China Stock Watch 25/11/13

After Friday’s terrible accident at the Sinopec oil pipeline at Qingdao, energy shares took a tumble, with Sinopec, PetroChina, and China Shenhua all down. The energy sector remains a risky one to work in, particularly in mining, where distance from central government perhaps helps insulate companies and provincial government from an organised outcry over the high accident rates and death tolls. An accident in the tourist city of Qingdao is a different matter, and both Xi Jinping and Li Kiqiang have been swiftly on the case. Anything that improves safety is to be welcomed, but one wonders how much work the energy sector has to put into this area.

Elsewhere, China Mobile was up on expectations that it will be a carrier for the iPhone. Apple has a lot of ground to make up in China.

Name Price Change Mkt cap
52wk high 52wk low EPS P/E
Sinopec 4.86 -0.19 (-3.76%) 566,507.28M 7.73 4.05 CN¥0.62 7.9
PetroChina 7.97 -0.13 (-1.60%) 1.46B 9.5 7.08 CN¥0.68 11.8
ICBC 3.82 -0.04 (-1.04%) 1.34B 4.53 3.4 CN¥0.74 5.19
China Construction Bank 4.41 -0.05 (-1.12%) 1.10B 5.19 3.9 CN¥0.85 5.21
Agricultural Bank 2.6 0.00 (0.00%) 844,464.67M 3.28 2.38 CN¥0.50 5.18
Bank of China 2.81 -0.02 (-0.71%) 784,407.22M 3.26 2.48 CN¥0.53 5.29
China Mobile 81.05* +0.60 (0.75%) 1.63B 91.8 74.9 HK$8.14 9.95
Noble Group 1.09 +0.01 (1.40%) 7,223.52M 1.27 0.785 SGD0.04 30.5
China State Construction 3.25 -0.01 (-0.31%) 97,500.00M 4.18 2.9 CN¥0.62 5.28
CNOOC 15.70* 0.00 (0.00%) 700,965.05M 17.38 12.04 HK$1.88 8.35
China Railway Construction 5.21 +0.08 (1.56%) 64,278.59M 6.49 3.95 CN¥0.84 6.19
China Railway Group 2.94 +0.07 (2.44%) 62,621.71M 3.41 2.3 CN¥0.44 6.71
SAIC Motor 15.36 +0.09 (0.59%) 169,352.70M 19 11.83 CN¥2.05 7.49
China Life Insurance 15.4 +0.02 (0.13%) 435,276.45M 22.7 12.88 CN¥0.97 15.93
Dongfeng Motor 12.38* -0.06 (-0.48%) 106,667.57M 13.26 9.48 HK$1.37 9.05
China Shenhua 16.56 -0.21 (-1.25%) 329,372.10M 25.7 15.51 CN¥2.25 7.36
Ping An Insurance 40.41 +0.33 (0.82%) 319,891.30M 53.27 31.69 CN¥3.45 11.72
China Telecom 4.08* -0.03 (-0.73%) 330,204.06M 4.46 3.48 HK$0.26 15.9
China Communications Construction 4.19 -0.02 (-0.48%) 67,772.14M 5.79 3.8 CN¥0.81 5.18
Bank of Communications 4.11 -0.02 (-0.48%) 305,219.82M 5.68 3.68 CN¥0.84 4.88
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