China Stock #4 – Universal Travel Group (UTA)
As China’s economy grows at a breakneck pace, the new, cash-rich Chinese middle class has taken flight — literally. Providing the travel
arrangements for this newfound class of Chinese travelers is Universal Travel Group (UTA). The company
provides domestic and international airline ticketing services, along with cargo transportation agency services. But it’s not just flights that
UTA helps citizens book.
The company also provides hotel reservations, tour planning, ground transportation, railway and express delivery and air delivery services. UTA
is the travel agency in China, and considering the shares have booked a 395% gain so far in 2009, it certainly seems like the sky is the limit
- Poll of the Day