Stock Watch

China Stock Watch 29/1/14

Another day of mostly moderate rises on the back of relief after the non-default – or, more precisely, that default that was paid up for by various institutions, governmental and otherwise. Only two stocks fell on the day: PetroChina fell 0.13% to RMB7.55, while Noble Group lost 0.52% to SG$0.965. China Telecom did best on the day, rising 1.97% to HK$3.63. Close behind was ICBC, up 1.47% to RMB3.44 (as investors breathed a sigh of relief).

The aversion of a default, of course, does not solve any of the problems surrounding the shadow banking industry and the subsequent likely defaults ahead. It speaks of a particular, and deserved, nervousness around the quality of the financial infrastructure in China. The unwillingness to allow, or come to terms with, zombie loans and zombie institutions, to embrace “creative destruction”, is all too reminiscent of the Japanese bubble experience. The relief of the markets may be genuine, but it is also artificially-induced, delaying the reckoning at risk of further infection.

The Shanghai Composite rose to 2,049.91, gaining 11.40 points (+0.56%)

Name Price Change Mkt cap 52wk high 52wk low EPS P/E
Sinopec 4.5 +0.01 (0.22%) 524,543.91M 7.03 4.05 CN¥0.62 7.32
PetroChina 7.55 -0.01 (-0.13%) 1.38B 9.5 7.08 CN¥0.68 11.17
ICBC 3.44 +0.05 (1.47%) 1.21B 4.53 3.33 CN¥0.74 4.68
China Construction Bank 3.96 +0.03 (0.76%) 990,043.48M 5.19 3.8 CN¥0.85 4.68
Agricultural Bank 2.4 +0.03 (1.27%) 779,505.91M 3.28 2.35 CN¥0.50 4.78
Bank of China 2.52 +0.03 (1.20%) 703,998.67M 3.26 2.45 CN¥0.53 4.75
China Mobile 74.35* 0.00 (0.00%) 1.49B 89.2 74.25 HK$8.21 9.05
Noble Group 0.965 -0.005 (-0.52%) 6,395.13M 1.27 0.785 SGD0.04 26.39
China State Construction 3.04 +0.01 (0.33%) 91,200.00M 4.18 2.9 CN¥0.62 4.94
CNOOC 12.24* +0.08 (0.66%) 546,484.85M 16.52 12.04 HK$1.90 6.45
China Railway Construction 4.16 +0.02 (0.48%) 51,324.17M 6.25 3.95 CN¥0.84 4.94
China Railway Group 2.45 +0.01 (0.41%) 52,184.76M 3.36 2.3 CN¥0.44 5.59
SAIC Motor 13.09 0.00 (0.00%) 144,324.67M 19 11.83 CN¥2.05 6.38
China Life Insurance 13.89 +0.07 (0.51%) 392,596.76M 22 12.88 CN¥0.97 14.37
Dongfeng Motor 11.76* +0.06 (0.51%) 101,325.57M 13.28 9.48 HK$1.38 8.53
China Shenhua 14.06 +0.03 (0.21%) 279,648.07M 25.28 13.97 CN¥2.25 6.25
Ping An Insurance 39.27 +0.11 (0.28%) 310,866.90M 53.27 31.69 CN¥3.45 11.39
China Telecom 3.63* +0.07 (1.97%) 293,784.51M 4.32 3.48 HK$0.26 14.02
China Communications Construction 3.85 +0.02 (0.52%) 62,272.73M 5.79 3.74 CN¥0.81 4.76
Bank of Communications 3.8 0.00 (0.00%) 282,198.36M 5.68 3.65 CN¥0.84 4.51
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China Stock Watch 28/1/14

Stocks rebounded for the most part on news of China Credit Trust reaching an agreement to repay the capital for investors. This comes to around RMB3 billion, or US$500 million. The terse (surprise) statement in China Credit Trust’s website amounts to two lines and did not identify the new source of funds, but the Wall Street Journal suggests officials in (not necessarily from) Shanxi province, where the coal company which issued the bond is based, set up the deal.

