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MORGAN STANLEY: Here Are 9 Awesome Chinese Stocks You Can Buy In The US (CHL, CEO, PTR, CHU, LFC, SNP, YZC, ACH, CHA)
The Global Equity Strategy team at Morgan Stanley just released a report titled The Best Global Opportunities To Position For China Recovery.
The analysts provide multiple lists of stocks with varying characteristics. One interesting list consisted of American Depository Receipts (ADRs) of Chinese companies — that is, Chinese companies that trade on U.S. stock markets.
Morgan Stanley identified nine listings of ADRs of Chinese companies with sufficient daily liquidity, which means that each stock is easy to trade in the market.
China Mobile Ltd.
Ticker: CHL
Sector: Telecom
Description: China Mobile services the world's largest mobile customer base -- nearly 650 million -- on the world's largest mobile network. The company is a collection of over 30 subsidiaries. In 2011, annual operating revenue rose by 8.8%. The 3G Customer Base is the fastest-growing group of customers and looks to drive future revenues.
Sources: Morgan Stanley, China Mobile Ltd.
CNOOC Ltd.
Ticker: CEO
Sector: Energy
Description: CNOOC is China's largest producer of offshore crude oil and gas, producing 909,000 BOE per day in 2011. The company engages in exploration, development, and production of these energy sources. Net production rose by 8.3% from 2Q to 3Q this year. Over the past five years, revenues have more than doubled.
Sources: Morgan Stanley, CNOOC Ltd.
PetroChina Co. Ltd.
Ticker: PTR
Sector: Energy
Description: PetroChina is the country's largest oil and gas producer and distributor, and sees expanding its overseas operations as a future driver of revenues. PTR boasts assets of over $2 trillion (RMB) and produced 452.4 million barrels of crude oil over the 1H 2012.
Sources: Morgan Stanley, PetroChina Co
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