China Stock Watch 20/11/13

Major stocks continued to rise, on the whole, today. It was somewhat tentative stuff though, as only one stock (Noble Group, rising 1.41%) gained over 1%. China Construction Bank did the next best, up 0.92%. None fell drastically either; China Mobile was the biggest faller, but only by 0.55%.

The Shanghai Composite Index finished up 13.49 points, or 0.62%, at 2206.61. Some are beginning to talk of a rise in the Chinese stock market, which is still below levels seen in 2001 (and, adjusted for inflation, is in real terms substantially lower). Significant reforms will have to move ahead before genuine returns can be seen for investors, but at least we have a sense that Xi-Keqiang will move to do this, unlike the Hu-Wen years of stasis. But it will not take too much encouragement for a bull run to develop. The Chinese leadership is right to be wary of hot money.

Name Price Change Mkt cap
52wk high 52wk low EPS P/E
Sinopec 4.93 -0.02 (-0.40%) 574,666.81M 6.39 4.05 CN¥0.62 8.01
PetroChina 7.89 +0.02 (0.25%) 1.44B 9.50 7.08 CN¥0.68 11.68
ICBC 3.82 0.00 (0.00%) 1.34B 4.53 3.4 CN¥0.74 5.19
China Construction Bank 4.38 +0.04 (0.92%) 1.10B 5.19 3.9 CN¥0.85 5.18
Agricultural Bank 2.59 +0.01 (0.39%) 841,216.74M 3.28 2.38 CN¥0.50 5.16
Bank of China 2.82 0.00 (0.00%) 787,198.70M 3.26 2.48 CN¥0.53 5.31
China Mobile 82.05* -0.45 (-0.55%) 1.65B 91.80 74.9 HK$8.14 10.07
Noble Group 1.08 +0.01 (1.41%) 7,157.25M 1.27 0.785 SGD0.04 30.29
China State Construction 3.3 -0.01 (-0.30%) 99,000.00M 4.18 2.9 CN¥0.62 5.36
CNOOC 15.78* -0.08 (-0.50%) 704,536.84M 17.38 12.04 HK$1.88 8.39
China Railway Construction 5.21 +0.03 (0.58%) 64,278.59M 6.49 3.95 CN¥0.84 6.19
China Railway Group 2.91 +0.01 (0.34%) 61,982.71M 3.38 2.3 CN¥0.44 6.64
SAIC Motor 15.51 +0.14 (0.91%) 171,006.54M 19.00 11.83 CN¥2.05 7.56
China Life Insurance 15.77 +0.05 (0.32%) 445,734.41M 22.70 12.88 CN¥0.97 16.31
Dongfeng Motor 12.48* +0.08 (0.65%) 107,529.17M 13.26 9.48 HK$1.37 9.12
China Shenhua 16.69 +0.14 (0.85%) 331,957.78M 25.70 15.51 CN¥2.25 7.41
Ping An Insurance 40.99 +0.21 (0.51%) 324,482.68M 53.27 31.69 CN¥3.45 11.88
China Telecom 4.16* +0.03 (0.73%) 336,678.64M 4.46 3.48 HK$0.26 16.21
China Communications Construction 4.24 +0.02 (0.47%) 68,580.87M 5.79 3.8 CN¥0.81 5.24
Bank of Communications 4.17 +0.03 (0.72%) 309,675.58M 5.68 3.68 CN¥0.84 4.95
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