CNOOC Upgraded, Buys Opti Canada: Good News for High Yield China Stocks?

The largest offshore oil producer in China, CNOOC Ltd. (CEO), just paid $2.1 billion for the Canadian oil company Opti Canada last week. This in spite of the fact that Opti had been suffering from severe financial problems. In addition, CNOOC was just upgraded by from Neutral to Buy by UBS. The stock trades at eight times forward earnings and yields 2.6%. Latest quarterly earnings as of December 31 were up 81.4% on a 63.6% increase in revenues.

There are plenty of other Chinese stocks with decent yields according to the just updated list of high yield China stocks at WallStreetNewsNetwork.com. Yields range from 0.5% to 5.5% with dividends paid either anually or semi-annually.

Another example is China Mobile Limited (CHL), trading at 10.9 times forward earnings and sporting a yield of 3.7% paid semi-annually. The company is the world's largest mobile phone operator and has the largest mobile telecommunications network in the world. The stock, which is listed on both the NYSE and the Hong Kong stock exchange, has over 600 million subscribers. The stock has a forward price to earnings ratio of 10.9. Latest quarterly earnings were up 3.6% on a 6.8% dividend rise. The stock carries a yield of 3.7%.

As for other Chinese industries, Guangshen Railway (GSH) yields 3.1% and Yazhou Coal Mining (YZC) pays 2.1%. A free list of a dozen dividend paying Chinese stocks can be found at WallStreetNewsNetwork.com, which can be downloaded, sorted, and updated.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com

Highest Yielding China Stocks

I personally don't care for Chinese stocks; after all, it is a Communist country. But many investors are willing to take the risk. Features of China include:
* It is one of the BRIC countries
* It is the largest country in the world by population
* It has the second largest GDP by purchasing power parity
* It is the second largest exporter in the world
* It is the third largest importer in the world
* Approximately 91% of the population is literate.

If you are going to invest in China, you might as well get paid for it, so look for stocks that pay dividends. Stocks with yields return your capital faster and can help reduce volatility. WallStreetNewsNetwork.com has just updated its list of China stocks that pay dividends. Unfortunately, many of them have very short track records (some as short as one year) and most pay their dividends annually. But you may be able to find a few gems.

Guangshen Railway (GSH) is a large railway in Guangdong Province of the People's Republic of China. It pays a yield of 3.2% and pays dividends annually. The company has paid dividends since 1997.

PetroChina Co. Ltd. (PTR) has been paying dividends since the year 2000, and pays semi-annually (twice a year), most recently in May and September. This producer of oil and natural gas has a forward PE of 10 and pays a yield of 2.8%.

Yanzhou Coal Mining Co. Ltd. (YZC) has paid dividends since 1999, but only pays annually. The had a 5 for 1 slit last year. This coal mining company has a yield of 1.8%.

Another China company with a long term track record of paying dividends is China Petroleum & Chemical Corp. (SNP), which has been paying since 2001. This oil, gas, and chemical company has a forward PE of 8 and yields 2.2%.

For a free Excel database of over a dozen high yielding China stocks, which can be sorted and changed, go to wsnn.com. Four of the stocks yield more than 3.5%. If you've been to the site before, you may need to clear out your cache if the High Yield China Stock database doesn't appear.

Author does not own any of the above.

By Stockerblog.com