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Number Cruncher

Stock screens for investment ideas from professional investors. Exclusive to subscribers of Globe Unlimited.

Number Cruncher

Stocks to watch amid China's shifting fortunes Add to ...

Amid a moribund U.S. economy and floundering euro zone, China’s economic heft exerts ever-growing influence on global trade, for better or worse. Recent reports of slowing growth and falling manufacturing levels have called into question the health of China’s economy and sent gold, commodities and mining stocks down.

With Canada’s resource-based economy dependent on countries like China to buy what we pull out of the ground, many companies here are significantly exposed to the Chinese market and have much to lose should serious problems occur in the Middle Kingdom.

What we’re looking for Canadian-listed stocks most likely to suffer in the event of a Chinese downturn.

This screen comes courtesy of Bloomberg’s Constantin Cosereanu, and is based on the following criteria:

revenue from the Chinese market, making them risky bets in the current environment. For the remaining seven stocks, China made up between 11 and 37 per cent of their revenue. Better, but still likely less than comfortable for shareholders.

Should the dip in China’s fortunes be a temporary phenomenon, owners of these shares can rest easy. But if – as some analysts have noted – it is a symptom of larger economic problems, these stocks may be headed in the wrong direction.

As usual, you should do your own research before investing in any of these names.

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