Category: Money tips Release Date: 2007-03-15
Source: Zhongshan Securities
Investors recently earned a index does not make money are quite common, especially in today's disk is completely reflected. With the listing of ICBC's smooth, the market madness of the lift near the main fund of funds large cap blue chip Shigekura, we analyze the reasons nothing more than the following: one with the ICBC listing, tape phased high point, and even throughout the year to basically achieve high , later will present trend of consolidation and shipment; two of the Fund Annual Report for doing crazy pulled further for this year's bull market to make great things; third is from a variety of information reflecting the Fund and the QFII close to full houses, and only concentrate their firepower attacks on the Fund Shigekura species; Fourth QFII funds and close to full houses also told us, and the prices have already entered the stage of the high points, underweight positions in the hands of a post-only option. Today, we have for everyone is expected to recommend a future "28" big in an absolute leading varieties?? (600028), Sinopec: Value of blue-chip stock index futures and the only option!
China ranks world's top 500 No. 1!
China Petroleum & Chemical Co., Ltd. is an integration of the middle and lower reaches, petroleum and petrochemicals main highlight, with a relatively complete sales network, inside and outside the joint-stock companies listed. The company was launched exclusively by way of February 28, 2000, established joint-stock enterprises. Sinopec issued 16.78 billion shares H shares on October 18, 2000, 19 were in Hong Kong, New York, London Stock Exchange has successfully issued three listed; July 16, 2001 at the Shanghai Stock Exchange, shares of the success of the issuance of domestic public 2.8 billion shares. At present, Sinopec shares of the total share capital of 86.702 billion. China Petrochemical Group Corporation held by state-owned shares of the total share capital of 55.06%, no flow of other state-owned shares and legal person shares accounted for 22.36%, foreign stocks accounted for 19.35%, 3.23% domestic social public float. Sinopec is China's largest integrated energy and chemical company engaged in oil and gas exploration and development, exploitation, sale; petroleum refining, petrochemical, chemical fiber, fertilizer and other chemical production and product sales, storage and transportation; oil and natural gas pipelines transportation; petroleum, natural gas, petroleum products, petrochemical and other chemical products and other commodities, technology import and export, import and export business agent; technology, information research, development, application. Is China's largest oil products (including gasoline, diesel, aviation kerosene wholesale and retail) manufacturers and suppliers, is the largest major petrochemical products (including intermediate petrochemical products, synthetic resin, synthetic fiber monomers and polymers, synthetic fiber, synthetic rubber and fertilizer) manufacturers and suppliers, is the second largest crude oil producer. In the U.S. magazine "Fortune" 2006 Global 500 ranking of the 23 ranks, ranking China first!
International crude oil futures prices fell the biggest beneficiaries!
Sinopec is a business involved in operations on the middle and lower reaches of the energy and chemical businesses, the distribution of its assets, the company mainly engaged in refining assets concentrated in the chemical and oil marketing sectors, including oil and gas assets, equivalent to 25% of total assets, refining assets, accounting for 27 %, chemical industry accounted for 23% of assets, marketing and distribution of assets accounted for 20%. Crude oil prices in the international context, will also constitute a trend after the resumption of its positive impact. According to the company business plan, in 2006 plans to produce 39.8 million tons of crude oil, equivalent to 282.58 million barrels of crude oil 146 million tons, equivalent to 10.366 million barrels; of these in the second half will produce 141.69 million barrels of crude oil, processed 527.672 million barrels of crude oil. In the second half of the country no longer assume that oil price adjustments in the second half than the first half of the price of crude oil fell 10 U.S. dollars / barrel, China's Sinopec oil revenues will decline 1416.9 millions of dollars, but because the increased revenue decline in crude oil processing costs will reach 5276.72 million U.S. dollars. In fact the first half of 2006, New York light sweet crude oil futures market, the average price of 67.1 U.S. dollars per barrel. Although access to the international oil prices soaring in July, this year's July 14 record 77.95 U.S. dollars / barrel a new high, but the August 8, the international oil market showed a unilateral down, and by the end of September it has been hovering around 60 U.S. dollars back. International crude oil prices brought about the reform of refined oil pricing mechanism is expected to speed up the refining segment is expected to profitability next year. If in the future for some time the international crude oil futures prices continued to 55-65 U.S. dollars / barrel oscillation between the domestic refined oil prices are expected to be able to speed up reforms. In this context, China's petrochemical refining segment is expected to profit next year as international crude oil futures prices of the biggest beneficiaries!
3 billion capital increase Hainan Refining & Chemical to build gold chain!
Notice that the company was October 11, 2006 with the controlling shareholder of Sinopec Group, a wholly-owned subsidiary of Shengjun International Investment Co., Ltd. signed an agreement to work together to Hainan Refining & Chemical Co., Ltd. increased its capital, raises the completed registration of Hainan Petrochemical capital of 3.986 billion yuan. Among them, China's Sinopec invested 2.989 billion yuan, invested 997 million yuan Shengjun International, accounting for 75% capital increase after the Hainan refinery and 25% of the shares. Hainan project uses the whole hydrogenation process routes, production is expected to be achieved after the annual production capacity: 483,000 tons liquefied gas, gasoline 2.368 million tons (including 93 gasoline 1.368 million tons, 800,000 tons petrol 95, 97 # gasoline 200,000 tons), all of these products to meet the European III class quality standards. In addition, the project's products also include 3 # Jet Fuel 200,000 tons, polypropylene, 215,000 tons, 58,000 tons of benzene, sulfur, 66,000 tons. It is understood that the project's environmental indicators in the domestic refining plant in the most advanced, to maximize protection of the natural environment of Hainan, has been approved to the State Environmental Protection Administration. Geographically, the project made use of the Hainan Yangpu Economic Development Zone location and preferential policies are readily available in the building berth 300,000-ton coastal tanker terminals in the natural water conditions, it can significantly reduce the crude oil and product transportation costs . In the processing costs, the item was part of tons of oil refining cash operating cost of 84.6 yuan / ton, total cost was 169 yuan / ton, lower than the current average level of China's Sinopec. Sinopec said that Hainan project will help improve the company's overall competitiveness of the refining segment, Hainan Province, the Pacific Rim Asian countries with access to traffic arteries of the regional advantages, its port is the nearest from the Middle East region, construction of refinery in Hainan the project can save the original shipping costs, help to reduce transport costs.
Example of the value of blue-chip stock index futures only choice!
Today, the data provided by the State Development and Reform Commission show that before August, China's crude oil output reached 123 million tons in recent imports of more than 9500 million tons of crude oil. China's petrochemical industry realized profits of nearly 300 billion yuan, an increase of two number. The value of the Unit as the biggest blue-chip model for cities to become the best post-index futures is the only choice, the main financial Shigekura hoarding which, follow-up funds to intervene again in madness, we recommend investors take an active interest!
