Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks for posting here Hokie, SXPT looks to be a nice up and coming play imo
Great DD! Sino's story gets better by the minute.
Sino listed here:
http://www.itravelsys.com/business.htm
This is huge news..
for Sino:
Sino Express ties up with Wing On
Tuesday, December 06 2005 @ 03:54 PM GMT
Sino Express Travel is entering into a strategic alliance with International Travel Systems Inc. (ITS), a wholly owned division of Wing On Travel (Holdings) Limited.
Wing On is one of the largest Asian travel companies listed on the Hong Kong stock exchange.
ITS will offer its B2B trading systems to Sino's hotel rooms resellers and to enhance Sino's online travel booking system www.v222.com.
Xia Chen, CEO of Sino Express Travel commented, "The ITS trading platform will provide our resellers with real time pricing, availability and analytic information on our hotel rooms inventory. The revamp of our online hotel and flight booking site will significantly enhance our service offering for our clients."
This partnership makes Sino Express Travel Ltd the third travel operator in Asia to adopt the ITS system following Wing On Travel and China Hotel Net (CHN), two other major travel and hotel booking service providers in the Greater China region. Xia Chen further commented, "Sino Express will stay committed to its technology adaptation in order to provide more competitive services.
The technology upgrade will also provide Sino with future business opportunities with other users of the ITS system."
Sino Express Travel Limited -- www.sinoexpresstravel.com -- together with its 100 percent owned subsidiaries, GS Travel (Hong Kong) Ltd and www.v222.com , is an international travel company with operating offices in Hong Kong, Beijing, Guangzhou, Vancouver, Toronto and Seattle. Sino intends to grow its business by acquiring and operating a diversified travel business portfolio, seeking to invest in profitable travel related companies with reputable management and high growth potential. Wing On Travel is a major shareholder of Sino Express.
--------------------------------------------------------------------------------
I posted your message..
at CTRP & LONG as well. Look how small their revenues are compared to their market cap. Same field. This thing can turn into a monster. Small float to boot!
Nice find....SXPT has nothing but growth ahead of them.
Chinese Travel plays..
Is this a hot market about to develop? I think SXPT is going to benefit from this. Look at this article from yesterday:
Friday January 27, 11:58 AM
Chinese Online Travel Service to List on Nasdaq
BEIJING, Jan 27 Asia Pulse - Anticipating more travellers will use the Internet to book tickets and hotels, Guangdong China Travel Service (Holdings) Ltd (GDCTS) said yesterday it will list its joint venture online travel service on the NASDAQ next year.
GDCTS, the province's leading tour agency, teamed up with Hong Kong-listed Wing On Travel Holding Ltd (SEHK:1189) in a 50-50 joint venture to launch online travel service Travoo China Limited on Wednesday.
Travoo received 50 million yuan (US$6.2 million) investment from both parent companies. Travoo China is expected to be listed on the NASDAQ within 18 months.
Many mainland and Hong Kong travel agencies are trying to grab a slice of the mainland's rising online travel market, GDCTS said.
Inspired by last year's strong performances of Ctrip and eLong, two NASDAQ-listed Chinese online travel service providers, GDCTS and Wing On decided to follow suit.
Xu Yongsheng, director of GDCTS and chairman of Travoo China, said the new website should help customers benefit from access to hotels, car rentals and vacation packages.
Management Team...Strong group!
Peter Sung
Chairman
Mr. Peter Sung has over 30 years working experience in hotel and travel industry, he is the current President overlooking the operations of GS Travel HK Ltd, he was appointed the Chairman of Sino Express on the 1st of September 2005.
Mr. Peter Sung started his Hotel management career in 1975 as the Sales Manager of New World Renaissance Hotel, responsible for sales and banquet activities and was promoted to Regional Sales Manager of New World Int'l Hotel in 1982. He later served as the president of Reliance travel Ltd from 1984-1992, and as the president of Asia world Travel Ltd from 1992 to 2001.
Xia Chen
Chief Executive Officer
Mr. Xia Chen served as senior technical specialist at Philip Morris in
Australia since 2001 responsible for e-Commerce systems integration and CRM development. Previously he was a senior e-Commerce consultant for Dun&Bradstreet responsible for e-Commerce projects in partnerships with Australian Stock Exchange and Commonwealth Bank. He also worked as a Consultant at Siemens before he joined Dun&Bradstreet. Mr. Chen holds a Bachelor degree in Computer Science and Engineering from Monash University Australia.
Terence Wong
President of Corporate Development
Mr. (Terence) Wong Chi Tat was the founder and CEO of Sky Legend
Consulting Limited, a consulting firm focusing on mergers, acquisitions and investment consulting services. Mr. Wong also worked as the Strategic Planning Director of Magnet International Consulting Limited, a consulting firm which providing management consulting and corporate training to Chinese enterprisers and managements in Greater China Region. With over 15 years as management, Mr. Wong gained good reputation and experience from his previous position including EDP Manager of Astra Pharmaceuticals Limited(NYSE:AZN)-world*s leading pharmaceutical company, MIS Manager of the
Sunrider Corporation-world*s leading Multilevel Marketing business,
Operations Vice President of Fortune Telecom Holdings Limited
(HKex:0110)-leading distributor of mobile phones in China, Managing
Director for AstroEast.com- a JV company by Regent Pacific Group (HKex:0757) and iFuture.com Inc (TSX-V:IFU), General Manager of Top Human Technology Limited-leading Coaching Technology firm in China.
Amanda Ho
President of Travel Services (Southern China)
Amanda Ho has over 10 years of Hotel reservation management experience. In year 2000, she founded www.V222.com in Guangzhou China. Today, V222 books over 60,000 hotel room nights with 50,000 flight tickets per annum. Amanda Ho studied Foreign Languages at Ji Nan Unversity in Guanzhou.
Danny Tam
Sales Director (Hong Kong SAR)
Mr. Danny Tam has over 20 years of working experience in world wide
hotel and travel industry, He was appointed as the regional Sales Director (Hong Kong SAR) at Sino Express Travel Limited on the 15th of November 2005. Prior to this appointment, Mr. Tam served as the general manager of hotel reservation at GS Travel and prior to that Mr. Tam served as the General manager of hotel reservation at Asiaworld Travel.
Mr. Tam's academic background includes a bachelors degree in Arts,
majoring in Hotel&Catering Management and also a Higher Diploma of
hotel&Catering from Hong Kong Polytechnic University. Mr. Tam has been serving as a lecturer and certified examiner at the Hong Kong Travel Industry Council since 1999.
Acquisition Strategy *SXPT*
Sino Express Travel is an US pinksheets listed company with a corporate vision to offer a complete, flexible, hassle free and personalized travel experience to travelers all over the world. Our services are delivered via acquisitions of and mergers with reputable and established travel companies across Asia who share our vision and desire to improve their operations via long-term investments and co-operative ventures. The resulting synergy will enable these companies to realize their potential and make the leap from good acquisitions to great companies.
People
At Sino Express, we respect talent and consider their working culture and ethics to be the most valuable asset of each acquisition. Accordingly, 'People' are also the most important criteria when identifying potential acquisitions. In particular, we value innovative management and individuals with long-term visions for their businesses.
Passion
We desire to sense true business passion from our potential acquisitions' management. We believe passion translates to dedication to improvement and ultimately breed fierce competitiveness, stability, progress and optimum results.
Performance
Sino's growth and return strategy is to acquire well performing businesses and enable them to realize their potential and make the leap to being a highly contributing member of our Group. In our search for potential target acquisitions, solid "Performances" and opportunity for growth is an important criterion in our decision making process.
Potential
One of Sino's commitments is to help our acquisitions to achieve their long-term goals. More importantly, these growth plans will also have to demonstrate strong fundamentals, sound market research, defensible market position, feasibility in resources planning and high growth potential.
TZOO..
I posted your message about SXPT over on the yahoo TZOO board. TZOO has a 350 million market cap on 47 million in ttm sales. Getting SXPT to say a 100 million cap would put the share price around $2. Not far fetched being China stocks are hot and this should grow earnings well. Thoughts?
Great charts...
Thanks for updating. This reminds me of the trading on NNVC. I watched it in this area with this kind of volume then bam, it busted to $1 in no time. Plus the float here is only 1.3 million and the olympics are coming? Incredible.
Good luck all.
This week was filling the tank,checking the oil and kicking the tires on SXPT....The ride has yet to begin!
That's a great post!!
The psychology of a trade: Looking at the chart - let's say I bought at .19 back in late December. I watched my stock fall to .14, come back to .19, fall to .15, come back to .19, fall to .15 again! -
On last Friday it ran once again to .19 - now on Monday it runs to .25 and then falls back to the 50dma at .17, runs again to .25 on Tues, only to fall back to .18 by the EOD -
Wed, Thurs, Friday - pick a day - I'm sick of watching my profits fizzle - time to get outta this junk! So I sell at somewhere in the .23-.28 neighborhood - wow a 21-47% profit - no complaints.
QUESTION ?? Who did I sell to? Right! A new SXPT owner starts the whole process again. You aren't gonna shake him out at .25 !!
And that's just one scenario. And just one reason I think we should start thinking .37
4God
SXPT annotated chart:
Note: The PBV indicates more buyers than sellers at this level - that translates to "Holders" - i.e. those taking profits from lower entry points are probably already dissipating, leaving new owners who are naturally less willing to turn loose of their shares at current pps levels.
Viola' - the price of SXPT goes up!
Very small float osf 1.3M------>Fast track IPO when taking over this shell a few months back:
Sino Express Travel Limited (OTC:SXPT), a leading travel service provider in the greater China, today announced its unaudited financial results for the quarter ended December 30, 2005.(I expect the Co. to get off the pinks in short order)
A Highlights for the fourth quarter of 2005:
Net revenues were US$1.75 million
Gross profit was US$204,154
Pro forma combined financial statements for the fourth quarter of 2005:
The pro forma Net revenues were US$2.18 million
The pro forma Gross profit was US$241,177
"We are pleased to announce a solid fourth quarter performance. The Sino team will continue focusing on its long-term development plan in the New Year. As we execute our expansion strategies in the greater China, we expect 2006 will be a year of high growth in profits and sales in this fragmented industry," commented Xia Chen, Chief Executive Officer of Sino Express.
http://www.sinoexpresstravel.com/
http://www.americanstockreview.com/sxpt
**Undervalued**
Cheap might be a word associated with Chinese exports, but it hasn’t been used for some time to refer to Chinese stocks, which trade here as American depositary receipts (ADRs). Yet of the 11 stocks I looked at, the average price-to-earnings ratio based on estimated 2005 earnings is a scant 15.8%
Of course it should be noted that few of these companies have wide followings on Wall Street, so the earnings estimates come from a limited number of analysts; in several cases, it’s just one. Still, it seems reasonable to assume that the stocks are cheap, at least by historical standards. Even if the Street is being too optimistic by 10%, the group would still be cheap relative to the market.
What’s more, Chinese companies are likely to benefit from an explosive economy for years to come. Bolstered by strong exports, infrastructure improvements and an expanding middle class, China has average GDP growth of 9.3% over the past two years, more than double the U.S. growth rate.
Slow it down
Meanwhile, the Chinese government is taking steps to prevent the type of hyper-growth that often precedes a prolonged downturn, such as what Japan experienced. If the government succeeds in maintaining GDP growth in the high single- to low double-digit range, there’s every reason to believe that Chinese companies will continue experiencing robust growth as well.
Strong growth and cheap prices is an attractive one-two combination on Wall Street, and one that's increasingly difficult to find. Consequently, when you come across such a find, you want to exploit it to the fullest. How best to do that in this situation?
