China Stock Watch 16/12/13

A flood of red ink today, following the lower than expected flash PMI index (which nonetheless still came in at 50.5, indicating expansion). The plans of Tianjin and Dalian to put in place car lotteries to cut new purchases also put a spoke in the wheel of auto producers, with SAIC Motor the largest faller on the day, going down 5.4%. Dongfeng Motor‘s tie-up with Renault on the other hand lead to it rising 3.64%, easily the best performer on a day when seventeen out of the twenty major stocks fell. Other stocks taking a large hit were China State Construction (down 2.65%), CNOOC (down 2.52%) and China Life Insurance (down 2.06%). The euphoria of the Third Plenum sure seems far away now.

The Shanghai Composite Index finished down 35.21 points, or 1.6%, to close at 2,160.86.

Name Price Change Mkt Cap 52wk high 52wk low EPS P/E
Sinopec 4.7 -0.05 (-1.05%) 547,857M 7.03 4.05 CN¥0.62 7.64
PetroChina 7.83 -0.12 (-1.51%) 1.43B 9.5 7.08 CN¥0.68 11.59
ICBC 3.7 -0.02 (-0.54%) 1.30B 4.53 3.4 CN¥0.74 5.03
China Construction Bank 4.28 -0.04 (-0.93%) 1.07B 5.19 3.9 CN¥0.85 5.06
Agricultural Bank 2.53 0.00 (0.00%) 821,729M 3.28 2.38 CN¥0.50 5.04
Bank of China 2.73 -0.03 (-1.09%) 762,075M 3.26 2.48 CN¥0.53 5.14
China Mobile 80.40* -0.90 (-1.11%) 1.62B 91.8 74.9 HK$8.17 9.84
Noble Group 1.02 0.00 (-0.49%) 6,760M 1.27 0.785 SGD0.04 28.41
China State Construction 3.3 -0.09 (-2.65%) 99,000M 4.18 2.9 CN¥0.62 5.36
CNOOC 14.70* -0.38 (-2.52%) 656,318M 17.38 12.04 HK$1.89 7.79
China Railway Construction 4.99 -0.11 (-2.16%) 61,564M 6.49 3.95 CN¥0.84 5.93
China Railway Group 2.81 -0.05 (-1.75%) 59,853M 3.41 2.3 CN¥0.44 6.41
SAIC Motor 14.55 -0.83 (-5.40%) 160,422M 19 11.83 CN¥2.05 7.09
China Life Insurance 15.22 -0.32 (-2.06%) 430,189M 22.7 12.88 CN¥0.97 15.75
Dongfeng Motor 13.10* +0.46 (3.64%) 112,871M 13.26 9.48 HK$1.37 9.54
China Shenhua 16.04 -0.23 (-1.41%) 319,030M 25.7 15.51 CN¥2.25 7.12
Ping An Insurance 42 -0.28 (-0.66%) 332,478M 53.27 31.69 CN¥3.45 12.18
China Telecom 3.88* 0.00 (0.00%) 314,018M 4.46 3.48 HK$0.26 15.06
China Communications Construction 4.2 -0.08 (-1.87%) 67,934M 5.79 3.8 CN¥0.81 5.19
Bank of Communications 4.08 -0.01 (-0.24%) 302,992M 5.68 3.68 CN¥0.84 4.84
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