This, of course leads to the issue of moral hazard. If a US$500m trust cannot go bust (in an economy of almost $US10bn), then lunatic schemes can go uncorrected by market rigour. On the other hand, the whole shadow banking industry does rather rest on the belief that the government will ultimately bail it out if necessary. If that were disproved, the whole thing could collapse. Chalk this up for a victory of expediency rather than financial discipline. It reminds me of the UK Conservative government of 1970-1974 pledging to stop supporting “lame duck” companies… and then doing precisely that. The parallel with Japan’s zombie banks also spring immediately to mind.

Today saw moderate gains for most major stocks. Fifteen appreciated on the day, with first prize going to Dongfeng Motor, up 2.1% to HK$11.66; Bank of Communications was next, putting on 1.3% to RMB3.8 a share. Only Sinopec, China Mobile, CNOOC, Shenhua Group, and China Telecom fell, with China Mobile showing the largest decline, at 0.73% (to HK$74.40).

The Shanghai Composite closed at 2038.51, up 5.21 (+0.26%).

Name Price Change Mkt cap 52wk high 52wk low EPS P/E
Sinopec 4.49 -0.03 (-0.66%) 523,378.23M 7.03 4.05 CN¥0.62 7.3
PetroChina 7.57 +0.05 (0.66%) 1.39B 9.5 7.08 CN¥0.68 11.2
ICBC 3.39 +0.03 (0.89%) 1.19B 4.53 3.33 CN¥0.74 4.61
China Construction Bank 3.92 +0.01 (0.26%) 980,043.05M 5.19 3.8 CN¥0.85 4.63
Agricultural Bank 2.38 +0.02 (0.85%) 773,010.04M 3.28 2.35 CN¥0.50 4.74
Bank of China 2.49 +0.01 (0.40%) 695,617.74M 3.26 2.45 CN¥0.53 4.69
China Mobile 74.40* -0.55 (-0.73%) 1.50B 89.2 74.2 HK$8.20 9.07
Noble Group 0.955 +0.005 (0.53%) 6,362.00M 1.27 0.785 SGD0.04 26.26
China State Construction 3.03 +0.03 (1.00%) 90,900.00M 4.18 2.9 CN¥0.62 4.92
CNOOC 12.16* -0.06 (-0.49%) 542,913.06M 16.52 12.04 HK$1.89 6.42
China Railway Construction 4.14 +0.01 (0.24%) 51,077.42M 6.25 3.95 CN¥0.84 4.92
China Railway Group 2.44 +0.03 (1.24%) 51,971.76M 3.36 2.3 CN¥0.44 5.57
SAIC Motor 13.1 +0.03 (0.23%) 144,434.93M 19 11.83 CN¥2.05 6.39
China Life Insurance 13.82 +0.06 (0.44%) 390,618.21M 22 12.88 CN¥0.97 14.3
Dongfeng Motor 11.66* +0.24 (2.10%) 100,463.96M 13.28 9.48 HK$1.38 8.46
China Shenhua 14.01 -0.08 (-0.57%) 278,653.59M 25.28 13.97 CN¥2.25 6.22
Ping An Insurance 39.15 +0.15 (0.38%) 309,916.97M 53.27 31.69 CN¥3.45 11.35
China Telecom 3.56* -0.02 (-0.56%) 288,119.23M 4.32 3.48 HK$0.26 13.77
China Communications Construction 3.83 +0.01 (0.26%) 61,949.24M 5.79 3.74 CN¥0.81 4.73
Bank of Communications 3.8 +0.05 (1.33%) 282,198.36M 5.68 3.65 CN¥0.84 4.51

China Stock Watch 24/1/14

Stock performance was mixed today, after the sharp ups and downs of the past week. Ten rose on the day, with Dongfeng Motor easily the best of them, up 2.98% to HK$11.74, on news of approval of a joint venture with Volvo; none of the other nine put on more than 1%, though SAIC Motor came closest, appreciating by 0.92% to RMB13.92.

Declines were led by Noble Group, down 2.55% to SG$0.955, helping make it the second worst performer over the week (see below), and Ping An Insurance, down 1.12% to RMB40.54.

