SINOPEC Shangai Petrochemical Company (SNP)

Add a New Bears Reason Company: SINOPEC Shangai Petrochemical Company (SNP) Current price: Headline: (100 character max) Analysis: Cancel 0% agree 0 votes   China's price controls will most likely be lifted Top Contributor: Mohammad Usman | Created when NYSE:SNP was $65.49 | Edit | History As China's price controls will most likely be lifted, SPC will enter a competitive free market. Because it has previously enjoyed the price-control protection of the Chinese government, it may be no match for honed competitors. (100 character max) Cancel 0% agree 0 votes   Government involvement in management holds back stock price Top Contributor: Mohammad Usman | Created when NYSE:SNP was $65.49 | Edit | History Government involvement in SPC's management may hurt it in the pending free market, as executives may put the interests of the Chinese government before the interests of other investors. Additionally, these appointed executives may be less competent than management at competing companies. (100 character max) Cancel 0% agree 0 votes   Ethylene production will get substantial competition within few years Top Contributor: Mohammad Usman | Created when NYSE:SNP was $65.49 | Edit | History SPC's most dominant segment, ethylene production, will get substantial competition within the next few years from start-ups in Kuwait and Saudi Arabia. These refineries have more leverage in global markets because of their proximity to crude oil sources. (100 character max) Cancel

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