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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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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SHI recently entered a deal to buy out Marathon's Angola project. Angola is currently Africa's largest oil producer and is still relatively underexplored. Big potential, with built-in customer of China.
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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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Anything in China that could benefit from their growth, I like, they are not scaling back oil exploration, if anything they need that, and I like that this has fallen down so far, a good bet to grow fast.
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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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