The stories of the tax haven accounts does not seem to have particularly disturbed Chinese stocks, despite revelations concerning Sinopec and PetroChina, for example. The dump of 37,000 documents pertaining to offshore accounts from China, Hong Kong and Taiwan will take time to comb through, and one should be prepared from more stories blowing up over the coming weeks (if the Guardian and co are doing their job properly). Yet I somehow wonder how much of a problem this will be for the biggest Chinese stocks. If their biggest shareholders are institutional investors, such as state pension funds etc, then the expectation of a “shareholder revolt” can be forgotten. It would simply be too embarrassing for the party. This is not to say that executives won’t be punished, but a full-frontal assault bringing up awkward details is not the party’s style.

The Shanghai Composite closed at 2,054.39, gaining 12.21 points (+0.60%).

Name Price Change Mkt cap 52wk high 52wk low EPS P/E
Sinopec 4.6 +0.02 (0.44%) 536,200.43M 7.03 4.05 CN¥0.62 7.48
PetroChina 7.62 0.00 (0.00%) 1.39B 9.5 7.08 CN¥0.68 11.28
ICBC 3.4 0.00 (0.00%) 1.19B 4.53 3.38 CN¥0.74 4.62
China Construction Bank 3.92 0.00 (0.00%) 980,043.05M 5.19 0 CN¥0.85 4.63
Agricultural Bank 2.37 +0.01 (0.42%) 769,762.02M 3.28 2.35 CN¥0.50 4.72
Bank of China 2.5 +0.02 (0.81%) 698,411.38M 3.26 2.45 CN¥0.53 4.71
China Mobile 76.40* -0.60 (-0.78%) 1.54B 89.2 74.9 HK$8.20 9.31
Noble Group 0.955 -0.025 (-2.55%) 6,328.86M 1.27 0.785 SGD0.04 26.13
China State Construction 3.04 +0.02 (0.66%) 91,200.00M 4.18 2.9 CN¥0.62 4.94
CNOOC 12.72* -0.02 (-0.16%) 567,915.65M 16.52 12.04 HK$1.89 6.71
China Railway Construction 4.24 +0.01 (0.24%) 52,311.17M 6.25 3.95 CN¥0.84 5.04
China Railway Group 2.46 +0.01 (0.41%) 52,397.75M 3.36 2.3 CN¥0.44 5.61
SAIC Motor 13.19 +0.12 (0.92%) 145,427.22M 19 11.83 CN¥2.05 6.43
China Life Insurance 14.36 -0.15 (-1.03%) 405,881.15M 22 12.88 CN¥0.97 14.86
Dongfeng Motor 11.74* +0.34 (2.98%) 101,153.25M 13.28 9.48 HK$1.38 8.52
China Shenhua 14.37 +0.12 (0.84%) 285,813.84M 25.28 13.97 CN¥2.25 6.38
Ping An Insurance 40.54 -0.46 (-1.12%) 320,920.41M 53.27 31.69 CN¥3.45 11.75
China Telecom 3.68* +0.02 (0.55%) 297,831.12M 4.4 3.48 HK$0.26 14.23
China Communications Construction 3.86 0.00 (0.00%) 62,434.48M 5.79 3.74 CN¥0.81 4.77
Bank of Communications 3.74 0.00 (0.00%) 277,742.60M 5.68 3.65 CN¥0.84 4.44

Week’s Movers

For a change, more stocks rose over the week (twelve) than fell (five). Transport and infrastructure stocks did best – with SAIC Motor gaining 5.69%, China Railway Group 3.36% and China Railway Construction 3.16%, while China State Construction put on 2.36%. As we’ve consistently seen in the business briefs, Chinese companies are busy constructing roads, harbours and rail throughout Africa, central Asia and increasingly in Europe, too.

CNOOC led the fallers, precipitated by missing annual production targets, and for the third year in a row, losing 8.88% over the week.

risers

fallers

China Stock Watch 23/1/14

After yesterday’s nearly unanimous gains, the lower-than-expected manufacturing Purchasing Managers’ Index report today has led to across-the-board losses. Declines ranged from 3.43% in the case of Noble Group to a marginal 0.08% for SAIC Motor. The problem was, not only was the PMI index lower than expected, but coming in at 49.6, it indicated contraction. If so, the Chinese economy may well be slowing faster than expected. It may be that with Chinese New Year coming up, purchases are being delayed, but give liquidity worries, it could equally be that businesses are holding off on investment until the business and macroeconomic environment stabilizes.

The other really interesting story concerns a judge ruling that the Chinese units of the “Big 4” auditors (Ernst & Young, KMPG, Deloitte and PwC) should barred from auditing US-listed companies for six months. The stand-off over their refusal to pass documents to the Securities Commission has been rumbling on for some time, and while it may seem esoteric, comes down to the ability of the US to control and administer its markets as it sees fit. It is an intriguing case of two nations with deep-seated belief in their exceptionalism. As Prof Gillis notes, the consequence may well be state-owned enterprises withdrawing from their US listings.

The Shanghai Composite fell 9.57 points (or -0.47%) to close at 2,042.18.

Name Price Change Mkt cap 52wk high 52wk low EPS P/E
Sinopec 4.58 -0.07 (-1.51%) 533,869.13M 7.03 4.05 CN¥0.62 7.45
PetroChina 7.62 -0.07 (-0.91%) 1.39B 9.5 7.08 CN¥0.68 11.28
ICBC 3.41 -0.02 (-0.58%) 1.20B 4.53 3.38 CN¥0.74 4.64
China Construction Bank 3.92 -0.04 (-1.01%) 980,043.05M 5.19 3.8 CN¥0.85 4.63
Agricultural Bank 2.37 -0.02 (-0.84%) 769,762.02M 3.28 2.35 CN¥0.50 4.72
Bank of China 2.49 -0.02 (-0.80%) 695,617.74M 3.26 2.45 CN¥0.53 4.69
China Mobile 77.00* -0.65 (-0.84%) 1.55B 89.2 74.9 HK$8.20 9.39
Noble Group 0.985 -0.035 (-3.43%) 6,527.67M 1.27 0.785 SGD0.04 26.99
China State Construction 3.02 -0.05 (-1.63%) 90,600.00M 4.18 2.9 CN¥0.62 4.9
CNOOC 12.74* -0.12 (-0.93%) 568,808.58M 16.52 12.04 HK$1.89 6.73
China Railway Construction 4.23 -0.07 (-1.63%) 52,187.80M 6.25 3.95 CN¥0.84 5.02
China Railway Group 2.45 -0.03 (-1.21%) 52,184.76M 3.36 2.3 CN¥0.44 5.59
SAIC Motor 13.08 -0.01 (-0.08%) 144,214.41M 19 11.83 CN¥2.05 6.38
China Life Insurance 14.51 -0.13 (-0.89%) 410,120.88M 22 12.88 CN¥0.97 15.01
Dongfeng Motor 11.44* -0.14 (-1.21%) 98,568.41M 13.28 9.48 HK$1.38 8.31
China Shenhua 14.26 -0.13 (-0.90%) 283,625.99M 25.28 13.97 CN¥2.25 6.33
Ping An Insurance 41 -0.81 (-1.94%) 324,561.83M 53.27 31.69 CN¥3.45 11.89
China Telecom 3.66* -0.05 (-1.35%) 296,212.48M 4.4 3.48 HK$0.26 14.16
China Communications Construction 3.86 -0.03 (-0.77%) 62,434.48M 5.79 3.74 CN¥0.81 4.77
Bank of Communications 3.75 -0.03 (-0.79%) 278,485.22M 5.68 3.65 CN¥0.84 4.45

China Stock Watch 22/1/14

The big news today is of course the revelations (if something so unsurprising can be revelatory) of the offshore haven fortunes of China’s princelings and leaders. One of the main implications for business in China will be for facilitators such as PricewaterhouseCoopers, UBS and Credit Suisse etc. It will be difficult for any foreign company to work with them in China without the suspicion of corruption. Fallout for the tax-haven companies themselves won’t be such a problem; they are not there to conduct business after all, but to facilitate the smooth transfer of large amounts of capital from China to a safe place. It will be interesting to see if there are shareholder revolts for major companies caught up in the disclosures of offshore entities.

