Port Terminal and Port Operator Stocks (September 2024)
The recent Panama Canal and Red Sea issues, along with the disruption of supply chains caused by the coronavirus pandemic, highlight the critical importance that ports and port terminals play to global trade and individual company operations. And other geopolitical concerns, as Newsweek points out, are growing.
📰 China’s stakes in world ports raise concerns about its political influence (Newsweek) October 2022
furthermore, Vulcan Materials Company (NYSE: VMC)Mexico, the largest producer of construction aggregates in the U.S., has had a long-running dispute over port facilities critical to its operations, and the dispute has recently escalated.
📰 Mexico Seizes Vulcan Materials Port Facility: Britt Calls Action ‘Unlawful and Unacceptable’ (AL.com) March 2023
Vulcan said in a statement: AL.com The company has been involved in NAFTA arbitration with Mexico since late 2018 in relation to its Mexican investments, including the Sac-Tun (Calica) limestone quarry near Playa del Carmen.
The Mexican government said it was negotiating a $1.1 billion settlement of a lawsuit filed by Vulcan over its attempt to close the quarry in 2022. Reuters reported.The status of that lawsuit was unknown Sunday night.
Lopez Obrador accused the company of extracting the material without proper permits. Bloomberg News reports.
📰 Vulcan Materials says it will fight AMLO’s land expropriations in Quintana Roo. (Mexico Daily News) September 2024
And needless to say, ports and port terminals are places where governments and corrupt officials (or their friends) can make a lot of money if they get their hands on them. for example: The Philippines is growing Onion smuggling problem:
📰 In the Philippines, onions are so expensive that they are smuggled. (CNN) January 2023
📰 As onion smuggling soars in the Philippines, the necessity becomes a luxury. (Guardian) January 2023
📰 Can the Philippines crack down on rampant agricultural smuggling from China? (SCMP) January 2023
📰 BOC Seizes P153 Million Worth of Smuggled Onions at Manila Port (PNA) January 2023
📰 100 tons of smuggled onions seized in Manila (Inquirer) December 2022
When I lived in Manila a few years ago, I read an article (couldn’t find it on Google…) about containers of onions being left rotting and stinking all over the Manila port because the legitimate importers or smugglers weren’t paying them enough. bribe The mission to free the containers. The high-ranking customs officials drove in and out of the port area in air-conditioned cars driven by chauffeurs and worked in air-conditioned offices with the windows closed, so they were completely oblivious to the increasingly foul smell (but everyone who lived and worked in the port area did). This is a symbolic example of how out of touch the elite and government officials are with reality in a country…
How to Get Packs into Port Stock: This post covers: Stocks in over 60 port operators – some of which are involved in operating ports or port terminals as part of their business. For example, the Brazilian mining giant valley (NYSE: valley) Operates ports or terminals in Brazil and other countries (e.g., in Malaysia there is the Teluk Rubiah Maritime Terminal (TRMT), which links Brazilian mines to Asian markets) and in Western Australia BHP Group (NYSE: horsepower) There is a terminal facility at Port Hedland (if you visit north of Broome you can see the ore trains for miles on the way there…).
Please note that many port or port terminal operators and players are traded on stock exchanges. This information may not be readily available to the average investor (e.g. Interactive Brokers) as they primarily operate major ports in each country (e.g. Cambodia, Morocco, Egypt, Bahrain, Oman, UAE, Romania, Chile, Peru, etc.) and the stocks of these port or port terminal operators are mostly listed locally. These ports can be a barometer of local economic activity.
Some Chinese port operators also appear to be involved in manufacturing equipment for port operations. Otherwise, I only know of one European stock that focuses on this niche (i.e. heavy-duty or container handling equipment).
The rest of this post follows:
A brief description of the stock, including links to the IR page and stock quote from Yahoo! Finance.
A link to a Wikipedia page (if it’s worth it…)
Price/book value ratio (most recent quarter) and expected or trailing P/E, and dividend yield linked to Yahoo! Finance statistics page.
