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Companies to benefit from China currency re-valuation

Jun. 20, 2005 9:00 AM ETCHL, CEO
Ezra Marbach profile picture
Ezra Marbach

While warning readers that investing in China is incredibly risky, Business Week offers a list of companies that could benefit from a re-valuation of the Chinese currency:

  • China Mobile (ticker: CHL). The company is China's largest wireless operator and "is considered relatively safe from a currency adjustment
    since it doesn't export".
  • CNOOC (ticker: CEO). The company is widely viewed as the most experienced and well-run Chinese
    oil producer. It could gain from a stronger yuan because oil is priced in dollars and thus would be cheaper to import. But the company might be less attractive if it successfully acquires Unocal (ticker: UCL). Merrill Lynch recently downgraded the stock on the possibility of an acquisition.
  • Honda Motor (ticker: HMC). Honda has significant exposure to China and is bolstering its car-manufacturing base in southern China. The company uses lots of parts imported from Japan.

Comment: Full article from Business Week here.

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This article was written by

Ezra Marbach profile picture
Ezra Marbach is a former investment banker who lived in Beijing in 2002-03 where he studied Mandarin Chinese and worked for a venture capitalist. Ezra previously worked for Internet-based venture capital firm UniversityAngels.com. Prior to that, he worked in the corporate finance department of Gerard Klauer Mattison, a NY-based boutique investment bank. Ezra graduated from Cornell University.

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