China Stock Watch 8/1/14

A so-so day’s trading today, with seven stocks rising, ten falling and three flat. The best performance was posted by CNOOC, up 2.2% to HK$13.96 a share, and SAIC Motor, up 2.05% to RMB13.41 a share. The biggest falls were by China Shenhua (-1.69%) and China Railway Group (-1.61%), still reeling from the death of its chairman.

We are likely to see a rise in major stocks, as regulators have advised firms to buy back shares if they trading below net asset value. We can take this as being more than just “advice”, particularly with that 2000 threshold ominously close.

The Shanghai Composite Index closed at 2,044.34, down 2.98 (-0.15%).

Name Price Change Mkt cap 52wk high 52wk low EPS P/E
Sinopec 4.4 0.00 (0.00%) 512,887.39M 7.03 4.05 CN¥0.62 7.15
PetroChina 7.64 -0.10 (-1.29%) 1.40B 9.5 7.08 CN¥0.68 11.31
ICBC 3.58 +0.03 (0.85%) 1.26B 4.53 3.4 CN¥0.74 4.87
China Construction Bank 3.98 -0.03 (-0.75%) 995,043.70M 5.19 3.8 CN¥0.85 4.71
Agricultural Bank 2.42 -0.01 (-0.41%) 786,001.79M 3.28 2.38 CN¥0.50 4.82
Bank of China 2.51 -0.01 (-0.40%) 701,205.02M 3.26 2.48 CN¥0.53 4.73
China Mobile 78.35* +0.30 (0.38%) 1.58B 91.1 74.9 HK$8.20 9.55
Noble Group 1.04 +0.01 (0.97%) 6,892.16M 1.27 0.785 SGD0.04 28.7
China State Construction 3.02 -0.02 (-0.66%) 90,600.00M 4.18 2.9 CN¥0.62 4.9
CNOOC 13.96* +0.30 (2.20%) 623,278.49M 17.32 12.04 HK$1.89 7.37
China Railway Construction 4.21 -0.05 (-1.17%) 51,941.05M 6.46 3.95 CN¥0.84 5
China Railway Group 2.45 -0.04 (-1.61%) 52,184.76M 3.41 2.3 CN¥0.44 5.59
SAIC Motor 13.41 +0.27 (2.05%) 147,852.85M 19 11.83 CN¥2.05 6.54
China Life Insurance 14.68 -0.06 (-0.41%) 414,925.88M 22 12.88 CN¥0.97 15.19
Dongfeng Motor 11.66* +0.06 (0.52%) 100,463.96M 13.28 9.48 HK$1.38 8.47
China Shenhua 14.57 -0.25 (-1.69%) 289,791.76M 25.39 14.42 CN¥2.25 6.47
Ping An Insurance 40.63 +0.54 (1.35%) 321,632.86M 53.27 31.69 CN¥3.45 11.78
China Telecom 3.71* 0.00 (0.00%) 300,259.09M 4.42 3.48 HK$0.26 14.35
China Communications Construction 3.88 -0.01 (-0.26%) 62,757.98M 5.79 3.8 CN¥0.81 4.79
Bank of Communications 3.79 +0.02 (0.53%) 281,455.73M 5.68 3.65 CN¥0.84 4.5
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