Filed under: International markets, China, Stocks to Buy
I’m sure there will be millions of people watching and participating in the 2008 Olympics set to take place in Beijing, China. That got me thinking: everyone knows that the Chinese investment giant is just beginning to wake. Yes, things are frothy now and growth is almost never linear. There will be bumps along the way as China grows and some people will make a mint, while others lose their shirts.
I’m looking to make a mint. So, how to play China into 2008? I came up with two stocks to help vault investors into the 2008 Olympics.
Ctrip.com (NASDAQ: CTRP): China’s leading online travel services provider, Ctrip is probably the most engaging pure play on the Chinese internet making a run at the traditional economy. With 57% marketshare, this company is poised to be the leader in any consolidation that occurs in the online travel space. Bear Stearns’ analysts expect Ctrip to grow its revenues at an average of 40% over the next three years based upon:
- China online travel accounting for <1% of the total travel market in 2006
- The Olympics will naturally act as a showcase for inbound tourism into China
- Rising GDP and income levels should contribute to growing demand for both business and leisure travel
- The Chinese government is mandating a transition to e-ticketing
Continue reading Two China stocks to play into the 2008 Olympics
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