Cross-posted from Investing in Chinese Stocks.
The Dragon Boat plunge. 614 stocks limit down, 37 limit up.
Buy the dip! Big rises follow big drops! A股遭遇端午劫 1张图告诉你节后要不要抄底
As Shanghai corrects, securities regulators are attacking negative propaganda about the stock market, from iFeng: A股创近7年最大单周跌幅 分析称打新资金回流或反弹
An SFC spokesman Li Gang in the “2015 Lujiazui [ -5.68% funding research report ] Forum “note at the meeting, said recently, with the index continued to rise, the market is highly sensitive to information. Some criminals deliberately fabricating and spreading some false information, seriously disrupting the capital market order, and even led to volatility in the stock, the Commission has been concerned about some of the recent rumors of the capital market. For the market reflects the strong, serious harm to the market order of some of the major law violations, the Commission recently focused on the deployment of the 2015 French Open CSRC special enforcement action, including the fourth installment of the special enforcement action including specific fabricate or spread false or misleading information cases against five major law violations:
One article written in the media, fabricate, dissemination of information on the listed company mergers and acquisitions, regulatory enforcement dynamics and macroeconomic policy and other aspects of false or misleading information, disturb the market order.
Second, through the stock it, microblogging, letters and other new media to fabricate or disseminate untrue false or misleading news, have a relatively large impact on the stock price behavior.
Third, the media of newspapers, magazines and Internet sites and other violation of the true principles of objectivity, spread some false or misleading information, on the market behavior of serious adverse effects.
Fourth, investment consulting employees in publishing some false, misleading research reports, or illegal use of public media recommended stocks damage investor interests.
Five is not obtained qualification certificates of securities, illegal provision of services recommended stocks to confuse illegal profits of its fraudulent investor behavior.
And more, it’s good news! Chinese investors have not yet begun to sell, from iFeng: 证监会回应深交所调整成交量指标致暴跌：未现大量卖出
BEIJING, June 19, according to the Commission official microblogging news, the recent adjustment of the volume indicator on the Shenzhen Stock Exchange, the SFC spokesman Deng Ge 19 at a regular press conference, after the June 10 adjustment, Shenzhen Component Index rose for three days, funds and other institutional investors bought a net overall, did not show a lot of selling. I hope the majority of investors are cautious and differentiate between market rumors and rational investment.
And more, hurry up and buy! If you wait too long equity appreciation will lift equities to the fund’s limit: iFeng: 养老金投资方案望年底揭晓 官员建议大幅提高股票投资比例
National Social Security Fund Council, vice chairman Wang Zhongmin said the equity investment era is comprehensive and rapid way, the social security fund for 15 years of earnings in the coming year, more than 8%, which is mainly due to the equity investment market timely follow-up, long stick. He said that in the secondary market among the social security fund investment ratio never below 25 percent, the highest 40% had come close to this limit, currently at about 30%.
The problem can be seen in a random selection of company descriptions, with market cap and p/e ratios.
Market Cap $10B P/E 388.16
Yunnan Tourism Co., Ltd. is principally engaged in the tourist attractions business, real estate business, taxi and travel car business, conference hotel business, travel agency business, gardening and property business. In addition, it also involves in the wedding and conference business, and automotive repair business. The Company mainly operates its business in Yunnan province, China.
Market Cap $10B P/E 28,500.00
GUANGDONG ORIENT ZIRCONIC IND SCI & TECH CO., LTD. is principally engaged in the research, development, manufacture and distribution of zirconium products. The Company’s major products include zirconium oxychloride, zirconium dioxide, zirconium silicate, compound zirconium dioxide, structural ceramics, zirconium sponge, nuclear grade zirconium and titanium sand, among others. Its products are applied in electronics, ceramics, glass, petrochemical, building materials, medicine, textile, aerospace, machinery and commodities industries. The Company distributes its products within domestic market and to overseas markets.
Market Cap $11B P/E 4,239.44
Guangxi Future Technology Co Ltd, formerly Guangxi Beisheng Pharmaceutical Co.,Ltd., is primarily engaged in the communications technology, information technology, computer, technology development of electronic technology, technical services, technical consulting, computer network engineering, computer hardware and software development, communications equipment, automation control system sales, design, installation and after-sales services.
Market Cap $8.5B P/E 5,891.46
HUBEI LANDING HOLDING CO.,LTD. is a China-based company principally engaged in the manufacture and distribution of textile products. The Company’s main products include blankets, woolen cloth, yarn-dyed fabrics, suits. It distributes its products in the domestic market and to overseas markets.
Market Cap $7B P/E 5,163.24
FUJIAN SNOWMAN CO., LTD. is principally engaged in the research, development, manufacture and sale of ice making products. The Company mainly provides ice making systems, flake ice machines, cold water machines, tube ice machines, freezers and other ice machines. It also involves in the sale and installation of central air conditioning systems. The Company distributes its products in domestic market and to overseas markets.
Market Cap $6B P/E 4,985.71
MINFENG SPECIAL PAPER CO., LTD. is principally engaged in the research, development, manufacture and distribution of specialty paper. The Company’s main products consist of cigarette paper series, industrial paper, tracing paper series and capacitor paper series, among others. The Company distributes its products in both domestic and overseas markets.
