BK1205 Petroleum
- 1322.377
- +4.350+0.33%
Damo: Target price for Sinopec (00386.HK) “increase in holdings” rating lowered to HK$5
Damo released a research report stating that it gave Sinopec (00386.HK) an “additional” rating, and the target price was lowered from HK$5.21 to HK$5. Considering Sinopec's performance in the first quarter of fiscal year 2024, it was decided to reduce its net profit forecast for the 2024-2026 fiscal year by 4%, 7%, and 6%, respectively. It is mainly based on the bank's reduction in profit before interest and tax (EBIT) from Sinopec's exploration and production business to take into account the year-on-year decline in natural gas prices; and reducing EBIT in the refining sector to reflect the impact of high crude oil prices.
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.
BlackRock sold 6.616 million H shares of China Petroleum & Chemical (00386.HK) with a value of about HK$31.3949 million
On May 2, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 2, BlackRock, Inc. (BlackRock, Inc.) sold $6.616 million H shares at an average price of HK$4.7453 per share on April 26, worth approximately HK$31.3949 million. After the sale, BlackRock's latest shareholding was 1.706 billion shares, and the good position ratio dropped from 7.03% to 6.99%. Photo Source: Stock Exchange Equity Disclosure What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals holding 5% or more of the shares
CITIC Securities released a research report stating that for the first time, it covered Sinopec Guande (00934.HK) to give a “buy” rating and predicts that net profit from 2024 to 2026 will reach 1.37 billion, 1.46 billion yuan and 1.46 billion yuan, with
CITIC Securities released a research report stating that for the first time, it covered Sinopec Guande (00934.HK) to give a “buy” rating and predicts that net profit from 2024 to 2026 will reach 1.37 billion, 1.46 billion yuan and 1.46 billion yuan, with lower current valuation levels of HK$6.2. The bank pointed out that the company is a petrochemical warehousing and logistics company under Sinopec (00386.HK), which owns several crude oil terminals and petrochemical storage assets in mainland China. The revenue and profit performance of various businesses is relatively stable, and it is expected that future profits will rise steadily as it gradually divests its non-performing assets. In addition, Sinopec Guande's cash-sufficient business is also growing steadily.
DBS Reaffirms Their Buy Rating on PetroChina Company (PCCYF)
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
Zhitong Hong Kong Stock Connect Active Trading | April 30
On April 30, 2024, CNOOC (00883.HK), Bank of China (03988.HK), and Tencent Holdings (00700.HK) ranked in the top 3 of Shanghai-Hong Kong Stock Connect (southbound) turnover, with turnover of 1,578 billion yuan, 1,159 billion yuan, and 1,060 billion yuan respectively; Tencent Holdings (00700.HK), Meituan-W (03690.HK), and CNOOC (00883.HK) ranked in the top 3 transactions of Shenzhen-Hong Kong Stock Connect (Southbound) The turnover was $925 million and 9.18, respectively 100 million yuan, 636 million yuan
Southbound Capital made a net purchase of 3.249 billion yuan today. On the Hong Kong Stock Connect side, Bank of China and China Mobile received net purchases of HK$1,061 million and HK$143 million respectively; CNOOC had the highest net sales volume of H
Southbound Capital made a net purchase of 3.249 billion yuan today. On the Hong Kong Stock Connect side, Bank of China and China Mobile received net purchases of HK$1,061 million and HK$143 million respectively; CNOOC had the highest net sales volume of HK$196 million; on the Hong Kong Stock Connect side, CNOOC and CCB received net purchases of HK$126 million and HK$88 million respectively; and Meituan-W had the highest net sales volume of HK$377 million.
Hong Kong stocks closed (04.30) | The Hang Seng Index rose slightly by 0.09%, domestic housing and brokerage stocks declined, and Vanke (02202) fell 9% after the performance
After the “six consecutive gains” of Hong Kong stocks, today's upward trend has slowed down. The three major stock indexes rushed higher in early trading and then fell. Only the Hang Seng Index successfully turned red.
Sinopec's Profit, Revenue Slip in Q1 2024
China Petroleum and Chemical (SHA:600028, HKG:0386) or Sinopec booked a net profit attributable to equity shareholders of 18.3 billion yuan, or 0.153 yuan per share, in the first quarter of the year,
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%.
Intraday Overview | Petroleum and shipping stocks strengthened, CNOOC rose 4%, and Dongfang Overseas International rose nearly 6%
Auto stocks continued to rise, with Ideal Auto rising more than 3%; coal stocks strengthened, Yankuang Energy rose nearly 4%; and L'Occitane surged nearly 10%.
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%.
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.
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.
CHINA OILFIELD To Go Ex-Dividend On June 7th, 2024 With 0.23152 HKD Dividend Per Share
April 30th - $CHINA OILFIELD(02883.HK)$ is trading ex-dividend on June 7th, 2024. Shareholders of record on June 11th, 2024 will receive 0.23152 HKD dividend per share on June 30th, 2024. The ex-d
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: 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.
China Oil & Gas Holdings (00702.HK): Petition Hearing Postponed Until June 3
China Oil and Gas Holdings (00702.HK) issued an announcement. The High Court heard on April 29, 2024, approving the company's application for an extension and extending the hearing of the petition until June 3, 2024.