Renhe Set To Show A Strong Growth In 2010

CNN gave its top 10 picks for 2010. Here’s a report.

CNN picked Renhe Commercial Holdings Company Ltd as one of the top 10 stocks to be watched out for in 2010.

CNN noted that Renhe has an unusual line of business – building air raid shelters in China, which doubles as underground shopping bazaars. Renhe’s revenue jumped 732% in 2008 and the earnings were up 614% and Bank of America/Merill Lynch predicts that the earnings will surge by 100% in 2009 and will grow at 30% over the next two years.

Renhe has built or has been authorized to build over 1.2 million square meters of space and sees potential for building over 5.8 million more space.