Market Cap $63B P/E 10,754.62
SEARAINBOW HOLDING CORP. is principally engaged in the pharmaceutical electron transaction business and pharmaceutical e-commerce business. The Company’s pharmaceutical electron transaction and e-commerce businesses involve in drug, medical equipment and government procurement intermediary agent. The Company also operates medical welfare management business and property leasing business. The Company mainly operates its business in Hainan province and Beijing, China.
Market Cap $39B P/E 1,143.41
Faw Car Co., Ltd. is a China-based company principally engaged in the development, manufacture and sale of passenger cars. The Company provides its cars under the brand names of Besturn, Hongqi, Oley, Mazda and others. The Company operates its businesses mainly in eastern China, northern China, northeast China, southern China and other areas.
Market Cap $28B P/E 1,670.25
HUNAN DAKANG PASTURE FARMING CO.,LTD. is principally engaged in the breeding and distribution of pigs. The Company operates its businesses primarily through the breeding, production and distribution of pigs, piglets, fattening pigs and feedstuffs. The Company also provides slaughtered meat products. The Company distributes its products mainly in domestic market.
Market Cap $15B P/E 1,361.03
Nationz Technologies Inc. is principally engaged in design of integrated circuits (ICs). The Company operates its businesses through development and distribution of security chips, communication chips and solutions. It provides security chips, including universal serial bus (USB) key security chips, security storage chips, trusted computing chips, mobile payment chips and integrated solutions, as well as communication products, including communication interface chips and communication radio frequency chips. Its products are applied in fields such as electronic financing, electronic commerce, consuming application, communication system devices and wireless communication base stations, among others. The Company distributes its products in both domestic and overseas markets.
Market Cap $113B P/E 275.81
LESHI INTERNET INFORMATION & TECHNOLOGY CORP., BEI JING is a China-based company principally engaged in the Internet information service business. The Company provides online videos through Web browser, personal computer (PC) client-side, mobile client-side and television remote access. The Company is mainly involved in the provision of network video basic services and video platform value-added services. Its network video basic services include high-definition network video services, the distribution of online video copyright, and network ultra high definition display services; the video platform value-added services include video platform advertising and video platform distribution services, among others. On April 1, 2014, it acquired 100% stake in a Dongyang-based film company and 99.50% stake in a Tianjin-based media company. After that, the Company holds 100% stake in Dongyang-based film company and Tianjin-based media company.
Market Cap $143B P/E 153.81
SUNING COMMERCE GROUP CO., LTD. is engaged in the operation of franchised retail stores of household appliances in China. The Company mainly offers color televisions (TVs), audio and video (AV) players, disc players, refrigerators, washing machines, digital and information technology (IT) products, small household electrical appliances, air conditioners, telecommunications products and other products. The Company operates its business within domestic market and in overseas markets, including Hong Kong and Japan.
Market Cap $65B P/E 277.31
Wonders Information Co., Ltd. is a China-based company engaged in the provision of urban information software and services. The Company operates its businesses primarily through industry application software development, software and hardware system integration, as well as specialty information technology (IT) services. Its application software and services are applied in social security, health services, transportation, logistics, market regulation, environment and electronic government administration, among others. The Company operates its business within domestic market and to overseas markets.
Market Cap $111B P/E 345.06
AVIC Aircraft Co., Ltd. is a China-based company principally engaged in the production and sales of aircraft products. The Company’s main businesses consist of aviation, transportation equipment and construction material businesses. The Company mainly offers aircrafts, spare parts for automobiles, decoration materials and aluminum alloy materials, among others. The Company distributes its products in domestic markets and to overseas markets.
Market Cap $119 B P/E 378.23
Sinopec Oilfield Service Corporation, formerly Sinopec Yizheng Chemical Fibre Company Limited, is principally engaged in the manufacture and distribution of fibers and raw materials for fibers. The Company’s major products are polyester chips, bottle grade polyester chips, polyester staple fibers, polyester hollow fibers and polyester filaments, as well as purified terephthalic acid (PTA). The Company distributes its products within domestic market and to overseas markets. It also provides petroleum engineering technology service.
Market Cap $141B P/E 366.43
East Money Information Co., Ltd. is an operator of financial and economic information service platform. The Company is involved in the collection, integration and analysis of original information from data suppliers, as well as the provision of stock quotation, financial and economic information and data analysis services to terminal users through its financial data terminal platforms. The Company primarily offers paid financial data services, financial e-commerce services and Internet advertisement services through its Website Eastmoney (www.eastmoney.com). The Eastmoney Website provides financial information through several channels, including finance, stock, fund, financing, futures, bond, bank and insurance, among others.
For this last one, consider JRC Online (JRJC), which also sells financial information. This firm had $0.14 in earnings in the fourth quarter and is currently being sued by multiple law firms. JRJC has a market cap of $135 million, or a P/E of 43 based on Q4 earnings alone. If JRJC had East Money’s P/E, it would be priced at $51.
