China Petroleum & Chemical (386)
4.19 HKD -0.03 (-0.71%) Volume: 125.14M
China Petroleum & Chemical’s stock price stands at 4.19 HKD, experiencing a slight dip of -0.71% this trading session, with a trading volume of 125.14M shares. Despite the daily fluctuation, the stock has shown resilience with a year-to-date percentage increase of +2.44%.
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, has recently made significant strides in its operations, with the startup of an ethylene complex in Tianjin, China. This move is expected to boost shareholder confidence as the company continues to expand its production capabilities. Additionally, Saudi Arabia’s decision to reduce crude oil supply to China in December due to weak demand may impact the stock price movements of China Petroleum & Chemical in the coming days. With the launch of a 1.2 million metric ton ethylene plant in Tianjin, Sinopec is positioning itself for further growth and market stability.
A look at China Petroleum & Chemical Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Petroleum & Chemical Corporation, also known as Sinopec, has a strong outlook based on its Smartkarma Smart Scores. With top scores in both Value and Dividend, the company is seen as a solid investment option for those looking for stable returns. Additionally, its scores in Growth, Resilience, and Momentum indicate a steady performance in the market, although not as strong as its Value and Dividend ratings. Overall, Sinopec’s Smart Scores suggest a positive long-term outlook for the company.
As a major producer and trader of petroleum and petrochemical products in China, China Petroleum & Chemical Corporation plays a crucial role in the country’s energy sector. Its diverse product range, including gasoline, diesel, jet fuel, and chemical fertilizers, allows the company to meet various market demands. With a strong presence in the Chinese market, Sinopec is well-positioned to capitalize on the country’s growing energy needs. The company’s high scores in Value and Dividend highlight its financial stability and attractiveness to investors, making it a promising choice for those seeking long-term growth potential.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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