I thought I would point out, after my Chinese beer market piece, that Tsingtao today announced a 68% rise in 1H09 profits, backed by a 12.9% increase in volumes. This helps support my argument that Tsingtao is very well positioned to take advantage of significant unrealized potential within the Chinese beer market. Tsingtao’s leading foreign […]
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Equity Markets
I noticed an unusual rally in DryShips (DRYS) today, which closed up an astonishing 13.6%. At first I attributed this advance to positive sentiment stemming from better than anticipated new home sales, coupled with speculation over the company’s earnings data and a higher BDI, but after looking at the performance of the rest of the […]
Kicking of the 2Q09 earnings season Alcoa (AA) reported a loss yesterday of US$0.26/share compared to analysts’ average estimate of US$0.38/share. The company accredited the better than expected result to workforce reductions and production cuts. CEO Klaus Kleinfeld said in a statement, “Alcoa has the staying power and reduced cost base to withstand the most […]
If anyone is interested here is a piece I recently published on H1N1 for a patient advocacy group: http://patientsandpatents.wordpress.com/2009/06/02/a-historical-view-of-flu-pandemics-a-reason-to-remain-vigilant/ Additionally, if you find that interesting you may also enjoy this supplemental piece, which highlights companies that could benefit in the unfortunate event of a H1N1 resurgence.http://news.newamericamedia.org/news/view_article.html?article_id=38fadb7a58ef4addc245a451e474b8a1
A while back I created an excel file that tracks the conditions of global sub-indices. Essentially, I took over 600 sub-indices from around the world and I broke them out by best and worst performing over the past 6 months, P/E and P/B ratios, and dividend yield. I extracted the 15 best and worst performing […]
Quite a few readers have been wondering whether the relatively high P/E valuations of China’s equity markets were justified. This is my response: I would say that type of PE valuation is reasonable for most of the Chinese companies. As everyone knows, growth in China has been very robust over the past several years, and […]
Overview: Chinese Mengniu Dairy: China’s Mengniu dairy was founded in 1999 by a group of seasoned dairy market professionals previously employed by the state-owned Yili Dairy. Mengniu began trading on the Hong Kong Stock Exchange in June 2004. Our DCF based price target is currently HKD26.16: Given Mengniu’s historically strong growth, its ability to generate […]
China’s robust economic growth has led to significant increases in wealth, which has ultimately led to a shift in consumer preferences. This shift has been especially realized in the food and beverage industry. Chinese caloric intake has increased substantially over the past decade, and will continue to climb likely doubling over the next decade. The […]
As an additional follow-up to my ADR series, I am going to take a look at the Chinese and Hong Kong healthcare sector. There are 6 key Chinese and Hong Kong ADRs within the GICS healthcare sector: Mindray Medical International (MR), Chine Medical Technologies (CMED), Wuxi PharmaTech (WX), Simcere Pharmaceutical (SCR), 3SBio (SSRX), and Tongjitang […]
As a follow-up to my energy sector ADR piece I am going to take a look at the Chinese and Hong Kong Financial sector ADRs. There are 3 Chinese and Hong Kong ADRs within the GICS financial sector: China Life Insurance (LFC), E-House (EJ), and Xinyuan Real Estate (XIN). Chinese & HK Financial Sector ADRs […]