China Stock Watch 10/12/13

Though the recent hellish smog over Shanghai may have boosted some environment-related stocks (and this is at least a more subtle spin than the ham-fisted claim that smog makes you “funnier and smarter”), it still shows the struggle China has to be considered an attractive destination, whether for talent or capital. It is difficult to see how Shanghai can present itself as the trading centre of the east when it cannot ensure breathing is a safe exercise. Similarly, news that electronics retailer Suning is making it easier to source items from overseas may be a popular/profitable move, but is a telling indictment of China’s standards compliance.

Twelve of the major stocks declined today, with energy leading the pack. Sinopec was down over 2%, China Shenhua down 0.82% and PetroChina down 0.74%, though the offshore-focused CNOOC finished up 0.64%. Banks and insurance were amongst the day’s leaders, with Ping An Insurance the best performer, up 0.65%.

The Shanghai Composite Index finished just down by 0.71 points, or 0.03%.

Name Price Change Mkt cap
52wk high 52wk low EPS P/E
Sinopec 4.85 -0.10 (-2.02%) 565,341.60M 7.03 4.05 CN¥0.62 7.88
PetroChina 8.1 -0.06 (-0.74%) 1.48B 9.5 7.08 CN¥0.68 11.99
ICBC 3.8 0.00 (0.00%) 1.33B 4.53 3.4 CN¥0.74 5.17
China Construction Bank 4.43 +0.01 (0.23%) 1.11B 5.19 3.9 CN¥0.85 5.24
Agricultural Bank 2.62 +0.01 (0.38%) 850,960.55M 3.28 2.38 CN¥0.50 5.22
Bank of China 2.81 -0.01 (-0.35%) 784,407.22M 3.26 2.48 CN¥0.53 5.29
China Mobile 84.10* -0.80 (-0.94%) 1.69B 91.8 74.9 HK$8.15 10.32
Noble Group 1.04 0.00 (-0.48%) 6,892.16M 1.27 0.785 SGD0.04 29.02
China State Construction 3.47 -0.01 (-0.29%) 104,100.00M 4.18 2.9 CN¥0.62 5.63
CNOOC 15.66* +0.10 (0.64%) 699,179.15M 17.38 12.04 HK$1.88 8.32
China Railway Construction 5.29 -0.07 (-1.31%) 65,265.59M 6.49 3.95 CN¥0.84 6.28
China Railway Group 2.94 -0.02 (-0.68%) 62,621.71M 3.41 2.3 CN¥0.44 6.71
SAIC Motor 15.97 +0.07 (0.44%) 176,078.30M 19 11.83 CN¥2.05 7.78
China Life Insurance 16.3 -0.16 (-0.97%) 460,714.67M 22.7 12.88 CN¥0.97 16.86
Dongfeng Motor 13.00* -0.06 (-0.46%) 112,009.56M 13.26 9.48 HK$1.37 9.5
China Shenhua 16.83 -0.14 (-0.82%) 334,742.31M 25.7 15.51 CN¥2.25 7.48
Ping An Insurance 43.19 +0.28 (0.65%) 341,898.17M 53.27 31.69 CN¥3.45 12.52
China Telecom 4.00* -0.04 (-0.99%) 323,729.47M 4.46 3.48 HK$0.26 15.58
China Communications Construction 4.36 +0.02 (0.46%) 70,521.85M 5.79 3.8 CN¥0.81 5.39
Bank of Communications 4.2 0.00 (0.00%) 311,903.44M 5.68 3.68 CN¥0.84 4.99
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