China S shares

China S shares has increased significantly due to an improved sentiment propped up by the new share sale rule by the chinese government. For the last two days, china s shares has been accounting for most of the volume traded on sgx.

for today:
ChinaNtown up 3.8% to 0.275
ChinaHongXing up 0.8% to 0.655
yangzijiang up 3.6% to 1.02
Li heng up 5.1% to 0.725
china sun up 8.5% to 0.32
sinotechfib up 12.5% to 0.81
Ferrochina up 7.2% to 1.49
ChinaZaino up 5.7% to 0.555
Coscocorp up 2.9% to 3.5
ChinaXLX up 5.3% to 0.895
JES up 4% to 0.39
Chinaoilfield up 2% to 0.505
ChinaAelec up 2.2% to 0.235

some however have lost steam:
Chinaenergy down 0.8% to 0.585
chinaEratat down 6.7% to 0.35
Synear down 3% to 0.645

So should we avoid the s shares and possibly miss out on the rally? For those who are willing to take some risk, i have a few recommendations.

ChinaXLX fertiliser
yesterday reported a net profit surge of 42.2%, in line with expectation. With rising food prices, the china government is spending more on subsides for agricultural products. Demand for urea and compound fertiliser are also expected to grow.

China farm equipment
The chinese government has pledged an additional SGD 5 billion of subsidies to boost govt spending on agriculture . the government emphasis on increasing output on on agricultral products put the company in good stead.