China-watcher Bill Bishop commented that the Chinese leadership will believe that “it is under attack from Western media“, after similar exposes of the fortunes of the family of Wen Jiabao and Xi Jinping. Perhaps so. They do provide an enormously satisfying target, in a country where they have a ruthless monopoly of power. Nonetheless, with power and prominence comes scrutiny, for which their behaviour suggests they are not prepared.

With the PBOC having provided fresh liquidity on Monday, stocks continued to rebound, with nineteen of the twenty blue chips finishing up on the day’s trading. SAIC Motor (up 3.23% to RMB13.09) and China Telecom (up 2.49% to HK$3.70) were the best performers, though a full fourteen out of twenty rose by over 1%. Only CNOOC fell, with yesterday’s disappointing news of missed targets still depressing investors; it closed down 1.99% to HK$12.82.

The Shanghai Composite finished at 2,051.75, up 43.44 (+2.16%). Increasing the (feeling of) wealth of ordinary Chinese is the only means of legitimacy the party has. This may mean that tough choices which reduce short-term growth in favour of restructuring will be delayed. More sabre-rattling in the South China Sea is another possibility for a pressurised leadership. Neither is encouraging for those who wish China well.

Name Price Change Mkt cap 52wk high 52wk low EPS P/E
Sinopec 4.64 +0.03 (0.65%) 540,863.04M 7.03 4.05 CN¥0.62 7.54
PetroChina 7.7 +0.07 (0.92%) 1.41B 9.5 7.08 CN¥0.68 11.4
ICBC 3.43 +0.03 (0.88%) 1.21B 4.53 3.38 CN¥0.74 4.66
China Construction Bank 3.96 +0.04 (1.02%) 990,043.48M 5.19 3.8 CN¥0.85 4.68
Agricultural Bank 2.38 +0.01 (0.42%) 773,010.04M 3.28 2.35 CN¥0.50 4.74
Bank of China 2.51 +0.04 (1.62%) 701,205.02M 3.26 2.45 CN¥0.53 4.73
China Mobile 77.85* +0.70 (0.91%) 1.56B 89.2 74.9 HK$8.20 9.49
Noble Group 1.01 +0.01 (1.00%) 6,726.49M 1.27 0.785 SGD0.04 27.82
China State Construction 3.07 +0.07 (2.33%) 92,100.00M 4.18 2.9 CN¥0.62 4.98
CNOOC 12.82* -0.26 (-1.99%) 572,380.37M 16.52 12.04 HK$1.89 6.77
China Railway Construction 4.3 +0.10 (2.38%) 53,051.43M 6.25 3.95 CN¥0.84 5.11
China Railway Group 2.48 +0.06 (2.48%) 52,823.75M 3.36 2.3 CN¥0.44 5.66
SAIC Motor 13.09 +0.41 (3.23%) 144,324.67M 19 11.83 CN¥2.05 6.38
China Life Insurance 14.65 +0.35 (2.45%) 414,077.92M 22 12.88 CN¥0.97 15.16
Dongfeng Motor 11.70* +0.18 (1.56%) 100,808.60M 13.28 9.48 HK$1.38 8.49
China Shenhua 14.39 +0.24 (1.70%) 286,211.65M 25.28 13.97 CN¥2.25 6.39
Ping An Insurance 41.85 +0.50 (1.21%) 331,290.53M 53.27 31.69 CN¥3.45 12.13
China Telecom 3.70* +0.09 (2.49%) 299,449.77M 4.41 3.48 HK$0.26 14.31
China Communications Construction 3.89 +0.08 (2.10%) 62,919.72M 5.79 3.74 CN¥0.81 4.81
Bank of Communications 3.77 +0.04 (1.07%) 279,970.48M 5.68 3.65 CN¥0.84 4.47

