Earnings Alerts

China Petroleum & Chemical (386) Earnings: Prelim 1H Net Income Ranges from 20.1B to 21.6B Yuan Amidst Lower Oil Prices

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  • Sinopec’s preliminary net income for the first half of the year is estimated between 20.1 billion yuan and 21.6 billion yuan.
  • The preliminary net income reflects a decrease from previous levels.
  • The fall in international oil prices is a significant factor contributing to the decline in net income.
  • Analyst ratings for Sinopec include 11 buy recommendations and 9 hold recommendations, with no sell recommendations.

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China Petroleum & Chemical on Smartkarma

Analyst coverage on China Petroleum & Chemical on Smartkarma by John Ley highlights key insights into Sinopec’s recent performance. In his research report titled “Sinopec (386) Earnings: Volatility Setup and Post-Release Price Behavior,” Ley examines the 8.47% drop in Sinopec’s stock price and its implications. The analysis delves into price patterns, implied volatility, and earnings outcomes, noting the historical trend of Q1 being the quarter with the second-largest price movements. Ley’s in-depth look at Sinopec’s performance reveals noteworthy findings on implied vols and relative valuation metrics, shedding light on the company’s potential trajectory.


A look at China Petroleum & Chemical Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE4.0

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

Based on the Smartkarma Smart Scores, China Petroleum & Chemical Corporation is showing strong potential in terms of value and dividend. With a top score in both categories, it indicates that the company is seen as a valuable investment with attractive dividend payouts. However, its growth and resilience scores are slightly lower, suggesting a more moderate outlook for expansion and stability. On the other hand, the company’s momentum score is solid, indicating positive market momentum.

China Petroleum & Chemical Corporation, known for its production and trading of petroleum and petrochemical products, seems to be well-positioned for long-term success, especially with its robust value and dividend scores. While growth and resilience may not be as high, the company’s overall performance in the market appears favorable. Investors may want to keep an eye on China Petroleum & Chemical as it continues to navigate the energy sector with its diversified product offerings.


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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