Cicero may be right. The little A brief review of stock speculation in 2010 will be very clear to see that the concept of the earth from the Expo to the military to the touch screen to the hot real estate rebound and then scattered, there is a plate Shitailichen but silence for a long time.
sea, marine equipment manufacturing, shipbuilding and other marine sector is basically in the neglected corner of the CSCL (601,866, stock it) (601866.SH) the decrease of 3.24%, China Ocean (601 919 , it shares) (601919.SH) and China Shipping Development (600,026, stock it) (600026.SH) are more than 30% decline in long fuel transportation (600,087, stock it) (600087) (600087.SH) decreases 35%, Zhenhua Heavy Industries (600,320, stock it) (600320) (600320.SH) or even decline to 37%, far underperforming the broader market decline of 14%.
foreign Johnson Zaibao stop large-scale recalls the warm state forest behind the taking of 23 million subsidy allegedly left Enron: This is really clever
central bank performance, valuation and other disputes be put next to the ocean alone is mentioned in the national economy has been re- emerging strategic level, the give and marine-related listed companies a huge imagination.
sea in a house of gold, the mining sector urgently.
blue plate resurgence
we choose to re-examine the marine economy, it is seen in this section all the great value can not be ignored.
It is understood the financial weekly, new marine industry has entered a phase of accelerated development. Comprehensive utilization of water in 2009, new marine energy, marine biomedical and other new output value of marine industries increased by 18.6% year on year, 25.2%, 12.6%, faster growth, but the proportion was less than the total output value of marine economy 2 %, a huge space for future development.
and this year, both in the South China Sea, China's firm stance on the issue of equity, industry column, were indicative of the economic development of the marine emphasis has been on a new level, accelerate the development of emerging marine industries around the corner.
In addition, the background of globalization, the world has entered the marine economy era. Human land exploitation has reached a point where Banded, from land to ocean, is the inevitable choice.
and we all know, the ocean is rich in resources, natural gas reserves to the global ocean is only 140 billion cubic meters, while the sea water temperature difference energy, salt, poor energy, wave energy, tidal energy, ocean energy flow and so are the inexhaustible supply of green energy. Seabed polymetallic nodule resources of the sea, represented by new energy reserves is huge. Also, desalination is an important part of human drinking water can solve 1 / 5 the population of water supply problems. Scarce land resources and serious environmental pollution in the context of marine economy is the global community an important tool for sustainable development.
for our country, the most influential than the second Five-Year Plan carefully written on the marine economy, giving, including mariculture, port transportation, marine engineering equipment and other related companies to bring a very Listed good investment opportunities.
private equity market is also super sensitive to smell the great chain of marine industry investment opportunities. A private, told reporters already Jiancang ocean shipping and deep sea fisheries stock themes. This private placement, said the field of fisheries on the high seas will be the strong support.
According to the financial weekly together, the oceanic plate with the basic concept of clean energy, chemical concepts, scarce resources, agriculture, port transportation, engineering equipment, bio-medicine, tourism, and other concepts, great value for the development of .
old blue back into the attack and defend, Blue strong
ocean old blue and Blue the same can not be underestimated. We are a simple classification, the old blue is a traditional old company, including shipping, ocean fishing, shipbuilding and other companies, Blue is the new plates such as wind power, marine and other sections of the company.
first say that the old blue. In addition to the oceanic plate with the concept and value, underestimate the value of their investment value is the essential point. Although not underestimate the value of the shares rose irrefutable reason, but that is a very good help.
two weeks, we can see CSCL, transportation and other stock transactions in the CAO, there have continued to buy large single. And, in a week's 2800 point battle, CSCL, China Aviation Oil transportation and other super blue-chip also contributed no small force.
and our logic here, the blue chips continued to be left out at sea, abandoned the corner, and they have the power savings for a year.
is more representative of the shipping shares, its valuation has fallen to historic lows. Since 2009, the shipping industry trend continued in the cycle, the bottom of the shock, the shipping market valuation relative to the level of stocks is down trend was continuing.
shipping stocks current valuation levels have the overall downturn of the industry had a full response to the valuation bubble is almost over. Currently shipping stocks Dynamic PB and PE 2010, respectively 15 times and 1.9 times the bottom has fallen to historic area.
