China Equity Preview august 29 2011

Indonesia stock info - China Equity Preview august 29 2011, best china stock to buy august 29 2011 ; Shares of the following companies may have unusual moves in China trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, slid 3.07 points, or 0.1 percent, to 2,612.19. The CSI 300 Index (SHSZ300) fell 0.1 percent to 2,901.22.

China Pacific Insurance Group Co. (601601 CH)
The nation’s third-largest insurer reported net income of 5.8 billion yuan ($908 million) in the six months ended June 30 compared with 4.1 billion yuan in the same period a year earlier. The shares rose 0.3 percent to 21.01 yuan.

Datang Telecom Technology Co. (600198 CH)
The maker of telecommunications equipment posted a net loss of 6.58 million yuan in the first half after a profit of 18.4 million yuan in the same period a year ago. The shares slid 0.4 percent to 11.90 yuan.

Hebei Iron & Steel Co. (000709 CH)
The listed unit of China’s biggest steelmaker said first-half net income rose 12 percent to 803.3 million yuan from a year-earlier. The shares were unchanged at 4.19 yuan.

Konka Group Co. (000016 CH)
The television maker said first-half net loss was 195 million yuan from a net income of 51 million yuan in the same period last year. The stock rose 0.3 percent to 3.75 yuan.

Minmetals Development Co. (600058 CH)
The company, which imports and exports metals and minerals, said first-half net income rose 76 percent from the same period a year earlier to 658.8 million yuan. The stock rose 1.8 percent to 28.86 yuan.

Poly Real Estate Group Co. (600048 CH)
China’s second- largest developer by market value said first-half net income rose 72 percent to 2.79 billion yuan from a year earlier. The shares rose 0.3 percent to 11.31 yuan.

SAIC Motor Corp. (600104 CH)
China’s largest domestic automaker posted second-quarter profit that beat analysts’ estimates after selling more vehicles with partners General Motors Co. and Volkswagen AG in the world’s biggest car market. Net income climbed to 4.08 billion yuan in the three months ended June, according to figures derived from first-half earnings reported by the company. The stock slid less than 0.1 percent to 15.97 yuan.

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