The Haney Group is closely following the progress of the expanding influence of China Merchants Holdings International Ltd, expanding throughout China, Hong Kong and Sri Lanka.
The Haney Group a boutique equity research and management firm based in Hong Kong founded by a diverse private wealth consortium of financial professionals, with a combined knowledge of the stock markets, tax legislation, legal compliance and market analysis priding themselves in giving the very best service to their institutional investors, high net worth individuals and private investors today.
CMHI are one of China’s largest companies focusing on their port and port-related businesses in China’s mainland, Hong Kong and overseas. CMHI have established the most comprehensive port network in the major coastal regions in mainland China these include areas in the Yangtze River Delta, the Pearl River Delta, the Bohai and Xiameny Economic Zones, and the Southwest region. They are also involved in strategic investments and operating rights across the coastal hub ports of Hong Kong, Shenzhen, Qingdao and Zhanjiang to name just a few. Just in the last few Days they have opened their new US$500 million Container Terminal in Colombo, Sri Lanka.
“Here at The Haney Group we understand the significance of this move by CMHI and understand this is a new trend amongst the larger Chinese companies to expand and help others in the region to also take advantage of the growth and potential growth in the coming years. Their current share price stands at HK$24.00 and is going to see a lot of interest as investors are now looking beyond their normal remit of European holdings,” announced David Roberts, the Senior Vice President of Mergers and Acquisitions at The Haney Group.
The Colombo Container facility was opened by Sri Lankan President Mr Rajapaksa, this terminal will handle 2.4 million containers a year, increasing Colombo’s capacity by almost half. The terminal was built and will be operated by CMHI as one of many overseas investments being made by CMHI as they expand their influence around Asia.
The Haney Group analytical research reported that last year CMHI handled 60.21 million TEUs (Twenty-Foot equivalent units) giving an increase of 5.1% from 2011. The total bulk volume handled was 327 million tonnes a rise year on year of just less than 1% thus making CMHI the third largest port operator in the world today with the addition of their new Colombo operation in Sri Lanka.
Sri Lanka has just come out of a 30-year long war, experts and analysts everywhere predict double digit growth for the next few years in Sri Lanka. It all looks very positive that CMHI’s growth will continue in the right direction, accelerating in the coming years.
“The Management here at The Haney Group has looked at the fundamentals of China Merchants Holdings International Ltd, predicting a good foretold revenue stream for the forthcoming future, they have and continue to take advantage of the region’s continuing growth. The group’s directors and decision makers within the company have a clear vision of where the company is projected to be by 2015, we are working on a strategy for clients and investors to best enter this investment vehicle,” added David Roberts, the Senior Vice President of Mergers and Acquisitions at The Haney Group.