China Shipping, Citic Securities, Poly: China Equity Preview
The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.
China Merchants Securities Co. (600999 CH): The brokerage firm said it posted net income of 321.8 million yuan ($48.4 million) in November on sales of 676.98 million yuan. The stock gained 3 percent to 21.18 yuan.
China Shipping Container Lines Co. (601866 CH): The company said 5.36 billion shares owned by its parent firm will become tradable on the Shanghai Stock Exchange on Dec. 13. The stock dropped 0.7 percent to 4.01 yuan.
Citic Securities Co. (600030 CH): China’s biggest listed brokerage said November net income was 4.19 billion yuan on sales of 7.15 billion yuan. The stock gained 4.4 percent to 13.74 yuan.
Chongqing Iron & Steel Co. (601005 CH): The steelmaker said it plans to raise as much as 2 billion yuan by selling seven- year bonds to institutional and individual investors. The stock fell 0.8 percent to 3.85 yuan.
COFCO Property (Group) Co. (000031 CH): The property developer said it plans to raise as much as 600 million yuan through a trust plan from Kunlun Trust Co. by collateralizing its stake in China Merchants Securities Co. The stock added 0.2 percent to 6.53 yuan.
Dongfeng Automobile Co. (600006 CH): The company that makes light trucks in China with Nissan Motor Co. said November auto sales rose 38 percent to 27,824 units from 20,160 units a year ago. The stock fell 1.7 percent to 5.30 yuan.
Guoyuan Securities Co. (000728 CH): The brokerage firm’s November net income was 41.9 million yuan on sales of 127 million yuan. The shares rose 3.1 percent to 12.85 yuan.
Haitong Securities Co. (600837 CH): The brokerage said it had net income of 211.5 million yuan in November, on sales of 565.9 million yuan. The stock advanced 6.5 percent to 10.73 yuan.
Hong Yuan Securities Co. (000562 CH): The securities firm said it earned 56.5 million yuan in net income and had revenue of 258.9 million yuan in November. The stock rose 4.2 percent to 18.89 yuan.
Industrial & Commercial Bank of China Ltd. (601398 CH): Pakistan will approve an application by the Chinese bank to start operations in the Asian nation, the Financial Times reported, citing comments from Pakistan central bank Governor Shahid Kardar. ICBC, the nation’s biggest listed lender, added 0.2 percent to 4.34 yuan.
Poly Real Estate Group Co. (600048 CH): China’s second- largest developer by market value said November sales were 6.8 trillion yuan. Sales between January and November gained 42 percent from a year ago to 57.1 trillion yuan, it said. The shares added 1.1 percent to 12.58 yuan.
SAIC Motor Corporation Ltd. (600104 CH): China’s largest domestic automaker said November sales rose 26 percent to 317,398 units from 252,190 units a year ago. The stock declined 1.3 percent to 16.38 yuan.
Xinjiang Goldwind Science & Technology Co. (002202 CH): The country’s biggest listed maker of wind turbines said it won open tenders to supply wind-turbine generators to eight projects in Hebei and Xinjiang provinces for 4.77 billion yuan. The stock slid 3 percent to 22.09 yuan.
To contact the editor responsible for this story: Darren Boey at email@example.com