Top China Stock –
Orient Paper (ONP)
Picked by: Robert Hsu, editor of China Strategy
Strategy: The hottest Asian stocks
There has been a lot of talk about a “China Bubble” in recent months, but don’t believe it. The fact is that after some breakthrough
growth, Chinese equities are experiencing a restructuring where the average and below average stocks are falling away — while the hottest stocks
are still going strong. One of my favorite China picks right now is Orient Paper (ONP), the leading supplier of corrugated paper
products in Beijing and other nearby cities in northern China. Since exports are a huge industry in China, the need for packaging is tremendous — and
ONP is one of the best stocks to profit from this opportunity. While it’s true some China stocks were overbought over the last year, that is
not the case for ONP. The company’s revenue for full year 2009 was up a whopping 56.7% to $102.1 million, compared to $65.2 million in 2008 and $39.7
million in 2007. That’s growth any company in any region should be proud of.
7 Low-Risk Investment Strategies for June
Article printed from InvestorPlace Media, http://investorplace.com/2010/05/top-stocks-to-buy-investment-dps-mrk-bkcc-onp-wbmd-prst-stm/.
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