China Petroleum & Chemical (386)
4.19 HKD +0.02 (+0.48%) Volume: 160.52M
“China Petroleum & Chemical’s stock price stands at 4.19 HKD, noting a positive shift of +0.48% in the recent trading session, with a significant trading volume of 160.52M. However, the stock has experienced a decrease YTD, with a percentage change of -5.84%.”
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, saw a surge in stock price today following news of CNOOC’s Daxie Expansion project. This initiative is set to reshape China’s petrochemical landscape, with the potential to significantly impact the industry. Investors are closely monitoring the developments, as Sinopec stands to benefit from increased demand and growth opportunities in the market. The anticipation of these changes has contributed to the positive movement in China Petroleum & Chemical‘s stock price 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 received positive Smart Scores across the board, indicating a promising long-term outlook for the company. With top marks in Value and strong scores in Dividend and Momentum, Sinopec is positioned well for growth and resilience in the market. While its Growth and Resilience scores are slightly lower, the company’s overall performance is bolstered by its solid financials and steady dividend payouts.
As a leading producer and trader of petroleum and petrochemical products in China, Sinopec’s diverse product offerings and extensive market reach contribute to its favorable Smart Scores. The company’s focus on value, coupled with its consistent dividend payments and strong momentum, bode well for its future prospects in the industry. Sinopec’s ability to navigate market challenges and maintain a competitive edge underscores its resilience and growth potential 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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