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Blog : Penny Stocks Rising in the East
September 22nd, 2009
Recent expectations for growth from China and South East Asia of 3.5% were trumped by the actual reported growth numbers of 4%. Most people think this sounds very small at first, but given the impact that extra 0.5% will have on the economy here at home, and given our current situation of economic weakness, it becomes very significant.
The growth wasn't a one-off either, as it's just the latest in a long trend of improving conditions overseas, which will impact us here at home.
Out of this renewed growth environment, there will be two types of penny stocks that will be directly impacted: domestic exporters and foreign U.S. listed penny stocks.
Domestic penny stocks that export to SE Asia will be benefiting from the overseas economies as things continue to warm up. For example, Geltech Solutions (GLTC) is one we were looking into today, paying special attention to their recent China and Taiwan distribution agreement. There are a few warning signs that we need to review, and a few phone calls we'll need to make, and this is not an opinion to purchase this penny stock. We mention it simply to demonstrate the kind of penny stocks that we are looking into on the heels of the improving Asian growth.
Foreign U.S. listed penny stocks, like New Dragon Asia (NWD), also stand to gain, and are currently under the eye of our Leeds Analysis team. Again, this is not an opinion to purchase this penny stock.
We are taking a look at several penny stocks that are either domestic exporters to SE Asia, or that are SE Asian companies but are listed here on the U.S. stock exchanges. To get the full reports on these as they are released, make sure to start your free trial to Peter Leeds Penny Stocks.
For those interested in the geography of South East Asia, it includes ten countries; Brunei Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam.