China Petroleum & Chemical (386)
4.13 HKD -0.06 (-1.43%) Volume: 257.95M
China Petroleum & Chemical’s stock price is currently trading at 4.13 HKD, experiencing a drop of -1.43% this trading session with a hefty trading volume of 257.95M. The stock has seen a downward trend YTD with a percentage change of -7.19%, showcasing the evolving dynamics of the market.
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, has recently signed an $850 million contract with Algeria’s Sonatrach for hydrocarbon development and exploration. This move highlights the importance of going global for China’s petrochemical producers like Sinopec. The deal signifies a significant step in expanding Sinopec’s presence in the global market and diversifying its operations. Investors are closely monitoring these developments, which may impact China Petroleum & Chemical‘s stock price movements today.
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 bright 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 peers. Additionally, its strong Dividend and Momentum scores indicate stability and positive market sentiment. While its Growth and Resilience scores are not as high, they still suggest a promising future for the company.
As a major producer and trader of petroleum and petrochemical products in China, China Petroleum & Chemical Corporation is well-positioned in the market. Its diverse range of products, including gasoline, diesel, synthetic fibers, and chemical fertilizers, allows the company to cater to various sectors of the economy. With favorable Smartkarma Smart Scores across different factors, China Petroleum & Chemical is likely to continue its success in the industry and maintain its strong presence in the market.
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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