Stocks Update: Sinopec Shanghai Petrochemical Co. (ADR)(NYSE:SHI)


Dallas, Texas 03/07/2014 (FINANCIALSTRENDS) – Sinopec Shanghai Petrochemical Co. (ADR)(NYSE:SHI) which is the flagship oil refining company in the Chinese industry has been a safe player on the stock market. This Beijing-based company ensured it remain a relevant Chinese stock on the browsers, even as another of the Chinese refineries Sinopec busted some stock prices in mid-February this year.

Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) in the last week of February rose to be the third higher China-based ADR for two consecutive days, beating technology leader Baidu Inc, which was sluggish at the stock market.

Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) holds a market cap of $4.02 billion and an attractive P/E of 11.05. the company dividend to yield ration is at 0.05/0.17. EPS is 2.84, while outstanding shares are 128.16million.Beta is 1.16. The stock has an opening value of 31.33, while the 52 week average was between high of $32.15 and low of $19.13. The infra-day trading price for the stock is between low of $31.31 and high of $31.50.

In the month past, Chinese stocks have lost direction on the stock market, with the exception of technology and oil stocks, holding their own against the unrealistic Asian and S&P indices. Oil Stocks are by far the only listed Chinese stocks which have fared well at the busy stock markets.

 SHI is an ADR, one of the several Chinese large-sized companies, listed on US stock markets. The company offers a range of petroleum as well as petrochemical industries. It is also known to operate more than five segments in the year. These include- synthetic fibres, plastics, resins as well as plastics. The intermediate petrochemical products as well as petroleum products besides petrochemical products too are known to trade will on the US stock markets. The petrochemical products segment of the company is also engaged in export and import of petrochemicals.

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