Mark GrammerSinopec386HKTOP PICKOct 07, 2009

Sinopec. Hong Kong exchange. Integrated oil company in Hong Kong but focused on downstream of refining and retail. China has a rapid growth in automobile sales. The issue has been government controls on refining margins and gasoline prices but is becoming less of an issue. Expecting margins to go up from $7 to $8 this year. 2.7% yield.

Mark Grammer

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Mark GrammerSinopec386HKTOP PICKOct 07, 2009

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