Cnooc (CEO) looks like an interesting Chinese stock for March March 20, 2009Posted by deminvest in investment.
Tags: CEO, Cnooc
CEO CNOOC is an oil company. It is very healthy, has plenty of cash is growing revenues 60% yoy and earnings 89% yoy.
It is is reasonably priced 7.2 times its current earning and 8.7 times its future expected earnigs, although now gas prices are government controlled. That could cut future earnings. CEO Gives out 2% yielding dividends.
Also, I will carefully look at:
China Petroleum & Chemical Corp. (SNP)
Sinopec Shanghai Petrochemical Co. Ltd. (SHI)