Chinese Stocks rebound.

Looks like Shanghai Stock Exchange Composite has found its double bottom support near 'Bullish Pivot A' and is heading upward for the Chinese Lunar Year Celebration.

The ascending soldiers formation in mid-December'07 was noticed.

Chinese stock watch:-

GULF RESOURCES INC (OTC BB:GFRE.OB)

GFRE operates through two wholly-owned subsidiaries: the first one is engaged in manufacturing and trading Bromine, is used to manufacture a wide variety of compounds utilized in industry and agriculture, and Crude Salt in China.
The second wholly-owned subsidiary manufactures chemical products utilized in oil & gas field explorations and as papermaking chemical agents.

Management currently anticipates revenues of approximately $54 million, representing an increase of over 200 percent from the $17.8 million reported during calendar 2006.

Net income is expected to increase approximately 980 percent to at least $13 million from the $1.2 million reported in 2006, which included a $5.3 million non-cash equity compensation charge. Previously issued guidance for revenue and net income was $48 million and $11.6 million respectively.

GFRE main subsidiary is engaged in producing Bromine and Crude salt. They are the largest producer in China with a 15% market share. China is also the third largest producer of bromine worldwide behind the US and Israel.
The Bromine compound is used in numerous applications that include: water purification, production of vegetabGFRE is 1 of 6 companies in China licensed to produce and distribute bromine. GFRE also has a 50 year mineral rights and land lease covering over 18,775 acres of property with proven and probable reserves of over 1.7 million tons of bromine.
The rising international demand for bromine, coupled with the fact that China will soon become the largest papermaking country in the world is anticipated to have a significant impact on the bromine demandle oil, dyes, pharmaceutical compounds.

GFRE's subsidiary SYCI has signed a letter of intent with Southwest Synthetic Pharmaceutical Corporation Ltd., one of the largest developers, manufacturers and exporters of pharmaceuticals in West China, to serve as a supplier of a chemical compound named 3.4.5-Trimethoxybenzaldehyde (T.M.B.) to Southwest.In 2006, global spending on prescription drugs topped $600 billion.

The crude salt yield of Shandong Province was 16 million tons in 2005, which amounts to approximately 30% of the entire Chinese market!GFRE's headquarters are located in Shouguang City, which is the major salt production area in Shandong Province.GFRE knows that agriculture, oil, and paper are very huge in China and that bromine is important to these industries.

For more information on GFRE, make sure to visit their website at: http://www.gulfresourcesco.com/

52wk Range:0.73 - 3.00
Volume:302,082
Avg Vol (3m):95,823.4
Market Cap:283.06M
P/E (ttm):32.64
EPS (ttm):0.09
Div & Yield:N/A (N/A%)

GULF RESOURCES, INC. Financials

Full Company Profile

ANALYST OPINION

EPS Est (next year) (Dec-07) :0.14
EPS Est (in 2 years) (Dec-08) :0.19
Avg Rec (current)*:2.0
PEG Ratio:0.79
* (Strong Buy) 1.0 - 5.0 (Strong Sell)