SPO Networks Inc (SPOI)

[wise2u]

Good Morning all. I came across this in my reading and thought I'd share this Tidbit from Gasgoo News.

Chinese manufacturers are currently divided by large state-owned companies carrying representative own brands, such as SAIC (Roewe), FAW (Benten) and Dongfeng (Aeolus), and fully independent companies such as BYD, Chery and Geely. Alongside joint ventures, the country's automobile industry is actually quite varied. Gasgoo.com (Chinese) conducted a survey earlier this month to better understand what views experts have on the future of this diversified industry.

Large Chinese manufacturers made quite a splash among Fortune Magazine's list of top 500 companies, with Dongfeng placing at 145 ($55.75b returns, $2.48b net profit), SAIC placing at 151 ($54.26b returns, $1.91b net profit), FAW at 197 ($43.43b returns, $2.13b net profit) and Changan at 226 ($37.99b returns, $225m net profit). GAC and BAIC also found their way into the list. These manufacturers have also expressed their desire to continue large-scale investment to develop own brands.

To me the message is pretty clear where the auto Mfg. giant will be located ( if not already ) Dongfeng, which is state-owned and protected continues to grow, which can only be a good sign for HTI. Some may say there is no joint venture currently working with this company, but common sence tells me that you don't invest thousands $ into fine tuning a booster for a specific engine ( 1.6 liter citroen ) for a foreign company without expecting some return. As with most big deals ( especially foreign ) they operate on a different time table than the US. My advice to all is to stay patient. IMO ( my one post for the day so I will not be able to respond to comments )