So I decided to get back into my old hobbies
It doesn help that PetroChina shares trade at 36 times estimated 12 month earnings, a 53 per cent premium versus global peers.going to be tough times ahead for PetroChina, said Toshihiko Takamoto, a Singapore based money manager at Asset Management One, which oversees about $800 million in Asia. Would anyone want to buy the stock when it trading for more than 30 times earnings? course, many of the factors behind PetroChina slump have been outside the company control. When it listed in Shanghai in 2007, bubbles in both oil and the Chinese equity market were primed to burst, while the global financial crisis was just around the corner.
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