China Petroleum & Chemical (386)
5.36 HKD -0.07 (-1.29%) Volume: 90.26M
China Petroleum & Chemical’s stock price is currently at 5.36 HKD, experiencing a slight dip of -1.29% in the latest trading session but showing strong growth YTD with a +31.05% increase, amidst a trading volume of 90.26M.
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, has seen a mixed financial performance in the first half of 2024. Despite a 2.6% rise in net profit, the company reported a decline in revenue as diesel demand fell. However, Sinopec’s profit increase was driven by record output levels, showcasing the company’s operational strength. In response to their financial results, Sinopec announced an interim dividend and plans to buy back up to USD210.7 million of shares, despite the stock price nearing a 16-year high. These strategic moves reflect Sinopec’s confidence in its long-term growth prospects and commitment to delivering value to shareholders.
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, is showing strong momentum according to Smartkarma Smart Scores. This indicates positive market sentiment and potential for future growth. With high scores in both value and dividend factors, the company is seen as a good investment opportunity for investors looking for stable returns. However, the slightly lower scores in growth and resilience may point to some challenges in the company’s long-term sustainability.
Overall, China Petroleum & Chemical‘s Smart Scores suggest a promising outlook for the company in the long term. Its strong momentum score indicates a positive trend in the market, while the high value and dividend scores make it an attractive option for investors seeking stable returns. Despite slightly lower scores in growth and resilience, the company’s diversified product offerings and strong presence in the Chinese market position it well for future success.
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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