This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"China Unicom (Hong Kong) Ltd. (NYSE: CHU) is our top investment pick for 2009," says Jim Trippon, China expert and editor of The China Stock Digest.

The advisor explains, "China Unicom is involved in the cellular telephone business in 31 provinces, municipalities and autonomous regions in China. The company is also a major provider of data and Internet services in the People's Republic of China.

"We like the fact that this company is dependant on local Chinese customers and is fairly well insulated from the global economic downturn.

"We have selected China Unicom as our top pick for 2009 based on valuation. The China Stock Digest uses a Warren Buffet/Benjamin Graham style of stock picking.

Continue reading Top Stock Picks '09: China Unicom (Hong Kong) Ltd. (CHU)

Top Stock Picks '09: China Unicom (Hong Kong) Ltd. (CHU) originally appeared on BloggingStocks on Sat, 10 Jan 2009 09:00:00 EST. Please see our terms for use of feeds.