China Petroleum & Chemical (386)
5.16 HKD +0.06 (+1.18%) Volume: 101.61M
China Petroleum & Chemical’s stock price is performing strongly at 5.16 HKD, marking a promising increase of +1.18% this trading session with a high trading volume of 101.61M, reflecting a robust YTD growth of +26.16%, showcasing the company’s stable financial performance and investment potential.
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, has reported a 2.6% increase in net profit for the first half of 2024 despite a decline in product demand. The company’s upstream strength has helped offset the impact of falling diesel demand, leading to a record output and higher earnings. This positive financial performance has resulted in Sinopec announcing an interim dividend and extending key transactions within the group. With a focus on increasing efficiency and profitability, China Petroleum & Chemical continues to navigate market challenges and deliver solid financial results.
A look at China Petroleum & Chemical Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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 positive long-term outlook based on its Smartkarma Smart Scores. With strong scores in Value and Dividend, the company is seen as a financially stable investment option. Additionally, its high Momentum score indicates that it is currently performing well in the market. However, the company’s Growth and Resilience scores are slightly lower, suggesting that there may be some challenges in terms of expanding its operations and weathering economic downturns.
Overall, China Petroleum & Chemical Corporation is a leading producer and trader of petroleum and petrochemical products in China. Despite facing some growth and resilience challenges, the company’s strong performance in terms of value, dividends, and momentum bodes well for its future prospects in the industry.
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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