SNP, the most undervalued white elephant

SNP sales is 50% more than PTR, valuation at only 1/3,

sure, Chinese gov't has price limit on refrinary products,

but what if in 5 years? in 10 years? 20?

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http://www.businessweek.com/investor/content/jul2005/pi20050729_4338.htm

Ranking Company Annual Sales (Mil. Yuan)
1 China Petroleum & Chemical 590,632
2 PetroChina 388,633
3 China Mobile 192,381
4 China Telecom 161,212