Dalian Port (2880) is a terminal operator in the mainland whose unique mixture of business will allow it to withstand a sharp slowdown in Chinese exports to the United States.

Citi has the operator of northeastern China's largest port on its "Fresh Money Ideas" list, saying it is the sole listed port exposed to China's ever-increasing thirst for oil. Dalian Port, which runs the mainland's fourth-largest oil port, handled 34.4 million tonnes of oil in 2007, accounting for 54 percent market share in northeast China.

The company is making good money on its oil business, earning an EBITDA margin of 75 percent on the segment in 2007.

Dalian Port is also a key beneficiary of the revitalization of northeast China, Citi said.

http://finance.thestandard.com.hk/chi/business_news_view.asp?aid=69508