One way is to invest in country-specific mutual funds. There are several tied to China, but most are littered with relatively high fees.
Another way would be to buy shares in one of the new Chinese exchange-traded funds, the iShares FTSE/Xinhua China 25 Index
Encompassing all components of Travel & Tourism consumption, investment, government spending and exports is expected to grow 5.4% (real terms) and total $6.2 trillion in 2005. The ten-year annualized growth (2006-2015) forecast is 4.6% per annum illustrating the outlook for strong long-term growth.
Olympics in 2008 as well....there will be a heavy increase in travel from now all the way leading up to the events.Venues are currently being built now.Huge growth opportunity for SINO
I am holding on tight!
SXPT chart: Looks like it wants to break over .285 here and test .30s maybe next week. Holding its channel well. Keep it on radar imo
Great close with low volume upticks...they shook the weak.Looking forward to new highs soon!
Chart with analysis please
wow - nice day - a shot at .37 is not hard to conceive here, imo
**SXPT** Very small float osf 1.3M------>Fast track IPO here:
Sino Express Travel Limited (OTC:SXPT), a leading travel service provider in the greater China, today announced its unaudited financial results for the quarter ended December 30, 2005.
A Highlights for the fourth quarter of 2005:
Net revenues were US$1.75 million
Gross profit was US$204,154
Pro forma combined financial statements for the fourth quarter of 2005:
The pro forma Net revenues were US$2.18 million
The pro forma Gross profit was US$241,177
"We are pleased to announce a solid fourth quarter performance. The Sino team will continue focusing on its long-term development plan in the New Year. As we execute our expansion strategies in the greater China, we expect 2006 will be a year of high growth in profits and sales in this fragmented industry," commented Xia Chen, Chief Executive Officer of Sino Express.
http://www.sinoexpresstravel.com/
http://www.americanstockreview.com/sxpt
**Undervalued**
Cheap might be a word associated with Chinese exports, but it hasn’t been used for some time to refer to Chinese stocks, which trade here as American depositary receipts (ADRs). Yet of the 11 stocks I looked at, the average price-to-earnings ratio based on estimated 2005 earnings is a scant 15.8%
Of course it should be noted that few of these companies have wide followings on Wall Street, so the earnings estimates come from a limited number of analysts; in several cases, it’s just one. Still, it seems reasonable to assume that the stocks are cheap, at least by historical standards. Even if the Street is being too optimistic by 10%, the group would still be cheap relative to the market.
What’s more, Chinese companies are likely to benefit from an explosive economy for years to come. Bolstered by strong exports, infrastructure improvements and an expanding middle class, China has average GDP growth of 9.3% over the past two years, more than double the U.S. growth rate.
Slow it down
Meanwhile, the Chinese government is taking steps to prevent the type of hyper-growth that often precedes a prolonged downturn, such as what Japan experienced. If the government succeeds in maintaining GDP growth in the high single- to low double-digit range, there’s every reason to believe that Chinese companies will continue experiencing robust growth as well.
Strong growth and cheap prices is an attractive one-two combination on Wall Street, and one that's increasingly difficult to find. Consequently, when you come across such a find, you want to exploit it to the fullest. How best to do that in this situation?
One way is to invest in country-specific mutual funds. There are several tied to China, but most are littered with relatively high fees.
Another way would be to buy shares in one of the new Chinese exchange-traded funds, the iShares FTSE/Xinhua China 25 Index
Encompassing all components of Travel & Tourism consumption, investment, government spending and exports is expected to grow 5.4% (real terms) and total $6.2 trillion in 2005. The ten-year annualized growth (2006-2015) forecast is 4.6% per annum illustrating the outlook for strong long-term growth.
Strong buy here .24 x .26
I like this, China is a sector everyone needs a slice of
Nice SXPT chart 4god, some profit takers today from the past it looks like. Will look for more volume tomorrow and into next week.
