China Petroleum & Chemical (386)
4.22 HKD -0.02 (-0.47%) Volume: 125.08M
China Petroleum & Chemical’s stock price stands at 4.22 HKD, experiencing a slight dip of -0.47% this trading session with a trading volume of 125.08M, however, it boasts a positive YTD change of +3.18%, reflecting its consistent performance in the market.
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, has recently started up an ethylene complex in Tianjin, North China, signaling a strategic move to enhance its production capabilities. This development has boosted shareholding confidence in the company as investors see potential for increased revenue and market share. Additionally, the upcoming decrease in Saudi crude oil supply to China in December due to weak demand is expected to impact the stock price movements of China Petroleum & Chemical as the company navigates through changing market dynamics.
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 solid long-term outlook based on its Smartkarma Smart Scores. With top scores in both value and dividend, the company is seen as a strong investment option for those looking for stable returns. While its growth, resilience, and momentum scores are not as high, the overall outlook remains positive for China Petroleum & Chemical.
Specializing in the production and trading of petroleum and petrochemical products, China Petroleum & Chemical offers a wide range of products including gasoline, diesel, synthetic fibers, and chemical fertilizers. With a strong presence in the Chinese market, the company is well-positioned to capitalize on the growing demand for energy and chemical products in the region. Investors can expect steady returns and value from this industry leader in the long run.
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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