In addition, the current market there is a conflict point is the biggest financial feared and missed the market, afraid of the risks of changes in fundamentals. Therefore, as the old blue for low quality, both to avoid risk, but also to prevent Ta Kong market, for capital, it has a certain appeal.
especially in December 2010, part of the valuation in the history of the bottom of the blue-chip holdings by major shareholders, which is the value of this part of the blue chips an endorsement. Each round will eliminate a large class of large cap, lower prices, since 2008, 1664 points, fewer and fewer low-priced varieties, the market is only one of 2 million shares of ABC, 5 yuan, only one hundred or so. The disk from the recent term, cap, lower the undercurrent of speculation is surging.
the new members of the marine industry, where many powerful explosive. For example Goldwind (002,202, stock it) (002202) (002202.SZ) has been in Jiangsu Dafeng the layout of the offshore wind power industry base, forming an annual output of 300 MW units cabin, wheel production capacity; and you may also do not know, from marine animals, plants and microorganisms have been isolated compounds have more than 10,000 kinds of new, more than 50% of which have anti-tumor, anti-bacterial, anti-virus, anti-clotting and other pharmacological activity. States, through years of study, 230 in the algae are now known to contain a variety of vitamins and pharmacological effects of 246 marine species contain anti-cancer substances. The Alexander Walter (000,915, stock it) (000915) (000915.SZ) and Aucma (600,336, stock it) (600336) (600336.SH), a subsidiary has been involved in marine biological medicine.
marine industry chain, the three logic
Currently, there are many newly listed companies have been added to the Blue Army, constitutes an initial chain of marine industry, there will be further growth in future and expansion. From the current point of view, the investment marine industry can be divided into the following logic.
First of all, the traditional marine industries, promote greater attention to fundamentals and a great pick to benefit from the industry boom of the enterprise.
tanker traffic in winter is the traditional peak season, the cold weather season factors will strengthen the northern hemisphere's major economies stimulated demand for oil, we recommend attention to listed companies, such as long oil transport fuel transport. There is increased demand and price of coal is expected, coastal coal freight in the winter is expected to shock upstream, investors can focus on coal transportation and oil transportation along the coast concurrently listed companies, such as the development of the sea. Periodic special barge relatively weak performance is relatively stable, the proposed special shipping transportation business concern listed COSCO Shipping (600,428, it shares) (600,428).
Secondly, there is the core technology for competitive business focus. Seawater utilization industry, marine equipment manufacturing, marine biomedicine, marine renewable energy industry, deep-sea mineral resources exploration and development industry and other industries, there are many listed companies, the policy should be particularly concerned about access to technical support and form core competitiveness enterprises.
Again, close attention to the relevant national policies. Relevant state departments are encouraged to marine industries brewing release (product) development of the Catalogue, has core intellectual property of large-scale water use projects, development projects and the deep ocean energy resource extraction projects to funding guidance, on the desalination of seawater, ocean may renewable energy and other products subject to price subsidies.
addition, we must note that the marine industry, mostly in emerging high technology research and development cycle is long, high-risk industries, it is difficult to attract large and continuous funding, to close attention to listed companies in the financial and technical R & D progress in other aspects of its financial data more respected.
fragile market, the Guangzhou Shipyard International (600685, stock it), China Shipping (600,150, stock it), the ship of shares (600,072, stock it) the trend was outperform the industry recovery
financial weekly intern reporter had Xuemei / text
2800 points up and down last week's market turmoil, we see the Chinese ship transaction.
in the opening years of the first regional planning, we have seen on the marine economy in Shandong the first plan.
in China, the introduction of the first aircraft carrier,
, judging from the market, the most representative of the Chinese ship, Guangzhou Shipyard International, and shares in the ship into the state capital recently have shown, the trend was stronger than the market.
However, regardless of real performance of the order, or a variety of suspect aircraft carrier construction, the ship made all, deserves our attention.
China Shipbuilding: waiting for a recovery of the No one on the market beyond the peak.
stocks at the same time the ship made several forces behind, we found that several marine equipment industry, the net profit growth in recent years, the situation is not optimistic, or even negative growth.
marine equipment industry, whether it is leading the A shares onto the peak of the leader, or the background of an accidental outbreak of the stock is worth to think and explore.
2011 年 1 7, China Shipping, Guangzhou Shipyard International, Zhenhua Heavy Industries, shares and other ships in the ship shares have ushered in a different rate of growth, including GSI rose by more than 4% Chinese ship rose over 3%, up 3% stake in the boat, the other a few stocks have different degrees of increase.
reasons for this increase, derived from China's first aircraft carrier to be built into the water of the rumors.
some industry analysts say: China's military industry is the construction of an aircraft carrier, is generally not a public disclosure, so things true and false can not be sure of that, but it will certainly be the completion of the aircraft carrier ship equipment manufacturing industry have some positive impact.
