Reuters reported Today
Sinotrans Shipping (0368.HK) vaulted 15.1 percent to HK$1.91 after the Chinese shipping group, partnered with DHL [DHL.UL], reported a better-than-expected 146 percent increase in 2008 profit at $347.13 million.
Sinotrans has one of the lowest operating costs among listed regional peers and unlike others can operate profitably even with the Baltic Dry Index at 2,000 points, said UBS in a note on the earnings.
The key point with sinotrans is the 'lowest operating costs' amongst competitors.
Forget future earnings (because they are unrealised) and dodgy asset evaluations, find companies with low debt and low operating costs!
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