China Stocks: Chongqing Brewery, CSR, Sichuan Changhong
Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of the close.
Chongqing Brewery Co. (600132) (600132 CH), a brewer that also develops vaccine, tumbled 8.1 percent to 27.55 yuan, the biggest decline since March 15. The company said in a statement the future of its hepatitis B vaccine research was“uncertain.”
CSR Corp. (601766) (601766 CH), the nation’s biggest train maker, jumped 6.8 percent to 4.84 yuan, its biggest advance since Jan. 17. CSR will supply high-speed trains to Hong Kong and delivery of the first train will start next year, the Xinhua News Agency reported yesterday. The trains will be used for the Guangzhou- Shenzhen-Hong Kong Express Rail Link, which is expected to start operations in 2015, it said.
Sichuan Changhong Electric Co. (600839) (600839 CH), China’s second- biggest television maker, added 1.7 percent to 2.40 yuan. Net income rose 39 percent from a year earlier in 2011, Changhong said in a statement.
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