China Stock Watch 21/1/14

After yesterday’s pessimism over the spiking interbank rate and worries over trust product defaults, stocks rebounded upon a RMB2255bn liquidity injection from the PBOC. Cash shortages were partly down to the run-up to Chinese New Year, although evidently the influence of funds from Alibaba and Ping An Insurance, for example, which offer substantially over the bank rate, is helping dry up bank deposits. The expectation is that with the PBOC sitting on massive FX reserves, it will be able to smooth over the bumps as banks have less deposits, SOEs have less access to capital (and hence are issuing more overseas bonds), and as the trust products and the shadow banking industry fail to provide the promised dividends. Time will tell, but the basic system of the Chinese economy is undergoing a rapture, and chances are there will be victims. Stocks trading around or even below book value is an almighty red flag.

On today’s trading, then, railway stocks did best, with China Railway Group gaining 2.19% to RMB4.2 a share, and China Railway Construction adding 1.68% to close at RMB2.42. Twelve of the twenty major stocks closed up, though only the aforementioned pair, SAIC Motor and Ping An Insurance put on over 1%. CNOOC had a very bad day, going down 6.3% to HK$13.08 on news that it had failed to meet production targets for the third year running. Energy stocks were otherwise flat, with China’s slower growth believed to herald lower growth in energy usage; both Sinopec and PetroChina finished the day as they started.

The Shanghai Composite closed at 2,008.31, having gained 17.06 points, or 0.86%.

Name Price Change Mkt cap 52wk high 52wk low EPS P/E
Sinopec 4.62 0.00 (0.00%) 538,531.74M 7.03 4.05 CN¥0.62 7.51
PetroChina 7.63 0.00 (0.00%) 1.40B 9.5 7.08 CN¥0.68 11.29
ICBC 3.4 0.00 (0.00%) 1.19B 4.53 3.38 CN¥0.74 4.62
China Construction Bank 3.92 +0.02 (0.51%) 980,043.05M 5.19 3.8 CN¥0.85 4.63
Agricultural Bank 2.37 +0.01 (0.42%) 769,762.02M 3.28 2.35 CN¥0.50 4.72
Bank of China 2.47 0.00 (0.00%) 690,030.45M 3.26 2.45 CN¥0.53 4.65
China Mobile 77.15* +0.50 (0.65%) 1.55B 89.2 74.9 HK$8.19 9.41
Noble Group 1 -0.01 (-0.99%) 6,660.21M 1.27 0.785 SGD0.04 27.64
China State Construction 3 +0.02 (0.67%) 90,000.00M 4.18 2.9 CN¥0.62 4.87
CNOOC 13.08* -0.88 (-6.30%) 583,988.72M 16.52 12.04 HK$1.89 6.91
China Railway Construction 4.2 +0.09 (2.19%) 51,817.67M 6.25 3.95 CN¥0.84 4.99
China Railway Group 2.42 +0.04 (1.68%) 51,545.76M 3.36 2.3 CN¥0.44 5.52
SAIC Motor 12.68 +0.20 (1.60%) 139,804.19M 19 11.83 CN¥2.05 6.18
China Life Insurance 14.3 +0.08 (0.56%) 404,185.29M 22 12.88 CN¥0.97 14.79
Dongfeng Motor 11.52* -0.04 (-0.35%) 99,257.71M 13.28 9.48 HK$1.38 8.37
China Shenhua 14.15 +0.06 (0.43%) 281,438.12M 25.28 13.97 CN¥2.25 6.29
Ping An Insurance 41.37 +0.65 (1.60%) 327,490.79M 53.27 31.69 CN¥3.45 11.99
China Telecom 3.61* -0.01 (-0.28%) 292,165.84M 4.42 3.48 HK$0.26 13.98
China Communications Construction 3.81 +0.02 (0.53%) 61,625.74M 5.79 3.74 CN¥0.81 4.71
Bank of Communications 3.73 +0.01 (0.27%) 276,999.97M 5.68 3.65 CN¥0.84 4.43

