China Stock Watch 13/1/14

A decent day for the major Chinese stocks, for the first since the post-Third Plenum euphoria wore off, it seems. Fourteen of the twenty gained on the day, with Dongfeng Motor by far the best performer, gaining 3.2% to close to HK$11.62. Sinopec, oddly enough, was the second best, up 1.36% to close at RMB4.48. This seems odd given the cost of the Qingdao refinery explosion and the loss of executives, but Chinese SOE executives are always disposable, and regularly rotated by the party machinery. One supposes it could have been worse. The Piper Alpha disaster cost 167 lives and £1.7 billion. Hopefully this will get safety regulations on Chinese oil and gas producers enforced with far greater stringency. The safety record in the mining industry does not inspire confidence elsewhere.

Only four stocks fell, with China State Construction doing worst, going down 1.01% to RMB2.95. SAIC Motor, China Life Insurance and Ping An Insurance all fell by less than 1%.

Nonetheless, the Shanghai Composite fell 3.73 (-0.19%) to close at 2,009.56. That barrier is awfully close.

Name Price Change Mkt cap 52wk high 52wk low EPS P/E
Sinopec 4.48 +0.06 (1.36%) 522,212.61M 7.03 4.05 CN¥0.62 7.28
PetroChina 7.56 +0.03 (0.40%) 1.38B 9.5 7.08 CN¥0.68 11.19
ICBC 3.54 +0.01 (0.28%) 1.24B 4.53 3.4 CN¥0.74 4.81
China Construction Bank 4.01 +0.05 (1.26%) 1.00B 5.19 3.8 CN¥0.85 4.74
Agricultural Bank 2.41 0.00 (0.00%) 782,753.85M 3.28 2.38 CN¥0.50 4.8
Bank of China 2.52 +0.03 (1.20%) 703,998.67M 3.26 2.48 CN¥0.53 4.75
China Mobile 77.85* +0.05 (0.06%) 1.56B 91.1 74.9 HK$8.20 9.5
Noble Group 1.04 0.00 (0.48%) 6,892.16M 1.27 0.785 SGD0.04 28.63
China State Construction 2.95 -0.03 (-1.01%) 88,500.00M 4.18 2.9 CN¥0.62 4.79
CNOOC 13.88* +0.12 (0.87%) 619,706.69M 16.62 12.04 HK$1.89 7.33
China Railway Construction 4.14 +0.02 (0.49%) 51,077.42M 6.46 3.95 CN¥0.84 4.92
China Railway Group 2.38 0.00 (0.00%) 50,693.76M 3.41 2.3 CN¥0.44 5.43
SAIC Motor 13.01 -0.05 (-0.38%) 143,442.62M 19 11.83 CN¥2.05 6.34
China Life Insurance 14.18 -0.12 (-0.84%) 400,793.53M 22 12.88 CN¥0.97 14.67
Dongfeng Motor 11.62* +0.36 (3.20%) 100,119.31M 13.28 9.48 HK$1.38 8.44
China Shenhua 14.57 +0.08 (0.55%) 289,791.76M 25.28 14.4 CN¥2.25 6.47
Ping An Insurance 39.5 -0.07 (-0.18%) 312,687.61M 53.27 31.69 CN¥3.45 11.45
China Telecom 3.73* +0.03 (0.81%) 301,877.74M 4.42 3.48 HK$0.26 14.44
China Communications Construction 3.85 +0.01 (0.26%) 62,272.73M 5.79 3.8 CN¥0.81 4.76
Bank of Communications 3.82 +0.02 (0.53%) 283,683.61M 5.68 3.65 CN¥0.84 4.53
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