Strong performance released July 17 by Chen Hsong Holdings Ltd. injected momentum of the press giants stock price on the Hong Kong Stock Exchange (0057.HK).

The company said fiscal year 2006, which ended March 31, 2007, saw sales up 10 percent and profits up 15 percent.

According to the ET Net, who claims to the largest financial news provider, Chen Hsong cited oil pricing a major factor for its sales. Sales only grew 8 percent in the first half due to high oil prices but went up 14 percent in the second half as oil prices dropped, the company said.

Chen Hsong stock hit a 52-week high on July 18, the following trading day.

The upbeat trend in 2007 is also found on the stocks of Haitian International Holdings Ltd. and Cosmo Machinery Enterprises Ltd., the other two largest press makers in China.

In the following chart compiled with Yahoo Finance, the blue line is Chen Hsong, green Haitian and red Cosmo. For a better view of the chart, click to open a larger version in a new window.