GS 高盛：中国每日深度报告 07.17

China Daily Insights 07.17 9页

Today’s focus
PetroChina (0857.HK): 2Q2007 operating data slightly below expectations, remain Neutral
Shenzhen Development Bank (000001.SZ) Buy: Strong 1H07; multi-year turnaround/rerating; Upgrade to Buy
Shanghai Pudong Development Bank (600000.SS): Downgrade to Neutral on valuation; Hold
Headline news
Survey: Rising food prices upset consumers (China Daily)
Overseas M&As in favor of SOEs: Ministry (China Daily)
Top 100 Chinese private companies released (Xinhua)
Official: China's RMB forward settlement represents two pct of trade in 2006 (People’s Daily)
PetroChina (0857.HK): 2Q2007 operating data slightly below expectations, remain Neutral, Kelvin Koh, CFA
• News: PetroChina (0857.HK, HK$12.26, Neutral) reported 2Q2007 oil and gas output of 275.1 mn boe (up 3.6% yoy and down 0.9% qoq), an average realized crude oil price of US$61.46/bbl (down 1.3% yoy and