However, this increase allows us to recall but one other notable rise. October 11, 2007, China's stock on the day the ship onto the peak of 300 yuan. People could not help thinking: A shares onto the peak of why then is the marine equipment industry, whether it's behind the competition has tremendous potential?
start with the shipbuilding industry point of view, according to China Association of Shipbuilding Industry Statistics, 2010 on 1 到 November completions shipbuilding industry, new orders have increased significantly, while hand-held pick-up orders; new boat prices have rebounded, delayed delivery of which still exists.
then opened several marine equipment listed company's earnings in recent years. To see more of a performance fluctuations.
shares in the ship in 2008 net profit fell 8.5%, 2009 growth of just 3.35%, down 39.05% in 2010; China Shipbuilding rose 48.63% in 2008, down 39.88% in 2009, was only in 2010 an increase of 2.93%; Guangzhou Shipyard International 2008 net profit fell 12.78%, 37.23% in 2009 continued to decline in 2010, up 49.22 percent; Zhenhua Heavy Industries net profit rose 22.09% in 2008, down 67.4% in 2009, declined in 2010 145.49%.
three major shipping companies and the Zhen Hua Heavy Industries are in a trading range performance, the overall profit growth appears to be little more than the decline. According to the China Shipbuilding Industry Association's statistics, the cost of repairing the ship continues to decrease, compress the company's profits.
industry analysts have said: In 2007, a large number of invest and build factories in China, Japan and South Korea shipyard. Daewoo Shipbuilding was in addition to $ 1,000,000,000 investment in plant in Yantai, but also built in China along with South Korea's Samsung Heavy Industries shipyard and Gaya Heavy Industries, invested 500 million U.S. dollars respectively, and $ 29,800,000. Significant shift towards the shipbuilding industry in China, making China is expected to become the next world shipbuilding center. That is why, for the marine equipment industry has brought huge orders.
Yaxing big monopoly chain of small industries and other manufacturers to wait for warm spring in the recovery of
compared to other marine equipment manufacturers 10 years or 10 years time to market is different from 2010 Listing of the Yaxing chain (601,890, stock it) is a truly new shares.
However, Yaxing chain, the new listed share price performance is not successful within a few days. The performance of shares in the open decadent trend, the stock price on Friday Yaxing chain has fallen below the issue price.
interview the relevant people in the industry, he said that: fell for several days, there is a possibility that investors do not understand this company's products caused.
Yaxing anchor chain in the research report, there are some particularly interesting: R5 mooring chain.
According to industry sources: R5 mooring chain is mainly used for deep-sea oil and gas resources in the development of a device parts. Its production and the production process for steel has higher requirements, the current all of its major steel products from Steel to buy. The chain is the only one Yaxing can produce R5 mooring chain company, dominates the country.
analyst said: p> According to relevant information: the amount of area a total of 35 billion oil and gas resources and 400 million tons of oil storage capacity, and proven rate was 12.3%, deep operating areas are still empty, so mooring chain has some high-end market potential .
and for other marine equipment manufacturers, now have entered a recovery phase.
GSI in the first quarter of 2010, received two shipbuilding orders, orders for the second quarter is zero, then three quarters of new shipbuilding orders for the three, as of September 30, 2010 has already received orders for 46 / 1,923,700 dwt. Other manufacturers also have entered the order of the recovery period.
with analysts that
2011, the China Oilfield Services (601808, stock it) will be the first to enter the deep sea. Offshore Oil Engineering (600583, stock it) to see results this year, Nanhai Li Wan, revenue is expected to sprint 200 billion
financial weekly trainee reporter Yong / text
development plan Reflected in the capital market, offshore drilling, deep-sea exploration, machinery manufacturing, and other marine economy an important link in the chain plate is bound to break out again.
COSL: Going Global, deep sea, large plate. And work boats in the domestic market, COSL controls more than 60% market share.
2011 years, COSL will be the first to enter the deep sea, while outgoing, high-end rigs and equipment to foreign markets. The company currently has 50 development projects have not proven, but its also an investment of $ 1,000,000,000 managers with deep capabilities built offshore platform 981.
the short term, benefit from the National Oceanic and economic policy is not obvious, however, with CNOOC's second Five-Year Plan recycled the Daqing, China Oilfield Services will take on important task, with CNOOC investment gradually put in place, especially in the development of deep-sea areas, COSL will have long-term earnings growth potential.
