Capitalist Roader and Red Dragon funds: Reversing expectations

Capitalist Roader Fund:
The Shanghai Composite Index (SCI) declined 3.3% this week. Despite declaring a net profit up 40.9% in the first quarter of 2010, Huaneng Power (600011.SH) fell 3.2%, while Guangshen Railway (601333.SH) fell 2.6%; Guangshen’s first-quarter net profit increase of 3.1% to US$41.4 million didn’t do much to help, [...]

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