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%.
||52wk high||52wk low||EPS||P/E|
|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|
|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|