Transport Sector, China and Asia-focused Research

Charles De Trenck

Thematic (Sector/Industry)

<p>The "new" Economic Silk Belt initiative is not new, and includes more dimensions than initially believed to have. It is a positive for China and global infrastructure plays. But other issues include continued massive movement outward of people via construction workforces as well as potential and eventual growth of military influence.</p>

The "new" Economic Silk Belt initiative is not new, and includes more dimensions than initially believed to have. It is a positive for China and global infrastructure plays. But other issues include continued massive movement outward of people via construction workforces as well as potential and eventual growth of military influence.

China's New International Political Economy

Founder

Kemp Dolliver, CFA

Cherrystone Hill Research

<p>This post is a follow-up to discuss potential follow-on impacts of Hutchison Whampoa's restructuring on the Watson's retail segment. With a deal for O2 in the works, a Watson's listing or sale could be a source of permanent funding for this transaction. As an entity with its own currency, Watson's could accelerate its expansion program. The same is true if a retailer with global ambitions buys control.</p>

This post is a follow-up to discuss potential follow-on impacts of Hutchison Whampoa's restructuring on the Watson's retail segment. With a deal for O2 in the works, a Watson's listing or sale could be a source of permanent funding for this transaction. As an entity with its own currency, Watson's could accelerate its expansion program. The same is true if a retailer with global ambitions buys control.

Hutchison Whampoa Restructuring: Next Move for Watson's? Part Two

Hong Kong

Hong Kong ChaoShang Group Limited operates an investment holding company. The Company, through its subsidiaries, operates vessel chartering, trading, money lending, factoring, and finance leasing business. Hong Kong ChaoShang Group provides services in Hong Kong.

China Aircraft Leasing Group Holdings Limited operates as investment holding company. The Company, through its subsidiaries, provides aircraft leasing services. China Aircraft Leasing offers its services throughout China.

China Aircraft Leasing Group Holdings (1848 HK)

APAC Resources Limited is an investment holding company. The Company is principally involved in investments in global resources companies and commodity trading. APAC has offices in Hong Kong and Shanghai.

Pizu Group Holdings Limited , through its subsidiaries,provides, develops, and distributes educational software in China. The Company also provides software services for management of power sales, power production and power plant.

CNNC International Limited participates in uranium products trading and other nuclear power generation projects.

Zhaobangji Properties Holdings Limited operates as a construction machinery trading company. The Company markets construction machinery products, drilling accessories, and other products. Zhaobangji Properties Holdings also provides local transportation services.

Greater China Financial Holdings Limited provides pawnshop, P2P online financial platform and financial leasing. The Company's primary business also includes securities trading, asset management, money lending and other types of financial services.

China Chengtong Development Group Limited, through its subsidiaries, has main business in properties investment, strategic investment in cement business, and trading in metal and chemical business in China.

China Strategic Holdings Limited, through its subsidiaries, manufactures and trades pharmaceutical, batteries, and related products.  The Company also invests in securities.

New Provenance Everlasting Holdings Limited wholesales and distributes mineral products. The Company provides metal minerals, ores, and other products. New Provenance Everlasting Holdings also provides industrial materials, public products, electrical appliances, consumer electronics, and other products.

SUMISEKI HOLDINGS, INC. is a holding company established through the reorganization of Sumitomo Coal Mining Co., Ltd.  The Company, through its subsidiaries, wholesales coal, cement, and industrial machinery. Sumiseki Holdings also operates truck and marine transportation services.

Orient Group Incorporation principally engages in planting, processing, marketing, distributing, purchasing, and selling cereals and oil in China. It is also involved in developing, mining, and processing gold, silver, and other mineral resources and the retail and sale of home building materials.

KAMEI CORPORATION is a trading company specializing in petroleum and gas products.  The Company also operates gas stations in Tohoku area (north part of Japan) and distributes alcoholic beverages, food, and construction material such as cement and concrete.

China National Complete Plant Import & Export Corp., Ltd. imports and exports industrial equipment and technologies, trades general merchandise, and invests in overseas operations.

China National Complete Import & Export (000151 CH)

Ideal United Bintang Berhad is an investment holding company which trades in heavy equipment and spare parts. The Company, through its subsidiaries, trades and leases heavy machinery.

Shinsho Corporation is a steel maker and trader.  The Company produces steel products, steel making materials, nonferrous metals, machinery, welding materials, and electronics products.

Japan Pulp and Paper Co Ltd distributes papers, paperboard, pulps, and paper-related products.  The Company also operates real estate business. Japan Pulp & Paper owns a network of overseas operations in Asia, Oceania, and the North America.

DAIICHI JITSUGYO CO., LTD. trades machinery.  The Company also trades various type of materials such as pipes, construction, plastics, fastener, and chemicals.  Daiichi Jitsugyo leases machinery and real estate.

Fujian Furi Electronics Co., Ltd. manufactures and markets computers and related parts, electronic products, communication equipment, household electrical appliances, electronic components, and laser products.  The Company is involved in import and export businesses, develops computer software, and provides technical services.

Mitsui Matsushima Co., Ltd. sells coal primarily in the Kyushu region.  The Company also produces construction machinery, cement, and building materials. Mitsui Matsushima operates supermarkets and real estate business as well.

CITIC Resources Holdings Limited, through its subsidiaries, operates the Portland Aluminum Smelter and sells aluminum finished products. The Company also imports and exports commodities. In addition, Citic Resources operates coal mining and exploration business.

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Citic Resources Holdings (1205 HK)

China's New International Political Economy

The "new" Economic Silk Belt initiative is not new, and includes more dimensions than initially believed to have. It is a positive for China and...

Charles De Trenck

Hutchison Whampoa Restructuring: Next Move for Watson's? Part Two

This post is a follow-up to discuss potential follow-on impacts of Hutchison Whampoa's restructuring on the Watson's retail segment. With a deal...

Kemp Dolliver, CFA

Price Gauge

52-week Range

Market Cap (USDm)

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