600028 China Petroleum & Chemical Corporation
- 6.40
- +0.01+0.16%
China Petroleum & Chemical Corporation News
Research Report: CITIC Construction Investment: Sinopec's Q1 performance improved month-on-month, highlighting long-term investment value
Gelonghui, May 11 | CITIC Construction Investment Securities Research Report indicates that Sinopec (600028.SH)'s net profit for the first quarter was 18.3 billion yuan, -8.9% year-on-year and +144.3% month-on-month; Q1 closely followed market demand, carried out in-depth optimization and regional optimization of the entire industry chain, increased production and marketing coordination, strived to expand the market, and achieved good operating results. By sector: In 2024, Q1's exploration and development/refining/marketing and distribution sectors achieved profit before interest and tax of 148/69/8.7 billion yuan respectively, with year-on-year changes of +11.0%/-34.1%/+2.4%, respectively.
Sinopec (600028): Business volume continued to grow and Q1 performance improved month-on-month in '24
Core view Sinopec achieved operating income of 790 billion yuan in Q1 of 2024, -0.2% YoY, +6.4% month-on-month; realized net profit to mother of 18.3 billion yuan, -8.9% YoY, +144.3%; Actual
Institutions | The five most important issues in Hong Kong stocks
Looking ahead to the future market, we believe that the current round of gains in Hong Kong stocks is expected to continue, with the Hang Seng Technology Index gradually switching to a high-dividend sector. In the future, the pricing power for southbound capital is expected to increase dramatically, replacing the style where foreign capital dominates Hong Kong stocks. The main allocation of Hong Kong stocks this year is still the dividend sector, and the Science Network sector can focus on leading stocks that are improving.
The benefits are frequent! Hong Kong stocks with high dividend stocks have collectively exploded. What do you think of the subsequent market?
CICC believes that if the Hong Kong Stock Connect dividend tax relief is implemented, it is expected to further boost the enthusiasm of mainland investors to invest in Hong Kong stocks, especially in high-dividend-related sectors, boost sentiment in the short term, and help improve the liquidity of the Hong Kong stock market in the long term.
Hong Kong Stock Connect dividend tax exemption? Hong Kong high-interest concept stocks have gone crazy
Focus on dividend strategies
OPEC+ is “showing love” again, and there may be a change in the OPEC monthly report!
The new changes reflect long-standing cooperation between OPEC and its allies in collectively determining oil production.
Overview of the Hong Kong market | The three major indices rose sharply in the afternoon, and high-interest concept stocks such as domestic banks, domestic insurance, and coal were strong throughout the day! CCB rose nearly 7%, and China's Shenhua rose mo
The trend of TechNet shares was divided. Bilibili fell more than 2% and Ali rose more than 1%; domestic housing stocks continued to rise, with Shimao Group rising 60% and Xuhui Holdings rising more than 11%.
Hong Kong stocks rose by “three barrels of oil”; China Petroleum & Chemical Co., Ltd. rose more than 5%; CNPC rose more than 4%; and CNOOC rose more than 3%.
Hong Kong stocks rose by “three barrels of oil”; China Petroleum & Chemical Co., Ltd. rose more than 5%; CNPC rose more than 4%; and CNOOC rose more than 3%.
