Kweichow Moutai, Midea Make CCTV’s List of Top Ten A-Share Companies for Second Year Running

Kweichow Moutai, Midea Make CCTV’s List of Top Ten A-Share Companies for Second Year Running

Dou Shicong

Date: Tue, 12/12/2017 - 18:25 / source:Yicai
Kweichow Moutai, Midea Make CCTV’s List of Top Ten A-Share Companies for Second Year Running
Kweichow Moutai, Midea Make CCTV’s List of Top Ten A-Share Companies for Second Year Running

(Yicai Global) Dec. 12 -- State-owned broadcaster CCTV released rankings of the top 10 A-share-listed companies at a finance forum held on Dec. 12, naming those with the highest investment value.

Six of the companies, including liquor maker Kweichow Moutai Co. [SHA:600519] and appliance maker Midea Group Co. [SHE:000333], already made the list last year.

The other four to make the list for the second consecutive year were Hangzhou Hikvision Digital Technology Co. [SHE:002415], intelligent voice company iFlytek Co. [SHE:002230], state-owned carmaker SAIC Motor Corp. Ltd. [SHA:600104] and Fuyao Glass Industry Group Co. [SHA:600660].

The four new firms were Gree Electric Appliances Inc. of Zhuhai [SHE:000651], Inner Mongolia Yili Industrial Group Co. [SHA:600887], Industrial and Commercial Bank of China Ltd. [SHA:601398] and Han’s Laser Technology Industry Group Co. [SHE:002008].

CCTV started the rankings last year. Nine of the ten companies selected in 2016 made positive returns in market performance through the first 11 months of this year with an average yield of 69 percent, higher than the 3.1-percent average among A-share companies and.

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Keywords: MSCI, Midea Group, Kweichow Moutai, A-SHARE