China Coal, China Life, PetroChina, Vanke: China Equity Preview

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, rose 10.01, or 0.3 percent, to 2,919.14. The CSI 300 Index (SHSZ300) gained 0.5 percent to 3,222.96.

China Baoan Group Co. (000009 CH): The property developer said net income for 2010 rose 28 percent from a year ago to 325.5 million yuan ($49.7 million). The stock jumped 3.1 percent to 19.90 yuan.

China Coal Energy Co. (601898 CH): The nation’s second- largest coal producer said profit was little changed at 7.47 billion yuan last year. That compares with a mean estimate of 10.03 billion yuan in a Bloomberg survey of 17 analysts. The stock gained 0.4 percent to 11.29 yuan.

China CNR Corp. (601299 CH): The nation’s second-biggest train maker said it plans to raise as much as 10.7 billion yuan by selling up to 1.5 billion shares in a private placement. The stock gained 2.3 percent to 7.91 yuan.

China International Marine Containers (Group) Co. (000039 CH): The world’s largest maker of shipping containers said net income rose 213 percent from a year earlier to 3 billion yuan. The stock advanced 4.3 percent to 26.27 yuan.

China Life Insurance Co. (601628 CH): The nation’s biggest insurer said 2010 net income rose 2.3 percent from a year ago to 33.6 billion yuan. That compares with the median 33.5 billion yuan of 12 estimates compiled by Bloomberg. The stock added 0.7 percent to 21.14 yuan.

China Oilfield Services Ltd. (2883) (601808 CH): The drilling unit of the nation’s largest offshore oil producer said profit rose 32 percent from a year earlier to 4.13 billion yuan in 2010. That compares with the 4.04 billion-yuan mean estimate in a Bloomberg survey of 15 analysts. The shares fell 1.1 percent to 23.11 yuan.

China Vanke Co. (000002 CH): The nation’s largest developer by market value said it plans to offer share options for the company’s executives and managers. The price for the stock option is 8.89 yuan per share, it said. The stock closed unchanged at 8.30 yuan.

Datang International Power Generation Co. (601991 CH): The unit of China’s second-biggest electricity producer said profit rose 76 percent from a year earlier to 2.47 billion yuan in 2010 on increased demand. That compares with a mean estimate of 2.2 billion yuan in a Bloomberg survey of 15 analysts. The shares added 0.3 percent to 6.23 yuan.

Maanshan Iron & Steel (600808) Co. (600808 CH): The steelmaker said net income for 2010 jumped 181 percent from the previous year to 1.1 billion yuan. The shares slipped 0.3 percent to 3.72 yuan.

PetroChina Co. (601857 CH): The country’s largest oil producer is preparing to ship 10,000 tons of 93-RON gasoline and 10,000 tons of diesel from its refinery at Dalian to Japan, parent China National Petroleum Corp. reported on its website yesterday. The stock rose 0.1 percent to 11.76 yuan.

Shanghai Datun Energy Resources Co. (600508 CH): The coal producer said net income for 2010 rose 40 percent in 2010 from a year earlier to 1.33 billion yuan. The stock gained 0.3 percent to 28.42 yuan.

Wuhan Iron & Steel Co. (600005 CH): The steelmaker said it plans to raise up to 8.7 billion yuan through a share placement. The shares fell 0.4 percent to 4.78 yuan.

Zhongjin Gold Co. (600489 CH): The country’s second-largest bullion producer by market value said net income for 2010 rose 116 percent to 1.12 billion yuan. The stock climbed 2 percent to 37.09 yuan.

--Irene Shen, Zhang Shidong. Editor: Allen Wan

To contact Bloomberg News staff for this story: Irene Shen at +86-21-6104-3049 or ishen4@bloomberg.net; Zhang Shidong in Shanghai at +86-21-6104-3040 or szhang5@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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