It's hard to pinpoint listed companies that will gain as the parties rage on quietly and market analysts aren't normally on the guest lists. In my experience as an occasional guest of these events before the would-be bans, nameless local companies would provide a lot of the food and beverage, such as tea leaves harvested in China and seafood from Chinese aquaculture farms. High-end Chinese cuisine relies more on natural, wet-market style ingredients than on foods processed by major labels. Banquets and receptions usually take places at state-run hotels or on the property held by whatever Party unit or government office is hosting an event.
Still, the parties probably won't take the fizz out of U.S. soft drink brands such as Coca Cola (KO) and PepsiCo (PEP) as their sodas appeal to Chinese women, who per custom seldom drink alcohol in public.
PepsiCo found a Chinese partner this year to make the sales and distribution of drinks easier, while Coca Cola announced in 2011 that the company and its partners would invest $4 billion in China from 2012 to 2014.
Those culturally authorized to drink are veering increasingly toward grape wine rather than
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV