China Petroleum & Chemical (386)
4.25 HKD -0.05 (-1.16%) Volume: 112.53M
“China Petroleum & Chemical’s stock price stands at 4.25 HKD, experiencing a -1.16% change this trading session with a trading volume of 112.53M. The stock has seen a -4.49% change YTD, reflecting its performance in the market.”
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, is facing challenges in the domestic petrochemical industry as a result of China’s “low-cost air strike.” This has created a “real crisis” for the company, impacting its stock price movements. In response to these challenges, Sinopec has entered into a joint venture with Shell and Cnooc to expand its petrochemical complex in China. This strategic move aims to strengthen Sinopec’s position in the market and navigate the current industry challenges. Stay tuned for updates on how this joint venture will impact Sinopec’s stock performance in the coming days.
A look at China Petroleum & Chemical Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 5 | |
Dividend | 4 | |
Growth | 3 | |
Resilience | 3 | |
Momentum | 4 | |
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 positive long-term outlook based on its Smartkarma Smart Scores. With a top score in Value, the company is considered to be undervalued compared to its competitors. This indicates potential for growth in the future. Additionally, Sinopec scores well in Dividend and Momentum, showing that it offers good returns to investors and has positive market momentum.
While Sinopec’s Growth and Resilience scores are not as high as some other factors, the overall outlook for the company remains strong. As a leading producer and trader of petroleum and petrochemical products in China, Sinopec has a diverse product range that is marketed throughout the country. This, coupled with its solid scores in key areas, positions the company well for continued success in the long term.
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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