论文部分内容阅读
2001年8月,中国石化作为第一只“海归派”踏入中国国内资本市场,市场在极度关注这个超级航母的同时,也对中国石化在境内和境外的巨大价格差异产生了疑问。7月份中国石化在进行路演推介时、其在香港股市的价格回落至1.35港元左右、折合人民1.45元、平均市盈率为6.5倍。如果按照中国石化2000年10月海外发行的价格1.61港元来算,市盈率约为7.6倍。而中国石化的A股招股价为4.22元,市盈率约为18.5倍。同是一只股票,为什么境
In August 2001, as the first “returnees” company, Sinopec Corp. entered the domestic capital market in China. While paying close attention to this super-aircraft carrier, Sinopec Corp. also raised questions about the huge price differences Sinopec Corp. has both in China and abroad. When Sinopec Corp. introduced its roadshow in July, its price in Hong Kong stock market dropped to about HK $ 1.35, equivalent to 1.45 yuan, with an average P / E of 6.5 times. If according to Sinopec in October 2000 overseas issue price of 1.61 Hong Kong dollars to count, price-earnings ratio of about 7.6 times. Sinopec’s A-share offering price is 4.22 yuan, P / E of about 18.5 times. The same is a stock, why territory