China Stock Watch 28/11/13

Major stocks did well today, with a full fifteen finishing the day up. Energy, infrastructure and banking led the way (as it usually does in China, where state monopolies control most of these essential sectors); however, SAIC Motor outperformed them all, closing up 2.64%. Sinopec finished up 1.69%. I would not expect the Qingdao disaster to lead to major fines or investigations – not for a state-controlled company which is crucial to China’s energy strategy. A few token heads will roll, but that’s all. (It is probably more than you would get for a mining disaster, but hey, Qingdao is not Inner Mongolia). China Shenhua closed up 1.55% – coal will continue to be crucial for China’s energy supply.

China Mobile was the only major stock to fall, closing down 0.48%.

The Shanghai Composite Index finished up 18.30 points, or 0.83%, to stand at 2,219.37.

Name Price Change Mkt cap
52wk high 52wk low EPS P/E
Sinopec 4.8 +0.08 (1.69%) 559,513.37M 7.73 4.05 CN¥0.62 7.8
PetroChina 7.93 +0.04 (0.51%) 1.45B 9.5 7.08 CN¥0.68 11.74
ICBC 3.8 +0.01 (0.26%) 1.33B 4.53 3.4 CN¥0.74 5.17
China Construction Bank 4.4 +0.01 (0.23%) 1.10B 5.19 3.9 CN¥0.85 5.2
Agricultural Bank 2.61 +0.02 (0.77%) 847,712.61M 3.28 2.38 CN¥0.50 5.2
Bank of China 2.81 0.00 (0.00%) 784,407.22M 3.26 2.48 CN¥0.53 5.29
China Mobile 82.55* -0.40 (-0.48%) 1.66B 91.8 74.9 HK$8.14 10.14
Noble Group 1.11 0.00 (0.00%) 7,356.06M 1.27 0.785 SGD0.04 31.05
China State Construction 3.28 +0.03 (0.92%) 98,400.00M 4.18 2.9 CN¥0.62 5.33
CNOOC 15.70* +0.12 (0.77%) 700,965.05M 17.38 12.04 HK$1.88 8.35
China Railway Construction 5.4 +0.05 (0.93%) 66,622.73M 6.49 3.95 CN¥0.84 6.41
China Railway Group 3.01 0.00 (0.00%) 64,112.70M 3.41 2.3 CN¥0.44 6.87
SAIC Motor 15.55 +0.40 (2.64%) 171,447.56M 19 11.83 CN¥2.05 7.58
China Life Insurance 15.83 +0.06 (0.38%) 447,430.28M 22.7 12.88 CN¥0.97 16.38
Dongfeng Motor 12.24* +0.02 (0.16%) 105,461.31M 13.26 9.48 HK$1.37 8.95
China Shenhua 17.06 +0.26 (1.55%) 339,316.91M 25.7 15.51 CN¥2.25 7.58
Ping An Insurance 41.5 +0.06 (0.14%) 328,519.90M 53.27 31.69 CN¥3.45 12.03
China Telecom 4.11* 0.00 (0.00%) 332,632.04M 4.46 3.48 HK$0.26 16.01
China Communications Construction 4.27 +0.04 (0.95%) 69,066.12M 5.79 3.8 CN¥0.81 5.28
Bank of Communications 4.15 +0.03 (0.73%) 308,190.32M 5.68 3.68 CN¥0.84 4.93
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