00386 SINOPEC CORP
- 4.530
- +0.080+1.80%
SINOPEC CORP News
Sinopec Corp spent 0.105 billion Hong Kong dollars to repurchase 23.2 million shares on September 20th.
Sinopec Corp (00386.HK) announced on September 20th that it will spend 0.105 billion Hong Kong dollars to repurchase 23.2 million shares at a repurchase price of 4.47-4.57 Hong Kong dollars per share.
Sinopec Oilfield Service Corporation (600871.SH): China Petroleum & Chemical Corporation plans to transfer 4.00% of the shares to PetroChina group for free.
Gelonghui September 20th | Sinopec Oilfield Service Corporation (600871.SH) announced that on September 20, 2024, the company received a notification from its controlling shareholder, China Petrochemical Corporation (referred to as "Sinopec Group"), to deepen the strategic cooperation between Sinopec Group and PetroChina. In order to optimize the equity structure of the company, Sinopec Group and PetroChina signed a gratuitous transfer agreement on September 20, 2024, intending to transfer state-owned shares without compensation with the approval of the State-owned Assets Supervision and Administration Commission of the State Council (referred to as "SASAC").
Express News | Sinopec Oilfield Service Corporation: Transfers 4% of state-owned shares to PetroChina free of charge.
NDRC: The domestic gasoline and diesel prices have been reduced by 365 and 350 RMB per ton respectively.
The National Development and Reform Commission announced that, according to the current mechanism for the formation of refined oil prices, from 24:00 on September 20th, the domestic prices of gasoline and diesel will both be reduced by 365 yuan and 350 yuan per ton respectively.
Express News | Within five years, central enterprises will fully establish a "scientific, rational, and efficient" board of directors.
Sinopec Hong Kong partners with Huawei to build the first 600kW liquid-cooled super charging station in Hong Kong.
Sinopec Hong Kong announced that its PIT charging brand will launch ultra-fast charging services, and has reached a cooperation with Huawei Hong Kong Digital Energy to build the first liquid-cooled super charging station in Wan Chai Expo Drive Central Parking Lot, using Huawei's most advanced liquid-cooled super charge equipment, with a maximum power of 600kW. The charging station will have 8 liquid-cooled super charge spots and 5 medium speed charge spots, providing efficient charging services for 13 electric vehicles at the same time, and will be officially put into use within this year. Sinopec Hong Kong pointed out that PIT has already cooperated with multiple parking lots in Hong Kong to build charging stations, and the team will analyze the big data of parking lot vehicle flow, combined with.
Under the imbalance between supply and demand, a large number of new plants are starting production, and the global refining industry's 'super cycle' is coming to an end.
Refineries in Asia, Europe, and the USA are facing the problem of declining profitability to the lowest levels in years, signaling a downturn in the industry that had seen a surge in ROI after the COVID-19 pandemic.
Crude oil analysis at noon: Brent crude oil fell slightly in early trading. How will the Asian market react to the Fed's interest rate cut?
The USA cuts interest rates, and the Japanese yen briefly appreciates... WTI crude oil prices fall, affecting Japanese importers... Libya's oil blockade is exempted... Egypt's Suez Blend crude oil sees rare exports...
Crude oil inventories at important US hubs are depleted, and the timing is ripe for oil price rebound.
There is a shortage of crude oil available for immediate delivery in the Cushing inventory, coupled with the Federal Reserve's interest rate cut, CTA buying interest, and record-breaking short-covering materials driving oil prices rebound.
The Hang Seng Index rose 261 points in the first half of the day, with a turnover of 90.9 billion yuan. Real estate and automobile stocks were favored.
