China Stockwatch 18/11/13

The major stocks continued to rebound sharply after the initial (and, as I suggested, premature) disappointment with the Third Plenum, as more flesh is put on the bones of the initial announcement. All twenty major stocks rose on the day, with insurance companies China Life and Ping An Insurance leading the pack, rising a hefty 10.04% and 7.7% respectively. Dongfeng Motor also performed well, rising 6.66%.

With reforms promised to the financial sector, the big four state banks could well lose their torpid dominance. This will be welcomed by the public, who must be weary of their bad service and miserable rates. Though recently passed as having sustainable non-performing loans, one wonders what skeletons lie in their cupboards, and on their loan books. All four rose, though none by more than Agricultural Bank‘s 1.57%. Bank of China was the worst performer of the day, rising 1.07%.

The Shanghai Composite Index rose 61.39 points, or 2.87%.

Name Price Change Mkt cap
52wk high 52wk low EPS P/E
Sinopec 4.94 +0.18 (3.78%) 575,832.49M 6.39 4.05 CN¥0.62 8.03
ICBC 3.84 +0.05 (1.32%) 1.35B 4.53 3.4 CN¥0.74 5.22
China Construction Bank 4.38 +0.06 (1.39%) 1.10B 5.19 3.9 CN¥0.85 5.18
Agricultural Bank 2.58 +0.04 (1.57%) 837,968.80M 3.28 2.38 CN¥0.50 5.14
Bank of China 2.83 +0.03 (1.07%) 789,990.18M 3.26 2.48 CN¥0.53 5.33
China Mobile 83.10* +2.10 (2.59%) 1.67B 91.8 74.9 HK$8.14 10.2
Noble Group 1.08 +0.04 (3.37%) 7,124.11M 1.27 0.785 SGD0.04 30.14
China State Construction 3.32 +0.06 (1.84%) 99,600.00M 4.18 2.9 CN¥0.62 5.39
CNOOC 15.78* +0.50 (3.27%) 704,536.84M 17.38 12.04 HK$1.88 8.39
China Railway Construction 5.16 +0.09 (1.78%) 63,661.71M 6.49 3.95 CN¥0.84 6.13
China Railway Group 2.9 +0.05 (1.75%) 61,769.71M 3.38 2.3 CN¥0.44 6.61
SAIC Motor 15.32 +0.28 (1.86%) 168,911.68M 19 11.83 CN¥2.05 7.47
China Life Insurance 15.46 +1.41 (10.04%) 436,972.34M 22.7 12.88 CN¥0.97 15.99
Dongfeng Motor 12.50* +0.78 (6.66%) 107,701.50M 13.26 9.48 HK$1.37 9.14
Ping An Insurance 41.12 +2.94 (7.70%) 325,511.75M 53.27 31.69 CN¥3.45 11.92
China Telecom 4.13* +0.16 (4.03%) 334,250.69M 4.46 3.48 HK$0.26 16.09
China Communications Construction 4.24 +0.11 (2.66%) 68,580.87M 5.79 3.8 CN¥0.81 5.24
Bank of Communications 4.16 +0.12 (2.97%) 308,932.93M 5.68 3.68 CN¥0.84 4.94
Jardine Matheson 53 +0.71 (1.36%) 16,218.00M 70 51.02 4.59 11.56
Aluminum Corp. of China 3.98 +0.07 (1.79%) 53,827.46M 5.38 3.01 -CN¥0.42
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