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Changes in US dollar bonds | Sinopec Group SINOPE 3.1 01/08/51 prices rose 1.105% to 68.058
The current price of SINOPE 3.1 01/08/51 issued by Sinopec Group on April 29 rose +1.105% with a yield of 5.365%.
Express News | Sinopec: Appointing Zhao Dong as President, Former President Yu Baocai as Senior Vice President
Bank Ratings | J.P. Morgan Chase: Prefers Sinopec's H shares over the target price of HK$5.5 for A shares
Glonghui, April 29 | J.P. Morgan Chase released a report stating that Sinopec's net profit for the first quarter fell 10% year-on-year to 18.7 billion yuan, reaching 28% of the market's profit forecast for the full year, and was significantly higher than Motong's estimate of 16 billion yuan, mainly due to growth in exploration, mining and oil marketing business. It is estimated that investors will focus on domestic refining and oil marketing prospects, dividend policies, domestic chemical and new energy mergers and acquisitions opportunities, and net profit trends for the second quarter after inventory increases. Motong pointed out that exploration and mining, refining and oil marketing performance in the first quarter was better than feared. I believe it was mainly due to Sinopec's operational optimization measures for domestic refineries
Bank of America Ratings | Bank of America: Maintaining Sinopec's “Buy” Rating, H Shares Target Price HK$5.5
Glonghui, April 29 | Bank of America Securities released a report saying that Sinopec's net profit after tax for the first quarter of this year fell 10% year-on-year to 18.7 billion yuan, reaching about 29% and 28% of the full-year profit forecast by Bank of America and the market. Among them, profit before interest and tax from the exploration and mining business increased 11% year-on-year, mainly due to the 1.3% and 6% increase in crude oil and natural gas production in the first quarter, the 5% increase in the US dollar from year to year, and the narrowing of liquefied natural gas (LNG) import losses. However, the refining and chemical business performance was weak during the period, offsetting the related growth. The bank expects refining business to improve in the second quarter, and as oil prices rise, exploration and
Bank of America Securities: Maintaining CNPC's (00386) “Buy” Rating Target Price of HK$5.5
Bank of America Securities expects the management of China Petroleum & Chemical (00386) to implement a new round of share repurchase plans after the shareholders' meeting.
Sinopec (600028): Overall business conditions are improving, and high dividend rates stand out
Incident: The company released its report for the first quarter of 2024: Under Chinese standards, Sinopec A-shares achieved operating income of 790 billion yuan (-0.17% YoY, +6% YoY) and net profit of 18.3 billion yuan (-9% YoY).
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