Tuesday, July 17, 2007

Shoemaker, Phone Company, Shrimp Farm Lead Rally by Asia Mining Companies

(Bloomberg) -- A shoe manufacturer, a former
telephone company, and a onetime shrimp farmer are among Asia's 10
best performing stocks this year. Their new focus: mining.

Shares of Nority International Ltd., a Hong Kong shoemaker
that last week bought a stake in an iron ore explorer, have soared
6,411 percent in 2007. Mongolia Energy Ltd., a former Hong Kong
telephone company that bought Mongolian mine plots in May, is up
4,068 percent. PT ATPK Resources, an Indonesian shrimp farmer that
became an energy explorer last year, has leapt 2,763 percent.


Read more at Bloomberg Stocks News

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