Zhenhua Heavy: 2.2 billion holding orders, and stronger offshore drilling
the first three quarters of this year, Zhenhua Heavy Industry (600320.SH) net profit of -4.62 million reduction of 320.25 percent year on year, operating conditions remained at a low period. For the company's performance for some time, Sincerely, BOC is the history of that The highlight of the business work, Zhenhua Heavy drilling platform has been developed as an important business and now has a drilling platform in the trial production stage, the future market can expect a breakthrough.
In addition, the major shareholder of Zhenhua Heavy exchange shares in August 2010 acquisition of the world's leading design service offshore drilling platforms and equipment supplier F & G Corporation, the two sides have been in the drilling platform design and other aspects of communication and cooperation, and prepare the next step in project development as well as deepening cooperation.
substantial growth year on year while orders indicates the company will spend the cyclical trough. According to statistics, the first half of 2010, the new Heavy Industries signed a single contract Zhenhua nearly 15 billion U.S. dollars, 2.7 times over the same period in 2009. As of the end of the third quarter of 2010, the Company entered into a new single to further increase to 22 billion U.S. dollars.
Offshore Oil Engineering: set foot in the South China Sea virgin, sprint 200 billion in revenue
deepwater exploration and development of CNOOC's strategic goal is - deep water of Daqing. That by 2020, invested 200 billion yuan in the deep water, playing 800 exploration wells, the South China Sea deep water production in 2015 reached 25 million tons of oil equivalent in 2020, the total output capacity of 50 million tons of oil equivalent.
from the current point of view, the deep South China Sea, rich in mineral resources reserves are almost no development, it is understood that only Lee Wan 3.0 billion investment in shallow water, and deep regional investment will reach 100 billion yuan, is bidding .
According to State Securities (600,109, stock it) Zhang Hao analyst estimates, according to the experience of comparable companies at home and abroad, the company's existing and under construction, enough to support the company ships 200 million or more in annual revenue.
Offshore Oil Engineering (600583.SH) as the only one offshore oil and gas field development contract general contracting company in the offshore oil and gas field development project more than 90% market share, Offshore Oil Engineering's business income is mainly CNOOC's offshore fields from general contracting, oil and gas business covers the design, construction, installation and laying pipe.
the short term, earnings growth in 2011, ten blocks from the main or one of Nanhai Li Wan.
CIMC: 2011 to see marine engineering
CIMC (000039, stock it) (000039.SZ) container products in the global market share of 55%, sales the amount of the world's first. The company's business is divided into containers, road transport vehicles and equipment, energy, chemical storage and transportation of three parts, including container and road transport vehicles accounted for about 80% of total revenue.
CIMC's semi-annual report in 2010 pointed out that the marine engineering business for the group to a new core business segment, will become important in the future profit growth.
set of the biggest bright spot in the Group holds 50.01% stake in a subsidiary set of Raffles (the YCRO) is the largest and the world's third semi-submersible marine engineering equipment manufacturers, the company focused in the mobile drilling platform and its supporting ships. July 2010, the national energy research and development center offshore oil drilling platform located in the company.
in terms of market orders, according to statistics, China currently under construction platform 10, including eight in the Raffles, 2010, orders the Caspian project and a lifting platform, has now started, YCRO2010 years signed and signed a new one to be about 9 billion, new orders in 2011 is expected to more than one billion U.S. dollars.
Walter Alexander main focus in 2010 to implement the principle of continuous strip of poor business profits, gradually focusing on pharmaceutical and environmental protection
financial weekly newspaper reporter Zhu Changbin / text
One of the measures.
side effects of chemical drugs because of the show, coupled with serious harm to human life and health of the disease failed to find the ideal long-term treatment, marine biological resources has become a new hot spot of concern to pharmaceutical industry.
1 7 January, the State Development and Reform Commission issued Blue Peninsula Economic Zone Office of the fee before the interview Yunliang also said that efforts to promote transformation and upgrading of marine industrial structure, accelerate the strategic marine biological medicine, new industrial scale, concentration of high-end development.
He also said that the blue in the Shandong Peninsula, Qingdao Economic Zone is the leading core area, Yantai, Weifang, Weihai backbone. As a small number of A share listed companies involved in marine biomedical Aucma (600336.SH) and Alexander Walter (000915.SZ) is now in this area.