SXPT chart:
For some reason I can't get the annotation screen to open - will try again later - RSI, stochs, and MACD all pointing to more gain here - great volume last few days - .25 seems to be the line in the sand - todays candle is not somethng I usually care to see, but history shows that this stock has run after such an animal [2 days ago and back in early Oct] -
yep - feed it, and it will grow /e
Thx :) Good volume today.It's getting liquidity which is good.
Hi xxxx, Thanks for the feedback. Based on your suggestion, we have just added Sino Express Travel Ltd. (SXPT) to our charting database.
http://stockcharts.com/def/servlet/SC.web?c=SXPT
I think you're right...once that .285 gets taken out come on .30's very possibly...tuna
.25 x .285.....on the brink here.One more wave of volume and this one is goneeeeee!!!
With this kind of earnings out today, I'll guess it breaks out!! Sino Express Reports Fourth Quarter 2005 Unaudited Financial Results
Wednesday January 25, 6:00 am ET
HONG KONG--(BUSINESS WIRE)--Jan. 25, 2006--Sino Express Travel Limited (OTC:SXPT - News), a leading travel service provider in the greater China, today announced its unaudited financial results for the quarter ended December 30, 2005.
Highlights for the fourth quarter of 2005:
-- The fourth quarter of 2005 financial statements include
results from subsidiaries:
-- GS Travel Limited, headquartered in Hong Kong. Acquired on
1st August 2005.
-- Guang Zhi Lui Limited ("www.v222.com"), based in Guang
Zhou, China. Acquired on 1st October 2005.
-- Net revenues were US$1.75 million in the fourth quarter of
2005.
-- Gross profit was US$204,154
-- Net income was US$65,013
Pro forma combined financial statements for the fourth quarter of
2005:
-- The pro forma fourth quarter of 2005 financial statements
include results from subsidiaries:
-- GS Travel Limited, headquartered in Hong Kong.
-- Guang Zhi Lui Limited ("www.v222.com"), based in Guang
Zhou, China.
-- NSIBC Limited ("www.NSIBC.com"), based in Beijing, China.
Acquired on 1st January 2006.
-- YTD Limited ("www.ytdchina.com") based in Guang Zhou,
China. Acquired on 1st January 2006.
-- The pro forma Net revenues were US$2.18 million in the fourth
quarter of 2005.
-- The pro forma Gross profit was US$241,177
-- The pro forma Net income was US$83,499
"We are pleased to announce a solid fourth quarter performance. The Sino team will continue focusing on its long-term development plan in the New Year. As we execute our expansion strategies in the greater China, we expect 2006 will be a year of high growth in profits and sales in this fragmented industry," commented Xia Chen, Chief Executive Officer of Sino Express.
Sino Express Travel Limited (www.sinoexpresstravel.com), together with its 100% owned subsidiaries, GS Travel (Hong Kong) Ltd., NSIBC Ltd., YTD Ltd. and www.v222.com, is an international travel company with operating offices in Hong Kong, Beijing, Guangzhou, Vancouver, Toronto and Seattle. Sino intends to grow its business by acquiring and operating a diversified travel business portfolio, seeking to invest in profitable travel related companies with reputable management and high growth potential.
Forward looking statement
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
Contact:
Sino Express Travel Limited
Miss Shirley Yu, (852) 3106-0998 (Investor Relations)
Fax: (852) 3106-0280
ir@sinoexpresstravel.com
--------------------------------------------------------------------------------
Source: Sino Express Travel Limited
Tuna, SXPT triple top break today at .25 will be key if we can crack it on the bid
Super for SXPT stockprofit! Thanks for that valuable information! tuna
China + SXPT = good things imo, nice sector for this play to be in
*China * BOOMING---> Breakneck real GDP growth of 9.5% year-on-year was recorded in 2004, and the 9.4% growth rate persisted in the first three quarters of 2005. Growth may have been even faster, as a recent census shows substantial under-counting of services.
Demand: Encompassing all components of Travel & Tourism consumption, investment, government spending and exports is expected to grow 5.4% (real terms) and total $6.2 trillion in 2005. The ten-year annualized growth (2006-2015) forecast is 4.6% per annum illustrating the outlook for strong long-term growth.
