AVERAGE P/E RATIO AT SHENZHEN BOURSE APPROACH 70 TIMES
AsiaInfo Services, January, 2008
AsiaInfo Services 01-03-2008 Average P/E Ratio at Shenzhen Bourse Approach 70 Times SHENZHEN, Jan 03, 2008 (SinoCast via COMTEX) -- Companies listed at Shenzhen Stock Exchange in 2007 totally raised CNY 117.521 billion, soaring 90.21% over a year earlier. Capital raised by companies listed on the small and medium enterprises board of Shenzhen bourse arrived at CNY 44.858 billion, surging 155.54%. Total 100 companies got listed on the board of the exchange in 2007, driving the total number of listed companies there to be 202. By 2007-end, weighted average stock price at Shenzhen bourse had been CNY 20.6 a share and average price-earnings ratio was 69.74 times. The aggregate market value of the Shenzhen exchange had hit CNY 5.73 trillion, soaring 222.07% over the...
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