COSCO jumps 83% in Shanghai debut
(Reuters)Updated: 2007-06-26 17:25
A 2007 price-earnings ratio of 39 times is far above an average of about 24 times for major global shipping firms and 15 times for global leader A.P. Moeller-Maersk.
The domestic shares of many Chinese companies command such premiums because of strong industry growth prospects and an imbalance of demand for equity over supply inside the country.
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