Visitor Exports: The continued strength of the Pound and Euro against the US dollar, is expected to push Visitor Exports to nearly $820 billion in 2005 or real growth of 7.3%.
GDP: Travel & Tourism’s contribution to the world economy is illustrated by the direct industry impact of 3.8% of total GDP and the combined direct and indirect impact of the Travel & Tourism economy expected to total 10.6% in 2005.
Employment: The global Travel & Tourism industry is expected to produce 2.1 million new jobs in 2005 over it’s 2004 level to total 74.2 million jobs or 2.8% of total world employment. The broader perspective of the Travel & Tourism economy (direct and indirect) is expected to create more than 6.5 million new jobs for the world economy for a total of 221.6 million jobs dependent on Travel & Tourism or 8.3% of total employment.
WTTC President, Jean-Claude Baumgarten said, “We turned the corner in 2004 and it’s full steam ahead for Travel & Tourism in many countries and regions around the world. Much of the pent up demand from three previous years of terrorism, war and health concerns has been released in a record level of Travel & Tourism demand. Consumers and business travelers have voted their confidence in the economy by returning to holidays and business trips in massive numbers. We’ve haven’t seen such a rebound in Travel & Tourism growth for quite some time, it’s really quite exciting. For 2005 we expect the rebound to continue at a sustainable pace.”
Speaking about the impact of the tsunami on the industry, Mr. Baumgarten continued, “The tsunami was perhaps the most tragic humanitarian crisis of our lifetime. Fortunately we have seen a massive response from governments and industry to this tragedy. Although a number of Travel & Tourism destinations and businesses suffered significant loss, steps are well underway to restore these destinations and bring back the visitors. The key is to inform and educate potential visitors about what is open and available for business. The sooner visitors return to affected areas, the sooner these economies will recover. Each and everyone of us can do our part to rebuild and restore these economies by returning to our regular Travel & Tourism routines.”
At the press event, the WTTC released its 2005 Top Ten List of Travel & Tourism economies. For the second year in a row Montenegro has placed first as the fastest growing Travel & Tourism economy in the world. India and China placed second and third respectively illustrating the impact of the emerging middle-classes has on Travel & Tourism growth.
Travel & Tourism Demand, 2006-2015
(% Annualized Real Growth)
1 Montenegro 9.9
2 China 9.2
3 India 8.6
4 Reunion 8.3
5 Croatia 7.8
6 Sudan 7.7
7 Vietnam 7.7
8 Laos 7.6
9 Czech Republic 7.5
10 Guadeloupe 7.2
China has just beaten tourism giant Italy and is ranked fourth in the number of visitors. According to statistics from the World Tourism Organization (WTO)'s 2004 report (PDF), 41.8 million people visited China last year, while Italy had 37.1 million visitors.
China has long been seen as a mysterious, exotic nation. From the earliest traveler, Marco Polo, to modern-day backpackers, travelers have always seen China as the place to go. Though China had once closed its borders to the West, recent statistical results published by the China National Tourist Office show China cordially welcomes Western visitors.
In 2004, the number of foreign visitors grew by 48 percent compared with the previous year, with over 16 million more travelers. And according to WTO statistics published in January 2005, the Asia and Pacific region saw an increase of 50 percent (34 million) in 2004. In other words, China's tourism growth counted for almost half the increase of the entire region.
The increasing number of foreign tourists indicates the popularity of Chinese destinations. But what triggered the sudden tourist boom in China?
Geopolitical factors may be responsible. China's political environment has changed and the country has transformed itself to connect with Western countries. Along with swelling economic growth, infrastructure has been built and the transportation network is well linked, making travel more accessible and convenient.
Increasing commercial activity between China and the West has drawn businessmen to China, not only for business but for pleasure as well. And friendly prices for accommodations and food compared with Western destinations has also helped raise China's standing. Italy, however, is losing its competitiveness because of the higher expense of travel within the country, as well as for accommodations.
