PanAsianBiz

China Cosco Shares Double

by BBelew57 on June 27th, 2007

I never learned to play the stock market. I think the key word is 'play.'

I can't mentally make the connection of playing with money. It might also have a lot to do with why I am trying to make a lving blogging instead of sitting fat and happy somewhere.

When Chinese companies go public…they do it in a big way.

"Shares of China Cosco Holdings Co, Asia's largest container line, nearly doubled in their Shanghai trading debut."

Imagine investing $100K in the morning and it being worth $200K in the evening.

Somebody is surely happy about this turn of events.

Container shipping is China Cosco's core business, making up 90% of its revenue.

The annual capacity growth rate for global container

ships is forecast at 12%…and at least 7%.

Does that mean Cosco will make from 7-12% each year for the next three years?

If I knew the answer to that, I would invest in the company.

Do you play the stock market? 

Share This

POSTED IN: Doing Business in China