China Stock Watch 12/12/13

Interesting story in the latest issue of Private Eye, no. 1355 (content not online). Through its lobbying company MHP Communications, Huawei paid £8600 to attend a networking dinner at the Conservative party conference in October, with “senior members of the frontbench team” (i.e government ministers). This payment was declared to the Electoral Commission, but only in MHP’s name. Under questioning from the Eye they called this an “administrative error” and said they would ask the Commission to change the entry. Huawei must be delighted that access to UK government ministers is so cheap. The pygmies of Westminster show their value.

The downward run of major stocks continued on a milder trajectory today, with only Sinopec showing any growth, oddly enough, and five stocks finishing flat on the day. Despite all the hubbub over its deal with Apple, China Mobile continued down, by 0.61%. Its gains over the past month have almost disappeared. The worst performer of the day was Noble Group, down 1.94%. (Anyone interested in the formation and operations of the Hong Kong trading houses Noble Group and Jardine Matheson should read Tai Pan and Noble House, both by James Clavell, and both based on the history of Jardine Matheson. I have just started watching the TV adaptation of Noble House, which stars a pre-Bond Pierce Brosnan: slightly cheesily 80s, but very good).

The Shanghai Composite Index finished down marginally, by 1.37 points or 0.06%, to close at 2,202.80.

Name Price Change Mkt cap
52wk high 52wk low EPS P/E
Sinopec 4.8 +0.06 (1.27%) 559,513.37M 7.03 4.05 CN¥0.62 7.8
PetroChina 8.01 0.00 (0.00%) 1.47B 9.5 7.08 CN¥0.68 11.85
ICBC 3.76 -0.02 (-0.53%) 1.32B 4.53 3.4 CN¥0.74 5.11
China Construction Bank 4.36 -0.01 (-0.23%) 1.09B 5.19 3.9 CN¥0.85 5.15
Agricultural Bank 2.55 -0.02 (-0.78%) 828,224.98M 3.28 2.38 CN¥0.50 5.08
Bank of China 2.79 0.00 (0.00%) 778,824.25M 3.26 2.48 CN¥0.53 5.25
China Mobile 80.90* -0.50 (-0.61%) 1.63B 91.8 74.9 HK$8.17 9.9
Noble Group 1.01 -0.02 (-1.94%) 6,693.35M 1.27 0.785 SGD0.04 28.28
China State Construction 3.39 0.00 (0.00%) 101,700.00M 4.18 2.9 CN¥0.62 5.5
CNOOC 15.18* -0.26 (-1.68%) 677,748.40M 17.38 12.04 HK$1.89 8.04
China Railway Construction 5.16 0.00 (0.00%) 63,661.71M 6.49 3.95 CN¥0.84 6.13
China Railway Group 2.88 0.00 (0.00%) 61,343.71M 3.41 2.3 CN¥0.44 6.57
SAIC Motor 15.49 -0.02 (-0.13%) 170,786.02M 19 11.83 CN¥2.05 7.55
China Life Insurance 15.42 -0.24 (-1.53%) 435,841.75M 22.7 12.88 CN¥0.97 15.95
Dongfeng Motor 12.70* -0.14 (-1.09%) 109,424.72M 13.26 9.48 HK$1.37 9.25
China Shenhua 16.43 -0.06 (-0.36%) 326,786.47M 25.7 15.51 CN¥2.25 7.3
Ping An Insurance 41.56 -0.17 (-0.41%) 328,994.88M 53.27 31.69 CN¥3.45 12.05
China Telecom 3.90* -0.05 (-1.27%) 315,636.24M 4.46 3.48 HK$0.26 15.14
China Communications Construction 4.29 -0.02 (-0.46%) 69,389.61M 5.79 3.8 CN¥0.81 5.3
Bank of Communications 4.13 -0.01 (-0.24%) 306,705.07M 5.68 3.68 CN¥0.84 4.9
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s