Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI)
A petrochemical company. Its major product areas are synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products.
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CHINESE ENERGY COMPANY ON THE MOVE UP. HAS TO QUENCH THE CHINESE THIRST FOR ENERGY. WILL CONTINUE SPENDING TO GOBBLE UP MORE OIL AND GAS PROPERTIES. GOOD LONG TERM BUY AND HOLD.
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Good growth and earnings.
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With its wide variety of products, especially Acrylonitrile, a major petrochemical in Carbon fiber, carbon carbon, and the like, along with a growing need to figure out more efficient uses for petroleum, that this company will have an innovative and fruitful several years.
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China oil and chemical.
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with oil price coming down, SHI bottom line will look so much better for the 4th Q and next year too.
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Sinopec Shanghai Petrochemical Company Limited
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Sinopec Shanghai Petrochemica
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Kínverskt olíufyrirtæki
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Another good Chinese stock
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Plastics seem a good bet in China. Worried about an impending crash of Chinese stocks in general though. Will probably close all my Chinese ratings in a month or two.
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headed for PE<6, low debt, 2.5% div = risk/reward on the terrific side
BUT ... http://www.news.harvard.edu/gazette/daily/2006/03/23-divest.html
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energy demands in China will drub U.S.
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