CITIC Securities (600030; RMB29

Please refer disclaimer and disclosure in the last page.
6
MORNING BRIEFING
JUN 19 2008
Appendix: H and A-share Price Comparison Table (18 JUN)
H-share price A-share price H share H-share
H-share A-share Stock Price change Price change / A-share (discount)
Code Code Name (HK$) (%) (RMB) (%) (X) to A-share
939 601939 CCB 6.48 0.78 6.30 3.62 90.7% -9.3%
1398 601398 ICBC 5.58 1.64 5.29 4.96 93.0% -7.0%
3988 601988 BANK OF CHINA 3.84 1.05 4.30 3.12 78.7% -21.3%
3328 601328 BANKCOMM 9.46 1.83 8.02 3.22 104.0% 4.0%
3968 600036 CM BANK 26.15 -0.19 24.88 4.14 92.7% -7.3%
998 601998 CITIC BANK 5.03 0.40 5.54 4.92 80.0% -20.0%
2628 601628 CHINA LIFE 29.10 1.57 25.96 4.01 98.8% -1.2%
2318 601318 PING AN 61.25 3.11 51.07 3.95 105.7% 5.7%
857 601857 PETROCHINA 10.66 3.50 16.09 5.58 58.4% -41.6%
386 600028 SINOPEC CORP 8.32 7.77 13.01 9.97 56.4% -43.6%
338 600688 SHANGHAI PECHEM 3.22 4.89 7.55 5.01 37.6% -62.4%
1033 600871 YIZHENG CHEM 1.57 2.61 5.09 4.95 27.2% -72.8%
2883 601808 CHINA OILFIELD 14.10 3.07 22.29 4.06 55.8% -44.2%
1088 601088 SHENHUA ENERGY 33.40 1.83 40.94 4.63 71.9% -28.1%
1898 601898 CHINA COAL 15.20 1.20 17.16 6.19 78.1% -21.9%
1171 600188 YANZHOU COAL 15.46 -1.90 20.59 9.99 66.2% -33.8%
902 600011 HUANENG POWER 6.79 4.95 8.39 8.96 71.3% -28.7%
991 601991 DATANG POWER 5.80 3.94 10.41 6.01 49.1% -50.9%
1071 600027 HUADIAN POWER 2.63 1.54 5.20 5.69 44.6% -55.4%
670 600115 CHINA EAST AIR 2.74 2.24 7.27 5.67 33.2% -66.8%
1055 600029 CHINA SOUTH AIR 3.85 -1.53 7.84 6.09 43.3% -56.7%
753 601111 AIR CHINA 4.92 1.44 8.99 6.77 48.2% -51.8%
390 601390 CHINA RAILWAY 6.43 1.90 5.44 4.62 104.2% 4.2%
1186 601186 CHINA RAIL CONS 11.98 6.02 9.69 5.90 109.0% 9.0%
525 601333 GUANGSHEN RAIL 3.62 2.55 4.21 5.78 75.8% -24.2%
177 600377 JIANGSU EXPRESS 5.96 -0.67 6.31 2.77 83.3% -16.7%
548 600548 SHENZHENEXPRESS 4.49 2.05 5.66 4.24 69.9% -30.1%
995 600012 ANHUIEXPRESSWAY 5.50 1.48 5.33 4.51 91.0% -9.0%
1065 600874 TIANJIN CAPITAL 2.43 0.83 8.33 5.31 25.7% -74.3%
2338 000338 WEICHAI POWER 36.45 4.14 44.25 8.70 72.6% -27.4%
187 600860 BEIREN PRINTING 1.44 0.00
300 600806 JIAODA HIGHTECH 8.17 3.68 14.02 6.29 51.4% -48.6%
42 000585 NE ELECTRIC 1.13 14.14 3.52 5.39 28.3% -71.7%
1072 600875 DONGFANG ELEC 25.00 6.38 27.09 5.57 81.4% -18.6%
2727 600627 SH ELECTRIC 3.95 0.51 33.94 3.70 75.1% -24.9%
350 000666 JINGWEI TEXTILE 1.84 2.79 5.02 4.58 32.3% -67.7%
168 600600 TSINGTAO BREW 18.72 -0.95 20.88 5.24 79.0% -21.0%
719 000756 SHANDONG XINHUA 1.84 4.55 5.08 7.40 31.9% -68.1%
874 600332 GUANGZHOU PHAR 5.75 1.23 10.92 6.23 46.4% -53.6%
347 000898 ANGANG STEEL 16.60 -0.36 17.03 5.45 85.9% -14.1%
323 600808 MAANSHAN IRON 5.19 2.17 6.40 4.40 71.5% -28.5%
1053 601005 CHONGQING IRON 3.29 2.17 5.85 7.54 49.6% -50.4%
2600 601600 CHALCO 11.26 -0.53 14.31 9.91 69.4% -30.6%
358 600362 JIANGXI COPPER 16.50 2.61 22.13 9.99 65.7% -34.3%
2899 601899 ZIJIN MINING 6.88 2.08 8.19 5.41 74.1% -25.9%
914 600585 ANHUI CONCH 58.50 -2.09 49.33 3.11 104.5% 4.5%
588 601588 BEIJING N STAR 2.52 0.40 6.31 9.55 35.2% -64.8%
763 000063 ZTE 36.00 4.35 59.13 6.54 53.7% -46.3%
553 600775 NANJING PANDA 1.79 1.70 6.49 4.85 24.3% -75.7%
317 600685 GUANGZHOU SHIP 22.65 7.86 25.63 10.00 77.9% -22.1%
1919 601919 CHINA COSCO 19.68 3.58 19.77 10.02 87.8% -12.2%
2866 601866 CSCL 3.36 3.70 4.89 6.77 60.6% -39.4%
1138 600026 CHINA SHIP DEV 23.05 2.90 21.56 7.64 94.2% -5.8%
921 000921 HISENSE KELON 4.02 -1.23
1108 600876 LUOYANG GLASS 3.62 3.13
1812 000488 CHENMING PAPER 7.50 0.00 11.80 7.27 56.0% -44.0%
1812 200488^ CHENMING PAPER 7.50 0.00 HK$7.35^ 2.37 102.0%^ 2.0%^
Note #: Each Shanghai Power A-share (600627) will be swapped with 7.32 shares of Shanghai Electric A-share
Note ^: H-share vs B-share price; Shenzhen B-share quoted in HK$ term