Aucma: anti-cancer drugs into the ocean
Scientists predict that the most promising anti-cancer drugs will come from the oceans, marine life has been found to extract at least 10% with anti- tumor activity.
Japan in the world's largest marine life of drug R & D investment, and their technology is the forefront of marine products in Japan 1500 was a year separated, 1% have anti-cancer activity. There are at least more than 10 marine anti-cancer drugs in clinical or preclinical research stage.
In China, 80 from the last century, began to study the marine anticancer agents, due to backward technology, insufficient capital investment in this area started late and relatively slow pace of development. This time the blue made the Shandong Peninsula Economic Zone will be a major opportunity for rapid development in China.
many domestic enterprises with seaweed produced some of the anti-tumor products, but most of its raw ingredients from seaweed anti-cancer efficacy of the sea far below the natural pure Yun. And processing techniques, inferior product absorption rate is only 4% -10%, while after its absorption of ultra-low molecular techniques to deal with more than 98%.
current business involves marine anti-cancer drugs is rare A-share listed companies, including subsidiaries Aucma anticancer products.
Aucma owned subsidiary of Australian marine life and the State Oceanic Administration, a joint development of conjugated linoleic acid (CLA) series of products, with significant anti-cancer, regulate body metabolism, improve immunity and reduce the
Australian marine life present an annual CLA3000 tons scale, CLA export of similar products has accounted for more than 90%. The company is the earliest of conjugated linoleic acid research and development, production and marketing business, now built the first set of large-scale production of conjugated linoleic acid.
but it is worth attention is that, CLA in the ratio of operating income in the Aucma small, but the prospect of incalculable.
Alexander Walter:
leading marine biomedical treatment of children
Aucma subsidiaries compared to CLA, Alexander Walter subsidiary Dayin Hai Yang Limited production of biopharmaceutical drugs contributed to the profits of listed companies is more obvious and greater.
2011 年 6 January evening, the Shandong provincial government notification, the State Council has formally approved the Economic Zone in the Shandong Peninsula official blue rose for the national strategy to become China's first marine theme of the economy, both land and sea co-ordinated regional development strategy.
Alexander Walter wide distribution business, but many business profitability is weak. 2010, the company implemented the policy of the main business focus, poor profitability continue to divest the business, and gradually focus on medicine and environmental protection, which is reflected in some of the major pharmaceutical subsidiary of biological products for business.
of children because of biological agents is the leading the leading product
Southwest Securities (600,369, stock it) industry researcher Hu told the weekly financial journalists waves, The pharmaceutical subsidiary Dayin Hai Yang will be the listed parent steady profit growth. to create an international (600,097, stock it) is one, it will be the highlight of their future
financial weekly newspaper reporter slip out flight / text
in A shares, offshore fishing is relatively ignored plate, the deep-sea fishing as the main business of the listed company is currently only open international (600097.SH) and water fisheries (000,798, stock it) (000798.SZ). Deep-sea fishing is the use of foreign and high seas fisheries resources for fishing, and then sold to the international market, export-oriented industries, with resources and markets,
1 7 January, the NDRC issued a And compared to the
create international:
advance into the high threshold, the biggest highlight of the Antarctic krill
nearly 50 million in 2010, grants will continue in accordance with regulations. According to the State's current policy of deep-sea fishing, and create tax breaks for businesses can enjoy international and diesel subsidies, shipbuilding infrastructure, preferential loans and other benefits. The fuel consumption and is the most important shipbuilding costs.
main business is to create an international horse mackerel and tuna fishing, which is also the country most capable horse mackerel fishing enterprises. The company owns five trawlers horse mackerel, horse mackerel into all the world's second-largest number of single fish off the coast of Chile. According to Jiang Xiaodong Huatai Securities analyst, said the joint in the region currently provides only 27 boats fishing. Cai Yuan also said that only a licensed prior to 2007, vessels fishing in the region, followed by all nations can no longer obtain a license.
same time, he also said that the relevant management organizations in the region of fishing time required on a regular basis, the start time fishing this year in April from the previous years prior to March will greatly increase capacity.
to take the lead in creating an international not only in terms of horse mackerel, the march has taken the lead on the Antarctic. Exploration in the Antarctic krill fishing is currently the only two Chinese companies, open International is one of them. Although there is no contribution to the company's share performance, but once started a large area, it will be creating the biggest highlight of the international future.
water fisheries:
40 艘 fishing vessels throughout the Pacific
Fisheries Corporation assets into the water fisheries in the statement, a securities unit of water fisheries staff responded.
Fisheries Corporation and China are both in the water fisheries of China Agricultural Development Group, a holding subsidiary of the Spanish Las bases its command center operations, self-contained, with all kinds of fishing, transport supply ship only to the past 300, across the Atlantic (600,558, stock it), the Indian Ocean, the Pacific (601,099, stock it), the Antarctic and so on. In the background of the reorganization of central enterprises under the market that is expected to be inevitable.
water fisheries in the offshore fishing is the first company listed in the company, its two main business is fishing for tuna and squid. For companies engaged in offshore fishing, in the context of growing demand for marine fish, the most important thing is the number of ships and fishing areas. Water fisheries, a staff member said that at present the company's tuna fishing vessels over 27, while the new six are delivered. According to relevant data show that total domestic tuna fishing ship was only 400.
water fisheries and fishing areas in Argentina and the South Pacific in Fiji, the surrounding coastal waters. Argentina is the world's coastal seas tuna one of the most abundant, the world's most deep-sea fishing company in this operation. Although the first half of 2010 due to changes in ocean temperatures fisheries losses in Argentina, Peru, but the company quickly opened up fishing, which greatly expanded the scope of fishing. In the South Pacific also received a number of waters permit, and directly to the branch office in Fiji.
good masters:
leveraging the Shandong Economic Planning and then taking off the blue
the National Development and Reform Commission officially issued 7 January, development planning And the planning of marine primary industry focus is the development of modern aquaculture, fishing, industry and other proliferation, which engaged in the door for good aquaculture Alone is undoubtedly a heavy good news.
as the industry leader, good masters are ready, and its own 5 acres of sea cucumber farming area cofferdam has been in the construction of 2.6 million mu, and the second half of this year can be put into production much be released. Another company has 20 million mu of the Soviet Union Island waters as deep reserves the right to do.
its leading position.
the same time in the country
set shipping industry as shipping segments, growing faster than the traditional transport sector; small port assets into the can of
financial weekly newspaper reporter Zhu Changbin / text
CSCL last Wednesday and other shipping stocks rebound to the plate is ignored for a long time back sight.
now, the market valuation of Port, Maritime and gradually return to rational, because the bottom of the valuation in history, this plate is still investment opportunities in 2011. Shipping sector, the sub-set of transportation and special transportation industry more promising, CSCL (601866.SH), COSCO Shipping (600428.SH) is more than a good broker that is the industry's investment targets.
Cargo company worth the wait, COSCO Shipping or 4 percent increase
the past two years, the shipping freight rate volatility on stock trading opportunities have less and less.
Donghai Securities Hui that the correlation between stock price and freight index is not strong, and the secondary market for the shipping industry, the gradual convergence of market knowledge and become more reasonable, since the situation is clearly a long-term depression Therefore, short-term trading opportunities in fewer and fewer people.
Although the trading opportunities are few, but the current valuation of shares in the shipping history of the bottom part of the shares of listed companies still have the value of sector allocation, which sub-sectors of transport and special transport set more promising.
2010 年 12 months, set off-season continues the trend of shipping market, freight rates have further to fall.
However, because many companies near the end of the year for the completion of tasks and efforts to increase shipments, while indicators suggest the U.S. economy has shown signs of improvement, began to rebound in the volume of freight tariffs will be expected of stabilization .
with the good, the container shipping market will continue to have good performance,
compared to other companies within the industry, CSCL, COSCO Shipping more promising.
CSCL China Shipping Group is a single professional in the business of container shipping company, the 9th highest in the world-scale capacity, accounting for domestic liner shipping market in China more than 50% market share.
shipping stocks overall poor performance last year, while CSCL has a high growth performance was, although not reflected in its share price, but there are compensatory growth space.
COSCO Shipping on Jan. 7, 2011 newsletter published results, the company achieved operating income in 2010 4.41 billion yuan, profit of 3.5 billion, respectively, an increase of 13% over last year, 157%. UBS Securities to COSCO Shipping is 11.44 yuan valuation / stock price higher than the January 13 closing price of 7.92 yuan / share, a 44.4% improvement space.
oil transport industry is still optimistic,
recovery some time before
data show that the world's crude oil imports in 2010 was primarily driven by demand growth in China
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