You will have seen a previous post regarding opportunities in China,I have been looking at another stock recently and am likely to buy some at the market open on Thursday, that company is Aluminium Corp of China (NYSE: ACH).
ACH is the second biggest Aluminium company behind Alcoa and it seems to be very favourably priced on a P/E basis(price Earnings Ratio) compared to its competition, it is trading at less than 8 times earnings compared to nearly twice that at its rivals, it also is on track to pay a dividend of 10%.
The fact that Aluminium has corrected in price recently is an added bonus. I will be looking to add ACH to my portoflio and place a stop loss of 20%.
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