China Merchants Holdings Pacific

[greengiraffe]

Counter party 47 is likely to be direct access foreign broker that professional traders used for passing the trade. Likely to be UBS (please correct me if I m wrong).

Through my accumulation over my last 2 months been meeting instinet, GS, UBS, MS, CSFB, BOA-ML and CLSA - literally most foreign broker.

GG

Added some shares at 89c today. Counter party 47 was on the sell side.

Yup. I confirmed it's UBS. Professional traders or instituitons?

IMHO, I stand by my experience that they are professional arbitragers. CMP has been very stable throughout the recent market turmoil and that speaks of its strong fundamentals.

As previously stated, I m more interested in the intentions of the buyers than the currently never ending flows of sellers (deemed to be professional arbitragers).

GG

[Tiggerbee]

I will be more than happy that these professional arbitragers manage to push down the stock prices to less than 80c for me to accumulate the shares at a cheaper price.

[greengiraffe]

They are deemed as riskless arbitragers hence yr scenario is unlikely to unfold since they don't operate like retail guys... moreover their margins are razor thin so don't expect them to be rambos.

GG

I will be more than happy that these professional arbitragers manage to push down the stock prices to less than 80c for me to accumulate the shares at a cheaper price.

[Dividend Warrior]

I will be more than happy that these professional arbitragers manage to push down the stock prices to less than 80c for me to accumulate the shares at a cheaper price.

I will be happy too. This might be the very first S-Chip I add to my portfolio.

[greengiraffe]

http://www.valuebuddies.com/thread-5531-...l#pid97468

CMP appears to be an emerging company with the parent group, CMG that has been chosen by the Communist Party of China (CPC) to spearhead the only consolidation of the domestic toll road segment and future development.

The transition from a export oriented economy to a domestic consumption driven one will have good macro outlook for domestic infrastructure growth.

CMP has already become a sizable company since 1Q 2014 and investors should continued to monitor future growth and the strategies adopted to witness CMP's growth potential.

Dividend yield that results from strong cash generation capabilities are already a glowing fact.

Vested
GG

[greengiraffe]

http://www.valuebuddies.com/thread-5531-...l#pid97625

CMP is well positioned to benefit from the better spread of income amongst Chinese citizens...

[sykn]

Yes, I also read the article in the news, and I am sure it will lead to greater consumption in items such as cars. Some degree of income inequality is inevitable in any capitalist economy, but it's very interesting that whereas increasingly more of China's economic growth (albeit lower than before) lands up in the pockets of the citizens, I read of great unhappiness in the US that 95% of their citizens still feel that life is no better off now as compared to the crash of 2008, and that the bulk of US economic growth in the last 6 years has ended up in the pockets of the top 5%. That is why Obama's ratings are at an all-time low and the Republicans (including the tea party folks) may just capture the Senate majority at the November elections.

[Drizzt]

Yes, I also read the article in the news, and I am sure it will lead to greater consumption in items such as cars. Some degree of income inequality is inevitable in any capitalist economy, but it's very interesting that whereas increasingly more of China's economic growth (albeit lower than before) lands up in the pockets of the citizens, I read of great unhappiness in the US that 95% of their citizens still feel that life is no better off now as compared to the crash of 2008, and that the bulk of US economic growth in the last 6 years has ended up in the pockets of the top 5%. That is why Obama's ratings are at an all-time low and the Republicans (including the tea party folks) may just capture the Senate majority at the November elections.

you wont know how that goes. and its very irrelevant to CMP. at times we need to constraint what are the near term determinants. the far reaching metrics might be the china consumption metrics and we can block out the rest of it.

money printing creates inequality most of the time.

but if i were to draw an interesting point, it is that there seem to be a peak in driving in the USA.

[CityFarmer]

I post the article here, since more relevant.

The traffic forecast, an integral part in tolled road valuation, are partly base on GDP growth rate. IIRC, the GDP growth rate used for Jiurui Expressway was above 10%, much higher than anticipating 7.5%...

(vested)

China's auto market growth may halve to 7 percent this year: industry body head

SHANGHAI - Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.

"Personally, I think growth this year can reach 7 percent," Dong Yang, secretary general of the China Association of Automobile Manufacturers (CAAM), told reporters on the sidelines of an industry conference in Shanghai.

"The economy is slowing. The auto industry would reflect that but typically lags the economic cycle by a bit."

CAAM had forecast China's auto market, which grew by 13.9 percent last year, to expand at 8.3 percent in 2014. Dong said CAAM will not make any official revisions to its forecast.

Carlos Ghosn, head of Japanese carmaker Nissan Motor Co Ltd and its French alliance partner Renault SA , told the same conference he was still optimistic about China's outlook.

"From time to time we have slowdown ... but fundamentally I'm still very optimistic on the fact that the long-term trend in China is up and carmakers should be prepared for that," Ghosn said, pointing to China's low car ownership level compared with other major markets.
...
http://www.todayonline.com/business/chin...-body-head

[greengiraffe]

Vehicle growth rate is coming off a enlarged base... hence 7% is still considered to be healthy by international standards.

In addition, the rate of usage of vehicles must also be considered... ie the turnover or velocity of vehicle being used.

I think toll roads in China should be doing very well by international standards.

The ability to invest in Chinese toll roads are only via SOEs since foreign owned entities such as MIIF and perhaps even Hopewell have not done well in connection China toll road market.

Vested
GG

I post the article here, since more relevant.

The traffic forecast, an integral part in tolled road valuation, are partly base on GDP growth rate. IIRC, the GDP growth rate used for Jiurui Expressway was above 10%, much higher than anticipating 7.5%...

(vested)

China's auto market growth may halve to 7 percent this year: industry body head

SHANGHAI - Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.

"Personally, I think growth this year can reach 7 percent," Dong Yang, secretary general of the China Association of Automobile Manufacturers (CAAM), told reporters on the sidelines of an industry conference in Shanghai.

"The economy is slowing. The auto industry would reflect that but typically lags the economic cycle by a bit."

CAAM had forecast China's auto market, which grew by 13.9 percent last year, to expand at 8.3 percent in 2014. Dong said CAAM will not make any official revisions to its forecast.

Carlos Ghosn, head of Japanese carmaker Nissan Motor Co Ltd and its French alliance partner Renault SA , told the same conference he was still optimistic about China's outlook.

"From time to time we have slowdown ... but fundamentally I'm still very optimistic on the fact that the long-term trend in China is up and carmakers should be prepared for that," Ghosn said, pointing to China's low car ownership level compared with other major markets.
...
http://www.todayonline.com/business/chin...-body-head