Changes in Hong Kong stocks | Oil stocks increased in the afternoon, EIA's weekly crude oil inventories fell, and the high dividend value of “three barrels of oil” highlighted
The Zhitong Finance App learned that the increase in petroleum stocks increased in the afternoon. As of press release, Sinopec (00386) rose 3.73% to HK$5.01; CNPC (00857) rose 3.54% to HK$7.6; and CNOOC (00883) rose 2.41% to HK$20.4. According to the news, the EIA announced the crude oil inventory situation for the week of May 3. EIA crude oil inventories fell 1.4 million barrels above expectations, and the market expected a drop of 1.1 million barrels. Oil prices closed slightly higher overnight. WTI crude oil futures for June closed up $0.27, or 0.34%, to $79.26 per barrel
Recently, the case of Wu Canqi, former deputy general manager of the natural gas branch of China Petroleum & Chemical Group Co., Ltd., was investigated and handed over to the procuratorial authorities for examination and prosecution by the Chaoyang Munici
Recently, the case of Wu Canqi, former deputy general manager of the natural gas branch of China Petroleum & Chemical Group Co., Ltd., was investigated and handed over to the procuratorial authorities for examination and prosecution by the Chaoyang Municipal Supervisory Commission of Liaoning Province. The Chaoyang Municipal People's Procuratorate has designated the jurisdiction of the People's Procuratorate of Liaoning Province to file a public complaint with the Chaoyang Intermediate People's Court in accordance with law. At the stage of examining the indictment, the procuratorial office informed the defendant Wu Canqi of his procedural rights in accordance with the law and questioned the defendant and listened to the opinions of his defense in accordance with the law. Chaoyang Municipal People's Procuratorate charges: Defendant Wu Canqi used his position as Deputy General Manager of Shandong Shihua Natural Gas Co., Ltd., China Petroleum & Chemical Group Co., Ltd.
Express News | Goldman Sachs expects OPEC+ to reduce supply over a longer period of time
[Crude oil market closing] The decline in US crude oil inventories far exceeded expectations for the rise in oil prices
Oil prices rose slightly on Wednesday (May 8), after US oil storage data showed that crude oil inventories declined more than expected as refineries increased production before the summer driving season arrived.
Sinopec (600028): Significant month-on-month improvement in performance, high dividends show investment value
Incident 1: On March 24, the company released its 2023 annual report. In 2023, the company achieved revenue of 3212.2 billion yuan, -3.2% year on year; net profit to mother of 60.5 billion yuan, -9.9% year on year; net profit after deduction of 60.7 billion yuan
WTI crude oil once fell below 77! KITU Macro: Some geo-risk premiums have been lifted
Economists at KITU Macro said that part of the risk premium for the Iran-Israel conflict has now been lifted, and OPEC+ may gradually eliminate production cuts starting in July.
Hong Kong oil and gas stocks rose. CNPC shares and CNOOC both rose more than 1%, and China Petroleum & Chemical Corp. rose 0.83%.
Hong Kong oil and gas stocks rose. CNPC shares and CNOOC both rose more than 1%, and China Petroleum & Chemical Corp. rose 0.83%.
Direct impact of changes | Petroleum stocks are generally on the rise, OPEC+ production cuts are expected to support oil prices, and Saudi Aramco will raise the price of crude oil in Asia
The Zhitong Finance App learned that petroleum stocks generally rose. As of press release, CNOOC (02883) rose 3.01% to HK$8.56; CNPC (00857) rose 2.35% to HK$7.41; Sinopec (00386) rose 1.87% to HK$4.9; and CNOOC (00883) rose 1.41% to HK$20.1. According to the news, oil prices fell sharply on Tuesday, and US API inventories continued to exceed expectations, marginally weakening oil prices. Xingzheng Futures believes that the current oil price has returned to a reasonable range after the geographical premium has gradually declined, and production reduction policies are still being maintained in OPEC+
The US restarts the reserve replenishment program, and is Biden ready to deal with soaring oil prices at any time?
Biden restarts the SPR supplement plan when oil prices fall. If oil prices rise before the election, Biden may release SPR again.
Changes in US dollar bonds | Sinopec Group SINOPE 3.35 05/13/50 prices fell 1.103% to 72.537
The current price of SINOPE 3.35 05/13/50 issued by Sinopec Group on May 8 fell -1.103% with a yield of 5.310%.
Could OPEC+ “open the door” to increase production? Russia's words make the oil market uneasy!
Russian Deputy Prime Minister Novak said that the possibility of increasing oil production under the OPEC+ agreement is being analyzed.
Market Chatter: Sinopec Negotiating With Pembina for LNG Offtake, Equity Purchase Deals
China Petroleum & Chemical Corp. (HKG:0386, SHA:600028) is negotiating with Canada's Pembina Pipeline for a liquefied natural gas offtake agreement and equity purchase in the Cedar LNG project, Reuters reported, citing two unnamed sources.
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