ECONOMIC INDICATORS
Top Overseas listings (US) Industry
Services
Qihoo 360 Technology
Lead Un- derwriter
Citi Group, UBS
Ticker QIHU
Auditor Deloitte Market indexes
Listing Date Mar 30
Revenue US$58m Price US$14.50 Growth (y/y) 236%
Offering Amount US$176m
Gross Margin 27%
Qihoo 360 Technology offers free internet and mobile phone security products. It was ranked the third-most popular internet company in China by iResearch. It boasts 339 million monthly active internet users; main competitors are Kingsoft, Rising and Tencent.
Industry Finance
Prime Ac- quisition
Lead Un- derwriter
Chardan
Ticker PACQU
Auditor
Crowe Horwath
Listing Date Mar 25
Revenue - Price US$10.00 Growth (y/y) -
Offering Amount US$36m
Gross Margin -
Prime Acquisition was formed to acquire firms through mergers, equity exchanges, asset acquisi- tions and equity purchases and control them through contractual arrangements. The firm faces fierce competition worldwide from other “blank check” companies.
Top Hong Kong listings Industry
Ticker China
Kingstone Mining Holdings
Materials Basic
Lead Un- derwriter
Citi 1380 Auditor E & Y
Halter USX China Vs Dow Jones Industrial Average 12,600
12,400 12,200 12,000 11,800 11,600 11,400
Mar 17 Mar 24 Halter USX China Source: Halter USX China, Dow Jones Indexes Hang Seng Vs Hang Seng China Enterprises Listing Date Mar 18 Revenue RMB6.62m Price HK$2.25 Growth (y/y) -
Offering Amount
HK$4.5b Gross Margin 69%
China Kingstone Mining Holdings owns one marble mine in Sichuan, containing 44.2 million m3 of measured and indicated marble resources. The company explores and develops properties for marble reserves. Real Gold Mining, China Mining Resources, North Mining Shares are the company’s main competitors.
Industry
Far East Horizon
Financial
Lead Un- derwriter
HSBC Ticker 3360 Auditor E & Y Listing Date Mar 30 Revenue US$326.91b Price HK$6.29 Growth (y/y) 55%
Offering Amount
HK$17b Gross Margin 64%
Far East Horizon is a financial-leasing unit of state-owned Sinochem Group. The firm offers inte- grated operation services of finance, trade, consultation and investment in healthcare, printing, shipping, construction infrastructure, machinery industries, education, information network and other sectors. Ky competitors are ICBC Leasing, CDB Leasing and Minsheng Financial Leasing.
Top domestic listings Industry
Jasic
Industrial Goods
Technology
Lead Un- derwriter
Guosen Auditor BDO Revenue RMB337b Growth (y/y) 19%
Gross Margin
36%
Jasic Technology provides inverter welders, energy-driven arc welding machines and welding and cutting automation equipment. The company has two subsidiaries and claimed to be the industry market leader in Sichuan in 2009. Jasic has several domestic competitors including Beijing Timewelder, Aotai and Riland.
Industry
Beingmate Group
Consumer Goods
Lead Un- derwriter
Ping An Ticker 002570 Auditor Pan-China Listing Date Apr 12 Revenue
RMB4.03 billion
Price RMB42.00 Growth (y/y) 24%
Offering Amount
RMB1.70b
Gross Margin
14%
Beingmate Group, founded in 1992, produces baby products and offers related services. It has become one of the largest baby brands in China. The company's main competitors are Mead Johnson, Abbott and Yili.
Date: Mar 21 - Apr 15
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48 China Economic Review • May 2011
Qinhuangdao Coal*
* 5,500 kcal/kg thermal coal Metals Contract Date
HG Copper (COMEX) May.2011 Apr 14, 2011 GC Gold (COMEX) SI Silver (COMEX)
Close 428.40
Apr.2011 Apr 14, 2011 1,471.70 May.2011 Apr 14, 2011 4,166.40
Change (%) -1.05 16.80
142.70 Apr 14
Commodities Energy
Light sweet crude oil (NYMEX)
Ticker 300193 Listing Date Mar 22 Price RMB26.50
Offering Amount
RMB1.40b
Newcastle coal index (globalCOAL)
Date
24,800 24,400 24,000 23,600 23,200 22,800 22,400 22,000
Mar 15 Mar 20 Source: Hong Kong Stock Exchange Shanghai Composite Vs CSI 300 Vs Shenzhen Component
13,200 13,100 13,000 12,900 12,800 12,700 12,600 12,500 12,400
Mar 15 Mar 21 Shanghai Composite Mar 25 CSI 300 Mar 31 Apr 08 Shenzhen Component Source: Shanghai Stock Exchange, Shenzhen Stock Exchange and China Securities Index Apr 14
3,500 3,400 3,300 3,200 3,100 3,000 2,900 2,800 2,700
Mar 25 Hang Seng Mar 30 Apr 04 Apr 09 Hang Seng China Enterprises Apr 14
13,800 13,600 13,400 13,200 13,000 12,800 12,600 12,400
Mar 31 Apr07 Dow Jones Industrial Average Apr 14
6,700 6,600 6,500 6,400 6,300 6,200 6,100 6,000 5,900
Contract May 2011 Apr 8 123.30
Price for this week (US$)
120.14- 121.67
Date
Apr 14, 2011
Apr 1 121.13
Close (US$) 108.11 Mar 25 123.89
Price for last week (US$)
Change 1.00% Feb 18 123.29 Same Period Last Year (US$) 118.61-120.14 103.31-104.84
SZ
Hang Seng
Halter USX
SH&CSI 300
HSCI
DJIA
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