China Merchants Holdings Pacific

[Drizzt]

If you rewind way back to 1980s - the stock market cycle has been a predictable 10 years - 3 sharp bears and 7 grinding bulls starting from 1987, repeated in 1997, 2007 for different reasons.

The world is far from a perfect place currently with US being the sole bright spot in terms of recovery with Japan chasing with similar copycat policies.

China is unlikely to be the leadership in this cycle. It has to pay for the price of "cheating" - IMO, new leadership means changes. However, with the "bad" track record in the most recent past, it will take time to heal wounds and if they do it well, it will turn out to be a next stock market cycle story - when most have written off and where most likely are to be uncovered - where you can find a few nails in a rotten ship.

For the time being - CM Pac and probably the CM Group are likely to chosen group in representing Chinese "GLC" both domestically and overseas. If I m not wrong, CM Group made a foray overseas recently and just on that alone, its a sign of strength for the group alone.

Ever wonder why stock mkt globally continued to do so well notwithstanding all the troubles? No prize for guessing - the power of $ and the inability of central bankers to solve ongoing problems.

Sounds convincing
confident GG

thanks GG. lets hope the earnings dont throw any surprises

---

From What I know, Number of china's car growth is still at double digit even thou the economy is slowing down.. Shd provide some support for cmhp earnings..

i think one trend is as cost of production increases, china will need to reply on internal consumption and affluence will have to rise. with that car ownershihp.