By Jennifer Yousfi Managing Editor One of China's most important traditional holidays, the Lunar New Year, begins today (Thursday) and millions will be celebrating the first few days of the Year of the Rat. China's bourses will be closed today and tomorrow (Friday) in honor of the holiday, providing investors who usually only follow the [...]
Yum! Brands Sales Are Strong in China, But Weak in the States
By Jennifer Yousfi Managing Editor Yum! Brands Inc. (YUM), owner of the familiar KFC, Taco Bell and Pizza Hut brands, announced flat fourth-quarter earnings, with strong international growth – particularly in China – offsetting weak domestic results. "I am pleased to report that we ended our first decade as a public company in 2007 by [...]
World Bank Says China's Economy to Slow, But "Still Strong"
By Jennifer Yousfi Managing Editor The World Bank has lowered its growth forecast for China's economy in 2008 – from 10.8% to 9.6% – due to a global economic slowdown, which could threaten China exports. "The world economy is going to be weaker, and this will have an impact on China," said Louis Kuijs, a [...]
China's Nightmare Snowstorm Signals More Economic Expansion with Investment Opportunities Still to Come
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Tens of millions of people were heading home for the Chinese New Year late last week, as they do every year. But this year, an estimated 77 million people were effectively stranded by a record-setting snowstorm that essentially cut the country in two. It was [...]
Bank of China Denies Reports of Loss, Affirms 2007 Was a Profitable Year
By Jennifer Yousfi Managing Editor Bank of China Ltd. (PINK:BACHF) is denying earlier claims that it would report a loss for 2007 due to a potential $8 billion in write-downs resulting from exposure to subprime U.S. mortgage assets. "The Directors wish to clarify that the views expressed in the article are unfounded, and the Bank [...]
The Politics of the "Two Chinas"
By Martin Hutchinson Contributing Editor In 1949, just a few short years after the end of World War II, the armies of Chinese revolutionary leader Mao Zedong moved into Shanghai and the existing Chinese government under Chiang Kai-shek decamped to Taiwan. Under Zedong, China pursued hardline Communism for the next 30 years, with limited liberalization [...]
Four Ways to Profit From the "Other China"
By Martin Hutchinson Contributing Editor China's Shanghai SSE Composite Index soared 97% in 2007, and is trading at 30 times earnings. Taiwan's TSEC Taiwan 50 Index was up 7% in 2007, and is trading at 13 times earnings. Yet the Kuomintang victory in Taiwan's just-completed legislative election yet again demonstrates an important truth: Taiwan is [...]
SK Telecom Shares Soar On Billion Dollar China Investment
By Jennifer Yousfi Managing Editor Shares of Korea-based SK Telecom Co. Ltd. (SKM) had a great trading day yesterday [Tuesday] based on returns from its shrewd investment in China Unicom Ltd. (CHU). Hong Kong-listed China Unicom had a 6.6% gain after a local newspaper reported China's government had approved a restructuring plan for the country's [...]
Auto Industry moves to India and China
By Martin Hutchinson Contributing Editor India's Tata Motors Ltd. (TTM) last week unveiled its "one lakh' Tata Nano, an automobile that will sell for one lakh [100,000 rupees], or just over $2,500. That price undercuts Tata's Indian competition by about 30%, and is certain to add to the company's market share even as it causes [...]
Money Morning Investment Director to Lead Two-Week Investor Tour of China
By Mike Caggeso Associate Editor Money Morning Investment Director Keith Fitz-Gerald relies upon a simple-but-powerful mantra: "Go global or go home." To help spread that message, this April, Fitz-Gerald will be leading a two-week investment tour of China. Participants who sign up to accompany the noted Asian-investing expert will head home with cutting-edge insights on [...]