Adds China Fire & Security Group (NASDAQ: CFSG), China Housing &
Land Development, Inc. (NASDAQ: CHLN), China Information Security
Technology, Inc (NASDAQ: CPBY), China Sky One Medical, Inc. (NASDAQ:
CSKI), General Steel Holdings, Inc. (NYSE: GSI), Zhongpin, Inc.
(NASDAQ: HOGS), Wuhan General Group (China), Inc. (NASDAQ: WUHN),
China Direct, Inc (NASDAQ: CDSDD)
China Southern Airlines (NYSE: ZNH, SHA: 600029, HKG: 1055) will build a new repair house for Airbus aircrafts at the airport in Shenyang, the capital of Liaoning province. The facility will cost ... more
Bank of China (SHA: 601988, HKG: 3988) has agreed to offer RMB280 billion in loans over the next five years to the government of Guangzhou, the capital of Guangdong province, to be ... more
News
Scor SE’s (OTC:SCRRY)common stock achieved our target price on 11 December 2008. The increase in price partly reflects optimism over the upgrade of the company’s financial strength rating from A3 to A2 by Moody on 04 December 2008 coupled with successful integrations of both
Agnico-Eagle Mines Limited (NYSE:AEM)announced its FY 2009 gold production and [...]
China Southern Airlines Company Ltd.’s (China Southern) common stock appreciated 43% in a single trading session on 11 December 2008 following confirmation of a RMB3.0 bn cash injection from the Chinese government in order to revive China’s collapsing airline industry. Although the common stock target price supports a BUY at current levels, we maintain [...]
More layoffs in the financial services industry and problems with the auto industry bailout sent the market tumbling to a sharply lower close with the Dow plummeting 196 points to 8565. Nasdaq slumped 58 points to 1508.
Unilever (UN), (UL) has benefited from the 'Path to Growth' strategy in terms of expanding margins, building momentum of key brands, rationalizing costs, and streamlining the asset base. Impressively, the underlying operating margin is rising despite rising input costs in the first half of 2008. In addition, the developing and emerging markets are expected to continue driving incremental topline growth. Unilever has simplified the management hierarchy whereby the dual chairman structure has been replaced by a structure comprising a single chief executive officer and a non-executive Chairman. The organizational changes will expedite decision-making, improve execution, and enhance customer focus. The one-to-one equivalence between PLC and NV shares should also improve financial[More...]
Increasing commodity prices, tough competition, little international exposure and slowing sales all mean that Tootsie Roll Industries (TR) is a troubled company that may be a takeover target, according to the Wall Street Journal[More...]
Dr Marc Faber advises to buy stocks with hopeless outlook and horrible fundamentals.One does not have to look far to see a sector which fits the criteria -airlines.
Now what is the most important thing to look for in selecting an airline stock?Earnings growth?nope revenue per passenger mile no.Right now all those facts and figures does not mean anything.Right now they are fighting to stay afloat-the most important thing is what is the risk of the airline going bankrupt?
I think ZNH is the airline with the least risk of going bankrupt as the government owns 50% stake and it controls the market and the competition.In these times of rising fuel prices,airlines would need all the help they can get and ZNH is well positioned that way.
http://uk.reuters.com/article/rbssIndustryMaterialsUtilitiesN... The report is not encouraging at all and the CEO does not expect any recovery before 2009.Key points-the Olympics and Taiwan is not going to help.The yuan appreciation will contribute to the bottomline by making fuel imports cheaper. But my argument is that much of it has already been factored in-everybody knows that the airlines are in trouble.Yesterday Boeing got hit by a downgrade from order cancellations.That means less airplanes flying around which is good in the long run.Fuel prices are not going to come down any time soon so the only way out is capacity reduction and increased efficiency.We would see a lot of that in the coming years.So we are going to see higher fares going forward.That would mean only rich folks can fly in the coming years.Where are all the rich people?
"the ranks of the wealthy are growing fastest in India,China and Brazil"
The Chinese market would be big enough to keep this company afloat.In this connected world people would still need to fly.
A real threat to business travel would be videoconferencing and other tech innovations.Who knows?It is something to watch out.Every commodity bull market will end.That is something that should not be lost sight of.
According to one old Wall Street adage, "there's always a bull market somewhere." If it isn't in stocks, it's in bonds. If not bonds, then commodities. If not commodities, then real estate, or currencies, or farmland or even shotguns, and so on and so for
[More...]
JPMorgan slashed ratings on the key stocks airline companies yesterday and the stocks fell like a rock. Jet Fuel has increased 39% in the last 6 months, so it's time to short the industry and long the few stocks that will survive.
JPMorgan analyst Jaime Baker cut his ratings on seven major airline stocks, blaming uncertainty over the outcome of the proposed Delta-Northwest Airlines combination and forecasting major losses amid fears of a recession.
The industry may be redeemed if oil prices fall, he said, but he called that outcome unlikely.
"More likely, in our view, is that oil sits tight but revenue trends reverse," he said in a note. "Even a best-ever recessionary demand scenario results in a $4 billion industry loss."
American Airlines parent AMR Corp., Northwest Airlines Corp., Alaska Air Group Inc., US Airways Group Inc. and United Airlines parent UAL Corp. were all downgraded from "Overweight" to "Underweight."
Yesterday Northwest Airlines Corp. was among the sector's biggest decliners, dropping $1.17, or 9.6 percent, to $11.06. Alaska Air Group Inc. also fell sharply, falling $2.99, or 13.3 percent, to $19.51. No. 1 carrier AMR lost 89 cents, or 8.3 percent, to $9.78.
Baker also downgraded Continental Airlines Inc. and Delta Air Lines Inc. from "Overweight" to "Neutral." His ratings for low-cost carriers, such as Southwest Airlines Co. and AirTran Holdings Inc., remained unchanged.
Southwest, which Baker rates "Neutral," said Tuesday it suspended three employees and hired an expert to review maintenance procedures after the company was accused of flying planes that missed key safety inspections.
Here are the top 20 Airline stocks by market cap, happy trading.
The industry may be redeemed if oil prices fall, he said, but he called that outcome unlikely.
