LSE:CHNS, LON:CHNS) entitled "Low Tech, Low Growth, High Pollution - It All Comes A Cropper". In summary, the report says:

Signs of a slowdown in China and increased competition overseas - the valuation looks cheap and seemingly for good reason.

The leading Chinese battery producer and the largest supplier of back-up batteries to China’s telecommunication operators came out with what amounts to a fairly disturbing AGM statement, disturbing at least to those who assumed it was onwards and upwards for everything China related!

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