Companies to benefit from China currency re-valuation

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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