00857 PETROCHINA
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PETROCHINA News
Damo: Target price for CNPC (00857.HK) “increase in holdings” rating dropped slightly to HK$7.8
Damo released a research report stating that it gave CNPC (00857.HK) an “additional” rating, and the target price was reduced from HK$7.9 to HK$7.8. Based on the results for the first quarter of this year, its net profit forecast for 2024 to 2026 was lowered by about 2% to reflect the adjusted profit expectations of the natural gas business under hedging. The bank said it believes that with the formation of a market-oriented pricing mechanism, the value of the gas business will increase. At the same time, in the current oil price environment, losses on imported natural gas are expected to be controlled.
DBS Reaffirms Their Buy Rating on PetroChina Company (PCCYF)
CNPC (601857): Steady profit growth hit a record high in the first quarter
CNPC announced its 2024 quarterly report. In the first quarter of this year, the company achieved operating income of 812.184 billion yuan, an increase of 10.9% over the previous year; net profit attributable to shareholders of the parent company was 45.681 billion yuan, an increase of 4 yuan over the previous year.
Data reveal | What did Beishui buy in April? Bank of China sold over HK$10.5 billion and Tencent raised over HK$5.3 billion
Since July 2023, the southbound capital has maintained a net inflow for 10 consecutive months, with a cumulative net purchase of HK$408.792 billion during this period.
Petrochina's Q1 Profit Rises 5%
Petrochina's (HKG:0857, SHA:601857) attributable profit rose 4.7% to 45.7 billion yuan during the quarter through March 2024 from 43.6 billion yuan in the corresponding period of 2023. Basic earnings
Bank Ratings | Bank of America: Maintaining Strong First-Quarter Results of CNPC's “Buy” Rating
Glonghui, April 30 | Bank of America Securities released a report showing that CNPC's first quarter performance was strong. Among them, the natural gas sales sector recorded a profit of 12.3 billion yuan, an increase of 22% year-on-year, mainly due to a 4% increase in the average domestic gas sales price, a surprise increase in gas prices, and an 8% increase over the same period last year; in addition, natural gas import losses narrowed from 2.4 billion yuan to 1 billion yuan in the same period last year. The bank believes that CNPC's natural gas business will maintain its profit momentum due to the high average sales price of natural gas in the 2024/2025 long-term contract between CNPC and City Gas; domestic natural gas production has increased significantly (target
Hong Kong Stock Afternoon Review | The Hang Seng Index rose slightly by 0.19%, home appliance stocks and coal stocks strengthened, Haier Smart Home rose more than 8%, and Yankuang Energy rose more than 5%
The trend of science and network stocks was divided. Baidu rose nearly 2%, JD fell nearly 2%; shipping stocks rose more than 6%; COSCO Marine Holdings rose more than 6%, and Orient Overseas International rose nearly 5%.
CNPC (601857): Oil and gas production increased steadily and the chemical business achieved profit
Net profit to mother increased 4.7% year over year, and the results were in line with expectations. In the first quarter of 2024, the company achieved revenue of RMB 812.18 billion (+10.9% YoY, +11.4% YoY) and net profit of RMB 45.68 billion to mother (
The “three barrels of oil” of Hong Kong stocks rose collectively. CNOOC rose more than 4%, Sinopec stock rose more than 3%, and CNPC rose more than 2%.
The “three barrels of oil” of Hong Kong stocks rose collectively. CNOOC rose more than 4%, Sinopec stock rose more than 3%, and CNPC rose more than 2%.
Three barrels of oil collectively picked up. CNOOC and Sinopec rose more than 2%, and CNPC rose more than 1%.
Three barrels of oil collectively picked up. CNOOC and Sinopec rose more than 2%, and CNPC rose more than 1%.
Changes in Hong Kong stocks | Petroleum stocks had the highest gains, and oil prices are expected to remain high. CNOOC and its oil service companies performed well in the first quarter
Petroleum stocks had the highest gains. As of press release, CNOOC (00883) rose 4.76% to HK$20.7; Sinopec (00386) rose 4.28% to HK$4.87; CNPC (00857) rose 2.05% to HK$7.45; and CNOOC Services (02883) rose 1.53% to HK$8.63.
The petroleum extraction and processing sector fluctuated higher. Unification Shares and Guochuang Hi-Tech both rose and stopped, Baoli International rose more than 5%, and Runbei Aviation, Shenyang Chemical, Sinopec, and CNPC followed suit.
The petroleum extraction and processing sector fluctuated higher. Unification Shares and Guochuang Hi-Tech both rose and stopped, Baoli International rose more than 5%, and Runbei Aviation, Shenyang Chemical, Sinopec, and CNPC followed suit.
Selected announcements | BYD's net profit for the first quarter increased by nearly 11% year-on-year; CNPC's profit for the first quarter exceeded 45 billion yuan
ICBC's first quarter revenue fell nearly 3% year on year; Vanke Enterprise's first quarter revenue fell by more than 10% year on year.
CNPC (601857.SH) announced first-quarter results, net profit of 45.681 billion yuan, up 4.7% year on year
CNPC (601857.SH) disclosed its report for the first quarter of 2024. The company achieved revenue of 812 during the reporting period...
CNPC (601857): Improving quality and efficiency, stabilizing oil and gas, and increasing gas have achieved remarkable results. 24Q1 profit is steady, moderate and positive
Incident Inc. released its report for the first quarter of 2024. During the reporting period, the company achieved total revenue of 812.184 billion yuan, an increase of 10.88% over the previous year; net profit to mother was 45.681 billion yuan, an increase of 4.70% over the previous year
PETROCHINA(601857):SLIGHT MISS IN 1Q24 EARNINGS;2Q24 EARNINGS TO BE STRONGER
PetroChina's net profit grew 5% YoY to RMB45.7bn in 1Q24, 6% below our forecast.
PetroChina Q1 Net Profit Rises - Quick Facts
CNPC: Q1 profit of 45.683 billion yuan, up 4.72% year on year
Gelonghui, April 29 | CNPC (0857.HK) announced that for the first quarter ending the end of March this year, shareholders' earnings were 45.683 billion yuan, up 4.72% year-on-year, and earnings per share were 0.25 yuan. During the period, revenue was 812.184 billion yuan, up 10.88% year on year, mainly due to increased sales of refined oil products, natural gas, chemicals, etc.
PetroChina's First-Quarter Net Profit Rose on Higher Sales
Chinese state-controlled oil company PetroChina said its net profit and revenue rose in the first quarter, primarily due to a rise in sales volume for its oil and gas products.
CNPC (00857.HK) net profit of 45.683 billion yuan in the first quarter increased 4.7% year-on-year
China Petroleum Corporation (00857.HK) announced results for the first quarter of 2024. The group achieved operating revenue of 812.184 billion yuan during the period, an increase of 10.9% over the previous year.
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