announced strong performance for the
quarter ended March 31, 2004. Net
income increased 66% compared to the
same period in 2003. Market demand
remains strong for Guangxi Yuchai’s
diesel engines. And with the further
growth of China’s infrastructure, China
Yuchai will continue to see its revenues
increase. Zindart Limited (ZNDT:NASDAQ) sold its printing operation, Hua Yang
Holdings Company Limited, for US$24
million, with indebtedness of US$10
million, resulting in net cash considera-
tion of approximately US$14 million.
This cash will go towards the continued
growth of Corgi Classics in the US.
Investors didn’t like this. Most were
expecting the sale of the Corgi unit.
ZNDT reached a high of US$10.30, and
if you followed Taipan’s 20% trailing
stop, you would have sold it at US$8.24
for a gain of 65%. But if you are still
holding I would wait to see what the
stock does this holiday season. Quarter after quarter, we’ve seen LJ International (JADE:NASDAQ) increase revenue guidance. The company has
even increased its 2004 outlook. Keep in
mind that this is supposedly a slow-
down period. Sales are mostly to North
America, specifically the US.
And we know US consumers have been
spending even during the recession.
With JADE now expanding into China, it
will have a whole new avenue for sales.
And the possibilities in China are end- less. There are a lot more people who
can afford JADE’s products.        Youngsters especially are not going
to curb their spending. I expect rev-
enues to continue to grow even with
China’s slowing economy. After a pullback in May, Guangshen Railway (GSH:NYSE)  is coming back to its support level of around US$13.50.
GSH remains a dominant player in
China’s growing infrastructure. It’s at
the head of the class as far as Chinese
railways are concerned. And it remains
an affordable way to travel in China.        The Chinese semiconductor industry
expects to see strong growth. And
despite Semiconductor Manufacturing’s (SMI:NYSE) increased output, it is still not able to meet this demand. This is a
good sign. Demand outpaces supply.
SMI is still suffering from the Chinese
slowdown. But this stock will eventually
be recognized as a big chip player. Now,
it did hit our 20% trailing stop. If you ini-
tiated this stop loss then don’t sweat it.
But if you are still in this, continue to
hold. Now for our oil play. OMI Corporation (OMM:NYSE) has declared a regular divi- dend of US$0.05 per share payable on
July 14, 2004, to holders of record June
24, 2004. OMI has also withdrawn its
offer to merge with Stelmar Shipping.
Both these announcements were accept-
ed positively on Wall Street. The stock hit
another 52-week high of US$12.58. That’s
a 74% gain so far. n 12 TAIPAN Publisher:
J. Christoph Amberger Editors:    Christian DeHaemer,
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T  #123384745 TAIPAN www.taipanonline.com The 6th Annual Agora Wealth Symposium Vancouver, Canada, August 11-15, 2004         Inflation, terrorism, war, market stagnation and political elections… any one of
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