China Petroleum & Chemical’s Stock Price Drops to 4.28 HKD, Experiencing a Slight Decrease of 0.23%

China Petroleum & Chemical (386)

4.28 HKD -0.01 (-0.23%) Volume: 47.97M

China Petroleum & Chemical’s stock price stands at 4.28 HKD, experiencing a slight decrease of -0.23% in the latest trading session with a trading volume of 47.97M. The company’s stock has seen a year-to-date percentage change of -3.82%, reflecting its performance in the market.

Latest developments on China Petroleum & Chemical

China Petroleum & Chemical, also known as Sinopec, is set to increase crude output in order to meet the high demand expected during the Lunar New Year festivities. This move comes as a way to compensate for recent run cuts. Additionally, a joint venture between Shell and CNOOC is planning to expand their south China petrochemical complex. These developments may have an impact on the stock price of China Petroleum & Chemical as investors monitor the company’s production and expansion efforts closely.

A look at China Petroleum & Chemical Smart Scores

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, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a top score in Value, the company is seen as undervalued compared to its peers. Additionally, its strong Dividend score indicates a solid track record of returning profits to shareholders. While its Growth and Resilience scores are not as high, Sinopec’s Momentum score suggests positive market sentiment and potential for future growth.

Overall, China Petroleum & Chemical Corporation, a major player in the petroleum and petrochemical industry, appears to be a solid investment choice according to the Smartkarma Smart Scores. With a focus on producing and trading a wide range of petroleum and petrochemical products, including gasoline, diesel, and synthetic fibers, Sinopec has a strong presence in the Chinese market. Investors may find value in Sinopec’s strong Value and Dividend scores, indicating a potentially profitable and stable investment opportunity.

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.
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