China Stock Watch 20/1/14

Lots of economic data in today, with the quarterly GDP figure the biggest of them all. The 7.7% annualised rate sounds hunky-dory, especially from a Western perspective (the UK economy, for example, has still not approached its 2008 peak – it has had negative growth over the past six years), but the merest closer look provides a lot of worrying trends and fears of systemic failures. The whole basis for Chinese economic development over the past thirty years looks like it has come to a pretty juddering halt. (Though the tremors have been discernible for some time). The main players in the current setup are now hurting badly, as can be seen by their share performance. The state-owned banks (in several cases trading around net asset value, and which are trading around their 52-week low), both provide early portents of financial stress and are some of the main causes of the economic malaise. I am not usually so bearish, but recent trends seem to be adding up to a very worrying picture. Xi Jinping and Li Keqiang have a real job on their hands.

Fourteen of the major stocks (it’s hard to call them “blue chip”) fell on the day, while only three rose and two were flat. China Life Insurance showed the biggest decline, down 2.53% to RMB14.23, while Dongfeng Motor came next, going down 1.87% to HK$11.56. Only Agricultural Bank, CNOOC and China Construction Engineering came out of the day ahead, with CNOOC doing the best with a rise of 0.72% to HK$13.96.

The Shanghai Composite finally breached the 2000 level, closing down 13.70 points (-0.68%) to finish at 1,991.25. My prediction of sufficient share buy-backs to prop up the market were evidently wrong. It may be down to lack of ready cash on the part of the SOEs, but who can tell?

Name Price Change Mkt cap 52wk high 52wk low EPS P/E
Sinopec 4.6 -0.06 (-1.29%) 536,200.43M 7.03 4.05 CN¥0.62 7.48
PetroChina 7.63 -0.12 (-1.55%) 1.40B 9.5 7.08 CN¥0.68 11.29
ICBC 3.39 -0.02 (-0.59%) 1.19B 4.53 3.38 CN¥0.74 4.61
China Construction Bank 3.9 -0.03 (-0.76%) 975,042.84M 5.19 3.8 CN¥0.85 4.61
Agricultural Bank 2.37 +0.01 (0.42%) 769,762.02M 3.28 2.35 CN¥0.50 4.72
Bank of China 2.46 -0.02 (-0.81%) 687,236.81M 3.26 2.45 CN¥0.53 4.63
China Mobile 76.75* -1.10 (-1.41%) 1.54B 89.2 74.9 HK$8.19 9.37
Noble Group 1.01 -0.01 (-0.98%) 6,726.49M 1.27 0.785 SGD0.04 27.92
China State Construction 2.97 -0.01 (-0.34%) 89,100.00M 4.18 2.9 CN¥0.62 4.82
CNOOC 13.96* +0.10 (0.72%) 623,278.49M 16.52 12.04 HK$1.89 7.38
China Railway Construction 4.11 0.00 (0.00%) 50,707.30M 6.26 3.95 CN¥0.84 4.88
China Railway Group 2.38 0.00 (0.00%) 50,693.76M 3.36 2.3 CN¥0.44 5.43
SAIC Motor 12.48 -0.15 (-1.19%) 137,599.07M 19 11.83 CN¥2.05 6.08
China Life Insurance 14.23 -0.37 (-2.53%) 402,206.74M 22 12.88 CN¥0.97 14.72
Dongfeng Motor 11.56* -0.22 (-1.87%) 99,602.35M 13.28 9.48 HK$1.38 8.4
China Shenhua 14.09 -0.14 (-0.98%) 280,244.76M 25.28 13.97 CN¥2.25 6.26
Ping An Insurance 40.75 -0.11 (-0.27%) 322,582.79M 53.27 31.69 CN¥3.45 11.81
China Telecom 3.62* -0.04 (-1.09%) 292,975.16M 4.42 3.48 HK$0.26 14.02
China Communications Construction 3.8 +0.01 (0.26%) 61,463.99M 5.79 3.74 CN¥0.81 4.7
Bank of Communications 3.72 0.00 (0.00%) 276,257.35M 5.68 3.65 CN¥0.84 4.42