China Stock Watch 6/1/14

Several substantial losses today, mostly following from the news of the death of China Railway Group chairman Bai Zhongren in what seems to be a suspected suicide, perhaps promoted by unmanageable corporate debts. Rumours are obviously unsubstantiated, but attest to the absence of information, and the fears that arise because of that. China Railway Group closed down 4.20% while China Railway Construction falling even further, declining 4.42%. China Shenhua (-3.38%) and SAIC Motor (-2.9%) were not far behind.

Oil companies were the best performer on the day, with news of developments away from coal and renewables. Sinopec closed up 2.05% and PetroChina up 1.83%, while CNOOC shaded up 0.14%.

Name Price Change Mkt cap 52wk high 52wk low EPS P/E
Sinopec 4.47 +0.09 (2.05%) 521,046.93M 7.03 4.05 CN¥0.62 7.27
PetroChina 7.78 +0.14 (1.83%) 1.42B 9.5 7.08 CN¥0.68 11.51
ICBC 3.54 -0.02 (-0.56%) 1.24B 4.53 3.4 CN¥0.74 4.81
China Construction Bank 4.08 +0.01 (0.25%) 1.02B 5.19 3.8 CN¥0.85 4.82
Agricultural Bank 2.44 -0.02 (-0.81%) 792,497.66M 3.28 2.38 CN¥0.50 4.86
Bank of China 2.53 -0.03 (-1.17%) 706,792.31M 3.26 2.48 CN¥0.53 4.77
China Mobile 78.20* -0.40 (-0.51%) 1.57B 91.8 74.9 HK$8.20 9.54
Noble Group 1.03 0.00 (-0.48%) 6,859.03M 1.27 0.785 SGD0.04 28.56
China State Construction 3.03 -0.05 (-1.62%) 90,900.00M 4.18 2.9 CN¥0.62 4.92
CNOOC 13.84* +0.02 (0.14%) 617,920.80M 17.38 12.04 HK$1.89 7.31
China Railway Construction 4.32 -0.20 (-4.42%) 53,298.18M 6.49 3.95 CN¥0.84 5.13
China Railway Group 2.51 -0.11 (-4.20%) 53,462.75M 3.41 2.3 CN¥0.44 5.72
SAIC Motor 13.06 -0.39 (-2.90%) 143,993.90M 19 11.83 CN¥2.05 6.37
China Life Insurance 14.78 +0.21 (1.44%) 417,752.33M 22.7 12.88 CN¥0.97 15.29
Dongfeng Motor 11.78* -0.18 (-1.51%) 101,497.89M 13.28 9.48 HK$1.38 8.55
China Shenhua 14.85 -0.52 (-3.38%) 295,360.87M 25.7 14.83 CN¥2.25 6.6
Ping An Insurance 40.29 0.00 (0.00%) 318,941.37M 53.27 31.69 CN¥3.45 11.68
China Telecom 3.74* -0.02 (-0.53%) 302,687.06M 4.42 3.48 HK$0.26 14.47
China Communications Construction 3.86 -0.10 (-2.53%) 62,434.48M 5.79 3.8 CN¥0.81 4.77
Bank of Communications 3.76 -0.03 (-0.79%) 279,227.85M 5.68 3.65 CN¥0.84 4.46
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