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7 pts

Opinion on  BHP Billiton Ltd (BHP)     Sector: Basic Materials  >  Industry: Metal Mining
The Asian Manufacturing Expansion Continues

Feb 20, 2008 05:33 AM UTC
Return Risk
+11.48% HIGH
Analyst

As the South Korean, Japanese and Chinese prepare for the next round of iron ore negotiations on the back of the recent 65% price increase as the next high-water mark, BHP Billiton stands to benefit considerably. Highly leveraged towards the iron ore and coal trades within the Asia-Europe and Intra-Asian market, BHP would be expected to register strong earnings growth over the next 6 months; further supply restraints and port congestions in the region notwithstanding.
As the third largest supplier of iron ore coupled with its close proximity to China and South Korea, I expect its highly leveraged high grade iron ore portfolio to gain some market traction as we move through the third wave of the Asian manufacturing secular trend amid a potential U.S. economic slowdown. 


BHP:  This call was made on 02/20/08 @ $70.6
Rating:   Positive   $70.6 (02/20/08)
Gain/Loss:   -0.13% in 192 days
Allocation:   100.0% of portfolio


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Colby Feller 33% 02/20/2008



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Positive +0.00% The Asian Manufacturing Expansion Continues
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