The Federal Reserve's half-point rate cut boosted US stocks, with the Dow and S&P 500 indices reaching new highs. The Hong Kong stock market continued to rise in early trading. Hang Seng Index opened high by 56 points and the gains expanded, rising to 18,355 points at one point, up 261 points or 1.5% at midday to 18,275 points; the China Enterprises Index rose 92 points or 1.4% to 6,397 points; the Hang Seng Tech Index rose 65 points or 1.8% to 3,717 points. The total turnover of the market in the morning session was 90.958 billion yuan. In the technology sector, Alibaba (09988.HK) rose 2.5% to 87.8 yuan, while Tencent (00700.HK) fell 0.4% to
Midday Recap | Hong Kong stocks continue to surge! The Hang Seng Index is up more than 2%; network technology and automotive stocks are performing well, with xpeng rising by about 10% and alibaba reaching a new high in over a year.
Most network technology stocks rose, with SenseTime leading the gains with a more than 6% increase, Bilibili up nearly 4%, Alibaba up more than 3%, Meituan up nearly 3%, Netease and JD.com up more than 1%, and Tencent up nearly 1%.
Hong Kong stocks rebounded again, petroleum stocks rebounded, the Federal Reserve's interest rate cut exceeded expectations, and Citi Group said that insufficient supply in the fourth quarter may support oil prices.
Petroleum stocks continue to rebound. As of press time, PetroChina (00857) rose 4.35% to HKD 6; China Oilfield Services (02883) rose 3.29% to HKD 6.59; CNOOC (00883) rose 2.87% to HKD 19.34; Sinopec (00386) rose 2.92% to HKD 4.58.
Institutions: Retail gasoline price caps may see the largest decline of the year, and it is expected that expectations will shift to an increase at the beginning of the next cycle.
PetroChina Information: According to the data monitoring model, as of the close on September 19th, the change rate of the 10th working day reference crude oil in China is -8.39%. It is predicted that the retail price limit of gasoline and diesel will be reduced by 365 and 350 yuan per ton respectively. The ex-refinery prices of 92# gasoline, 95# gasoline, and 0# diesel fuel will be reduced by 0.29, 0.3, and 0.3 yuan respectively. The price adjustment window is September 20th, 24:00.
On September 19, the repurchase collection | tencent, meituan-w and others repurchased, with tencent spending 1.002 billion Hong Kong dollars.
According to the disclosure document of hkex on September 20th, tencent (00700.HK) and Meituan-W (03690.HK) bought back shares. ① tencent (00700.HK) repurchased 2.6 million shares of common stock on September 19, involving an amount of 1.002 billion Hong Kong dollars, with a repurchase price ranging from 389.6 Hong Kong dollars to 376.6 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.163 billion shares, accounting for 1.73% of the number of issued shares when the ordinary resolution was passed. ② Meituan-W (03690.HK) on 9
Express News | Yesterday, 65 Hong Kong stocks were repurchased by companies, and tencent repurchased the largest amount.
Announcement Selection | cspc pharma plans to repurchase up to 5 billion Hong Kong dollars of shares; Sun Insurance: Sunshine Life Insurance premium income from January to August is 66.384 billion yuan
China Railway Signal & Communication Corporation (03969.HK) won a total of approximately 2.9 billion yuan worth of projects from July to August; Tencent (00700.HK) spent 1.002 billion Hong Kong dollars on repurchasing 2.6 million shares on September 19; Alibaba-SW (09988.HK) spent 59.977 million US dollars on repurchasing 5.678 million shares on September 18.
gtja: Oil prices fall and freight rates rebound. Seize the opportunity for reverse layout.
It is expected that the supply and demand will continue to improve in the coming years, and the prosperity of oil transportation is expected to exceed expectations. It is recommended to lower the game in the peak season and counter-layout the options for the super bull market of oil transportation.
Goldman Trims 2025 Atlantic Basin Refined Product Margin Outlook -- OPIS
Oil Prices Rise After U.S. Interest-Rate Cut Amid Heightened Middle East Tension
Express News | China Petroleum & Chemical Corporation, China Chemical Industry, and Rongsheng Petro Chemical are listed in the top ten of the "Global Chemical Companies Billion Dollar Club".
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