Nov 6, 2007

Hong Kong analyst on PetroChina's Shanghai debut

The A-share listing is positive because it will open another avenue for the company to raise funds in the future. From the investors' point of view it's also positive because they have access to invest in the largest-market-cap oil company in the world."

~ Louis Wong, research director at Phillip Securities in Hong Kong, MarketWatch, "PetroChina tops $1 trillion market cap in debut," November 5, 2007

(PetroChina soared 163% on the first day of its Shanghai IPO, bringing its market cap to just over $1 trillion, a record for any stock.)

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