The latest long-term technical charts are linked from Yahoo! Finance.
All stocks that have not yet been tagged and added to the index page have also been added.
And as always, this post Provided for informational purposes only. (and to make your life easier by providing relevant information, links and charts). This does not constitute investment advice and/or recommendation…
COSCO SHIPPING PORT LIMITED. (Hong Kong: 1199 / turn off: korean: /OTCMKTS: korean: / korean:) is the world’s leading port logistics service provider, with a terminal portfolio covering five major port regions in China, Europe, the Mediterranean, the Middle East, Southeast Asia, South America and Africa, as well as the middle and lower reaches of the Yangtze River. As of December 31, 2023, COSCO SHIPPING Ports operated and managed 371 berths in 38 ports worldwide, of which 224 were containers, with an annual handling capacity of approximately 123 million TEUs.
subsidiary company COSCO SHIPPING HOLDINGS (Hong Kong: 1919 / shaman: 601919) and its parents COSCO Transport Group It is one of the largest liner shipping companies in China and will become one of the largest dry bulk shipping companies in the world.
Wikipedia
Price/Book Value (most recent quarter): 0.37
Expected P/E: 6.09 / Annual Dividend Yield Outlook: 6.10% (Yahoo! Finance)
Yanyun Port, Jiangsu Province corporation (shaman: 601008) It is engaged in the transportation of iron ore, coal, non-ferrous ore, laterite nickel ore, steel, plywood, mechanical equipment, grain, alumina, coke, etc.; leasing and maintenance of port machinery, facilities and equipment; manufacturing, installation, maintenance and repair of mechanical and electrical equipment; manufacturing and sales of tool rigging. The company also provides facilities and services for passengers waiting for ships, ship boarding and disembarkation, port cargo loading and unloading, warehouses, general cargo, bulk packaging, inventory and port management services. It owns 28 general and specialized berths. Jiangsu Lianyungang Port Co., Ltd. Lianyungang Port Group Co., Ltd.
Price/Book Value (most recent quarter): 1.07
Tracking P/E: 23.00 (no forward P/E) / Annual Dividend Yield Outlook: 1.45% (Yahoo! Finance)
Jiangsu Wanlin Modern Logistics Co., Ltd. (shaman: 603117) It was established in June 2011 by changing the entire establishment of Jiangsu Manlin International Wood Co., Ltd. according to the law, with a registered capital of 350.5 million yuan. It is not only a key logistics enterprise in Jiangsu Province, but also a demonstration enterprise for the development of manufacturing and logistics industry.
Wanlin is located in Xingang District, a highly developed Yangtze River Delta economic zone. It is connected to Shanghai, Suzhou, Wuxi, Changzhou and Nanjing, and the transportation of Wanlin is very convenient and unobstructed by the Yangtze River, Beijing-Shanghai Expressway, Shanghai-Nanjing Expressway, Yangtze River Expressway and Xinyi-Changxing Railway. In addition, Wanlin also has advanced logistics infrastructure.
The subsidiary Jingjiang Yingli Port Co., Ltd.It is located 752 meters along the Yangtze River coastline, covering an area of ​​1,000,000 square meters. It also owns three multi-purpose deep-sea wharves, timber warehouses, steel futures delivery warehouses and logistics distribution facilities. It has been listed as one of the top ten import timber ports in China by the China Wood and Wood Products Distribution Association.
Since its establishment, Wanlin has focused on the comprehensive logistics services of timber imports. According to the industrial status of the parent company-subsidiary, it is an important domestic timber meeting discharge terminal, and combined with the professional capabilities of timber logistics and timber import agency, the company provides integrated services such as procurement, transportation agency, cargo transportation, port loading and unloading, storage and distribution, and logistics information.
Price/Book Value (most recent quarter): 2.38
Expected P/E: doesn’t exist / Annual Dividend Yield Outlook: doesn’t exist(Yahoo! Finance)
