(Bloomberg) -- As wealthy Chinese clog Beijing and
Shanghai's roads with new cars, the best place for investors to
profit from the country's automobile boom may be Hong Kong.
Shares of Chinese car-parts makers listed in Hong Kong,
including Weichai Power Co. and Norstar Founders Group Ltd., are
poised to rise even more as domestic auto sales soar and
Volkswagen AG and Nissan Motor Co. buy more Chinese-made
components. The shares sell at an average of about 30 times
earnings, 79 percent lower than mainland-listed parts makers,
even after some of them have more than doubled in value this year.
Read more at Bloomberg Emerging Markets News
Shanghai's roads with new cars, the best place for investors to
profit from the country's automobile boom may be Hong Kong.
Shares of Chinese car-parts makers listed in Hong Kong,
including Weichai Power Co. and Norstar Founders Group Ltd., are
poised to rise even more as domestic auto sales soar and
Volkswagen AG and Nissan Motor Co. buy more Chinese-made
components. The shares sell at an average of about 30 times
earnings, 79 percent lower than mainland-listed parts makers,
even after some of them have more than doubled in value this year.
Read more at Bloomberg Emerging Markets News
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