As a vast country, China is a place for explorers to experience a diverse culture. Plus, intact natural beauty and rural scenery make for a unique and distinct destination for foreign explorers.
In recent years, new attractions have been marketed by the Chinese government to draw more tourists, including historical sites and rural areas where minority populations are living. Although these attractions have brought economic benefit to the government, there is a price to pay.
The lack of exploration regulations have led to the deterioration of the environment and exploitation of natural beauty. Travelers have disturbed the lives of rural and minority peoples; their once peaceful and simple lifestyles are no longer as the people themselves have become a part of the attraction. This endangers the indigenous cultures. In addition, scenic areas have been polluted with rubbish and the construction of hotels has damaged the natural environment and aesthetic beauty.
With the 2008 Olympics approaching, the number of tourists is predicted to grow on a much larger scale. But facing overwhelming numbers of tourists and underlying problems, is China ready?
The inbound tourists to the Chinese mainland reached 109.04 million in 2004, breaking the 100 million mark for the first time. This earned the foreign exchange revenue up to US$25.74 billion, according to statistics released by the National Bureau of Statistics and the China National Tourism Administration on Thursday. The inbound tourists mainly came from the 16 countries of Japan, the Republic of Korea, Russia, the United States, the Philippines, Malaysia, Mongolia, Singapore, United Kingdom, Thailand, Australia, Canada, Germany, Indonesia, India and France. The number of visitor arrivals from these countries saw remarkable growth in 2004 over the previous year. The outbound tourists from the Chinese mainland amounted to 28.85 million in 2004. Some 5.87 million Chinese mainland people traveled abroad for business purpose, up 8.55 percent compared with last year. More than 12.97 million mainlanders went abroad for private reasons, representing an increase of 55.15 percent over a year earlier. Figures show that domestic tourism revenue totaled 471.1 billion yuan (US$58 billion) in the past year.
According to the plan by China National Tourism Administration, the number of inbound tourists, foreign exchange earnings from tourism and the domestic market size are targeted to have an annual growth of 4%, 8% and 8%, respectively, in the next five to ten years. It is also forecasted by the World Tourism Organization (WTO) that China's tourism industry will take up to 8.6% of world market share to become the world's top tourism industry by 2020.
Tourist Attractions: Currently, there are approximately 15,000 natural, cultural and man-made places of attraction which are above county level. Presently, Hong Kong investors are the main participants in the establishment of tourist attractions in China. In 2001, Sichuan became the first province to propose renting out the operation rights of 10 scenic areas to foreign investors.
China's tourism industry is one of the fastest-growing industries in the national economy and is also one of the industries with a very distinct global competitive edge. The total revenue of China's tourism industry reached USD 67.3 billion and continues to grow.
Like it SA! Of 14 Chinese stocks I monitor 12 were up and just 2 down and throwing in SXPT makes my new group of 15 stocks showing 13 up and 2 down! Nice to be in a "hot" sector with strong gains on strong volume in SXPT today inspite of the lower indices on the Dow and Naz...enjoying it! tuna
Resent request to stockcharts - this is the 1st time they have ever failed to get a stock added within a day for me.
Must be cause they don't like SA making too much $$$, lol
I agree wang, SXPT is getting its grove on here :)
No question wang....Olympics will be huge for SINO....Things can only get better as more eyes get on this.
With he right MOMO imo SXPT could break that .34-.35 with float of 1.3 mil.
jmo
RE: SXPT, break of triple top at .25 means we move to .34 next imo based on that chart
yep - waiting on stockcharts to add it, so I can post a chart - but it's got great volume and definately a breakout ofthe old downtrend - can't wait to see the other indicators.
Now board shows
chart looking good here.imo
wang - thnx - been searching for it - too dumb to connect the missing dots - let's take some of Mr. Markets Money!
This board don't show up when you click on symbol reserch....need to have symbol on board?
Followers
|
4
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
111
|
Created
|
01/24/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |