Chinese exports surge by 46% in February … imports skyrocket upwards by 45%. The Chinese economy has been a two-headed growth story, but up until now, the export side of the economy has been mired in a recession. The new combination of strong domestic consumption and a strong export economy is going to propel China back to 10%-plus growth rates. Many companies will thrive, but the surest winners are the companies that transport the goods and materials across the Pacific Ocean.
View the video to hear my top three shipping stocks, so you too can haul in your own container of profits.
Best wishes,
Tony
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{ 5 comments… read them below or add one }
China Merchants Holdings Interntl Co Ltd Pink OTC: CMHHY (very thinly traded)
China Cosco Holdings Co Ltd Pink OTC: CICOF (thinly traded)
China Shipping Development Co Ltd Pink OTC: CSDXF (very thinly traded)
As always, I very much appreciate your expert advice. ….Pete……..
I checked all (3) of Tony’s suggestions and found that they all have been flat since June 2009. Up and down a bit since then, but as of yesterday, basically right where they were at the beginning of June a year ago. Thanks, David for the pink sheet OTC symbols and for the trading volumes.
Tony, are you telling us that these (3) are about to break upwards? With all the increasing Chinese import/export activity you told us about, I’m surprised that they haven’t done so already.
On Yahoo news just saw an image of HOnda’s next generation refuealing station . . . Is this still on topic since it is Asian. . . ?
How bout that Craig Ferguson? Saw his show on the Beau Rivage Ship over waters in MS.
“A driver uses Honda’s next generation solar hydrogen refueling station prototype, which began operating today at the Los Angeles Center of Honda R&D Americas, Inc., in Los Angeles, in this photograph taken and released on March 12, 2010. The Japanese auto giant believes hydrogen fuel-cell vehicles offer the best long-term alternative to fossil fuels and the company showed on Friday a refueling breakthrough that it says points to a home version down the road. REUTERS/Honda/Handout (UNITED STATES – Tags: TRANSPORT SCI TECH SOCIETY BUSINESS ENERGY)”
Tony:
Your logic is right, it SHOULD be this way. Unfortunately it isn’t. First on the imports into China being up, yes you are right, but the these materials are not shipped in containers, but rather they are raw materials shipped in bulk,, coal, ores, scrap et.al.
On the export side, yes the container travel is up over a very bad last year so the percentages while great are now at the same levels they were in 2008. These Chinese Lines, COSCO and China Shipping, do not hold a firm grip on market share, they are just players in market that is suffering from over capicity.
China Merchants may be a good play, but the volumes are not as great as other ports in the Hong Kong, where a ocean will change to another close by port for anytype of lower cost nor do they come close to Shanghai.
Old story in the freight biz if your want to become a multi millionaire in the shipping busiess start out with a Billion.