Stock News: China Milk strong prospects!

China Milk sharply higher on strong prospects China Milk, which breeds dairy cows and produces raw milk, was sharply higher on strong earnings prospects given the rising demand for cows in the Chinese dairy industry, dealers said. "There is a lot of demand for cows in China. That is what they are leveraging on," an analyst with a local brokerage said. China Milk started trading on the Singapore Exchange four weeks ago and its share price has almost doubled from its IPO price of 0.62 sgd per share. Dealers said heavy trading in China Milk shares has also been spurred by speculation that call warrants on the stock may be launched soon. China Milk was up 0.09 sgd or 9.0 pct at 1.09, off a high of 1.11, on top volume of 26.21 mln shares.