Thursday, August 25, 2011

China Stock outlook august 25 2011

China Stock outlook august 25 2011 ; Shares of the following companies may have unusual moves in China trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, gained 74.17 points, or 2.9 percent, to 2,615.26. The CSI 300 Index (SHSZ300) rose 3.3 percent to 2,903.84.

Agricultural Bank of China Ltd. (601288) (601288 CH)
The nation’s largest lender by customers posted first-half net income of 66.7 billion yuan ($10.4 billion), according to a statement to the Hong Kong stock exchange. That compares with the median 65.8 billion yuan estimate of nine analysts in a Bloomberg News survey. The stock gained 2.3 percent to 2.64 yuan.

Air China Ltd. (601111) (601111 CH)
The world’s biggest carrier by market value said its first-half net income was 4.06 billion yuan, according to a statement to the Shanghai stock exchange. That compares with the median 4.3 billion yuan estimate of three analysts surveyed by Bloomberg. The stock climbed 6.7 percent to 9.62 yuan.

BYD Co. (002594 CH)
The Chinese automaker part-owned by Warren Buffett’s Berkshire Hathaway Inc. said its board of directors approved a plan to sell up to 6 billion yuan of bonds in China with a maturity of no longer than 10 years, according to a statement to the Shenzhen Stock Exchange. The shares advanced 0.9 percent to 25.96 yuan.

Changsha Zoomlion Heavy Industry Science and Technology Development Co. (000157 CH)
The nation’s second-biggest maker of concrete-handling machinery proposed selling as much as $1.5 billion of bonds overseas, with a term of no more than 10 years, according to a company statement to the Hong Kong Stock Exchange. The shares climbed 3.1 percent to 10.92 yuan.

China CNR Corp. (601299 CH)
The country’s second-biggest trainmaker said its first-half net income rose 145 percent from a year earlier to 1.6 billion yuan, according to a statement to the Shanghai Stock Exchange. The stock advanced 3 percent to 4.74 yuan.

China Cosco Holdings Co. (601919 CH)
The nation’s largest operator of dry-bulk ships by market value posted a first-half net loss of 2.76 billion yuan, according to a statement to the Shanghai Stock Exchange. That compares with the median estimate of a 1.5 billion yuan net loss in a Bloomberg News survey of nine analysts. The stock added 4.3 percent to 7.23 yuan.

China Southern Airlines Co. (600029 CH)
The nation’s second-largest airline said its first-half net income was 2.76 billion yuan, according to a statement to the Shanghai Stock Exchange. That compares with the median 2.8 billion yuan estimate of four analysts surveyed by Bloomberg. China Southern advanced 4.9 percent to 8.16 yuan.

FAW Car Co. (000800 CH)
The carmaker will invest 1 billion yuan to expand production capacity of D009-model vehicles to 80,000 units annually, according to a filing to the Shenzhen Stock Exchange. The shares gained 2.6 percent to 12.74 yuan.

Industrial & Commercial Bank of China (601398) Ltd. (601398 CH)
The nation’s biggest listed lender said first-half profit jumped 29 percent from a year earlier to a record 109.5 billion yuan on higher loans and fees. The stock added 2.5 percent to 4.18 yuan.

Jiangxi Copper Co. (600362 CH)
China’s biggest producer of the metal said first-half profit almost doubled to a record 4.31 billion yuan on higher prices and output, according to a statement to the Shanghai stock exchange, citing international accounting standards. It expects profit for the first nine months to rise by more than 50 percent, and plans to distribute an interim dividend of 2 yuan for every 10 shares held, it said.

The stock rose 4.3 percent to 32.95 yuan.

PetroChina Co. (601857 CH)
The nation’s biggest oil company said first-half net income climbed 1 percent from a year ago to 66 billion yuan. That compares with the 67.3 billion-yuan median estimate of six analysts surveyed by Bloomberg. The stock gained 2.6 percent to 10.10 yuan.

Shanxi Taigang Stainless Steel Co. (000825 CH)
China’s biggest producer of the rust-proof metal said first-half net income rose 3.5 percent from a year earlier to 838.4 million yuan, according to a statement to the Shenzhen Stock Exchange. The stock rose 3.7 percent to 4.75 yuan.

Shenzhen Zhongjin Lingnan Nonfemet Co. (000060 CH)
China’s third-largest zinc producer expects profit for the first nine months to rise by as much as 99.7 percent from the same period a year ago to 800 million yuan, according to a statement to the Shenzhen Stock Exchange. The shares gained 4.3 percent to 11.76 yuan.

Sichuan New Hope Agribusiness Co. (000876 CH)
The producer of animal feed said its first-half net income rose 91 percent from a year ago to 496 million yuan, the company said in a statement posted on the Shenzhen Stock Exchange. The shares advanced 4 percent to 19.42 yuan.

Yunnan Copper Industry Co. (000878) (000878 CH)
China’s fourth- biggest producer of the metal said its net income rose 167 percent in the first half from a year earlier to 574 million yuan, the smelting company said in a statement to the Shenzhen Stock Exchange. The shares added 4 percent to 20.08 yuan.

Zhongjin Gold Co. (600489 CH)
The country’s second-largest bullion producer said first-half net income rose 63 percent from a year earlier to 796.2 million yuan, according to a statement to the Shanghai Stock Exchange. The stock fell 0.5 percent to 27.82 yuan. (source /www.bloomberg.com )
For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

No comments:

Post a Comment