China Petroleum & Chemical (386)
5.09 HKD +0.26 (+5.38%) Volume: 361.36M
China Petroleum & Chemical’s stock price is on the rise, currently standing at 5.09 HKD, marking a significant trading session increase of +5.38%. With a strong trading volume of 361.36M, the company’s stock has also noted a promising YTD percentage change of +24.45%, demonstrating a robust performance in the market.
Latest developments on China Petroleum & Chemical
In a strategic move towards a greener future, China Petroleum & Chemical, better known as SINOPEC, has teamed up with TotalEnergies to strengthen their cooperation. This partnership is expected to influence the stock price movements of SINOPEC today as it signals a significant shift towards low-carbon energy solutions. The collaboration between these energy giants is a clear indication of the East meeting the West in the quest for sustainable energy alternatives.
A look at China Petroleum & Chemical Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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
China Petroleum & Chemical Corporation, also known as Sinopec, has a promising long-term outlook based on its Smartkarma Smart Scores. With a top score in value and strong scores in dividend and momentum, the company is well-positioned for future growth and stability. Sinopec’s focus on producing and trading petroleum and petrochemical products, including gasoline, diesel, and synthetic fibers, aligns with the increasing demand for these products in China.
While Sinopec’s growth and resilience scores are not as high as its value and momentum scores, the company’s overall outlook remains positive. With its diverse product offerings and strong presence in the Chinese market, China Petroleum & Chemical Corporation is set to continue its success in the long run.
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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