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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1933)	12/12/2003 12:13:03 AM
From: RealMuLan	Respond to of 6370

China Merchants a hot favourite (HONG KONG) Container throughput in Shenzhen's three main terminals is expected to surpass that in Hong Kong's Kwai Chung in 2005 as more shippers in the Pearl River Delta shift to the closer and cheaper Shenzhen ports. The continued container traffic growth in China's booming Shenzhen will benefit transport and ports conglomerates, with China Merchants Holdings (International) expected to benefit the most, according to US investment bank Merrill Lynch. 'Based on our 2003 estimates, China Merchants is most sensitive to port earnings, followed by Cosco Pacific and Wharf Holdings,' Merrill said in a research report. Shares of China Merchants, a major investor in Shenzhen ports, have risen 11 per cent in the past three months. Merrill said it expected Kwai Chung, which accounts for about 60 per cent of Hong Kong's total throughput, to move about 12.9 million twenty-foot equivalent units (TEUs) of goods in 2005 and the major terminals in Shenzhen to handle 13 million TEUs. business-times.asia1.com.sg