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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: D. K. G. who wrote (6936)	2/25/2005 1:11:45 PM
From: Sergio H	Respond to of 23958

Hi DKG. Definatly a YEEHAW! Lots of institutional buying over the past two quarters.

To: D. K. G. who wrote (6936)	3/7/2005 1:05:25 PM
From: Sergio H	Read Replies (3) \| Respond to of 23958

CRNS continues running. Maybe getting a little help from CIMC: SHANGHAI -- China International Marine Containers (Group) Co. said its 2004 earnings soared as sales volume and container prices surged on a global economic recovery. The Shenzhen shipping-container maker said net profit rose to 2.39 billion yuan ($289 million) from 682.7 million yuan in 2003. Earnings per share rose to 2.37 yuan from 1.08 yuan in 2003. CIMC's core revenue rose 93% to 26.57 billion yuan in 2004, as container prices rose 40%. However, the strong earnings growth isn't likely to be repeated this year as economic recovery slows and rising steel prices squeeze the company's profit margins, analysts say. CIMC, part of marine conglomerate China Ocean Shipping (Group) Co., or Cosco, acknowledged as much. "It's normal if our earnings growth in 2005 slows down, as there's ups and downs in business development. It's unlikely to keep up a 250% growth every year," CIMC President Mai Boliang said, in an online conference about its earnings. "Year 2004 saw the global economy grow at its quickest pace in [the past] 30 years and an 8.8% growth in trade...leading to strong growth in the global container transportation market," CIMC said in its annual report. The company said it expects demand for containers to be relatively stable this year. Last year, CIMC produced 1.64 million 20-foot-equivalent units, or TEUs, of containers, up 41% from a year earlier. It sold 1.57 million TEUs in 2004, up 34%. "It's almost mission impossible for the company to record another threefold surge this year, and steel price is the largest uncertainty," said Huang Yizhi, an analyst at Haitong Securities in Shanghai. He expects CIMC's net profit growth will slow to around 15% for 2005 as well as 2006. Analysts said steel prices will rise between 10% and 20% this year because of increases in iron-ore prices, resulting in higher costs for CIMC. CIMC's yuan-denominated Class A shares edged up 0.6% Friday to end at 27.12 yuan, while its Hong Kong dollar-denominated Class B shares gained 0.8% to HK$21 (US$2.69). The price of both shares has more than doubled from levels at the end of 2003.