China supports Hong Kong’s access to the China-ASEAN Free Trade Zone (FTA) as it facilitates the economic integration of the southeastern Asian nations, said the Chinese Minister of Commerce Chen Deming here.
Chen made the remarks when speaking to the media at the sidelines of the on-going 44th ASEAN Economic Ministers Meeting in Cambodia’s tourist City of Siem Reap.
Chen said that Hong Kong’s access to the FTA is listed as one of the widely discussed topics during the ministers’ meetings. Some of the ASEAN nations had voiced their desires to initiate the negation about Hong Kong’s entrance.
“Hong Kong is a very important economy in east Asian area in terms of trade and investment,” said Chen, adding, “its access to the China-ASEAN FTA will positively facilitate the regional economic integration.”
According to Chen, Hong Kong’s economic advantages lie in its investment environment, strong service industry and its ability to develop the international market.
Best Buy
Trai Thien USA Inc (PINK:TRTH)
Trai Thien USA is a fast-growing Vietnam-based dry bulk shipping company operating a 21,990 DWT fleet comprised of six geared bulk vessels specializing in providing ocean transportation services for raw material input items such as coal, ore, grain, lumber, cement, steel and fertilizer throughout the Southeast Asia region.
After China, the primary sources of future bulk demand are India, Brazil and Vietnam. The region contains three of the four global BRICs (Brazil, Russia, India, China), seen by economists as the future growth leaders in the world economy.
The Asia Pacific region accounts for 60% of the world’s population and almost 70% of world sea-borne trade in bulk commodities.
In order to meet anticipated continued growth in demand from an expanding base of overseas and domestic Vietnamese customers, as well as to expand the geographic regions that it can service to include potentially more profitable routes in East and South Asia.
The Company’s Vietnam-based operations are located in Ho Chi Minh City, which together with the surrounding areas, accounts for more than seventy percent of Vietnam’s total annual cargo traffic.
Pink Sheets TRTH
Current Price $0.51
Current PE 4.19
Revenue Growth 148%
Target Price 2013 $3.40
HCM Rating Strong Buy
Financial Highlights
The emerging economies of the Asia Pacific (ASEAN) region will continue their growth pattern despite the continuing financial crisis in Europe according to the Asian Development Bank.
Free Trade Agreements including ASEAN, AFTA, CAFTA, ASEAN +3 will more than triple regional trade.
• Year-end 2011 revenues increased over 20.9% as compared to the previous fiscal year, from $12,232,991 in 2010 to $14,794,939 in 2011.
• Income from Operations increased over 148% from 2010 to 2011, from $1,051,543 to $2,615,000
• Net Income increased from a loss of $539,452 in fiscal 2010 to a positive $1,377,391 in 2011.
• The Company is operating a 21,990 DWT fleet comprised of six geared bulk vessels specialized in providing ocean transportation services for raw material input items such as coal, ore, grain, lumber, cement, steel and fertilizer throughout the Southeast Asia region.
The HCM Trade Forecast is predicting that world trade will grow by 73% in the next 15 years, with merchandise trade volumes in 2025 hitting $43.6trillion compared to today’s $27.2trillion.