China Petroleum & Chemical (386)
3.82 HKD +0.01 (+0.26%) Volume: 206.93M
China Petroleum & Chemical’s stock price stands at 3.82 HKD, marking a slight increase of +0.26% in this trading session with a substantial trading volume of 206.93M. Despite this recent uptick, the company’s stock has experienced a -14.16% decline YTD, reflecting an overall bearish trend in the market.
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, has been making significant moves in the petrochemical industry, particularly in partnership with Saudi Aramco. The two giants recently announced plans to add major petrochemical capacity at their Yanbu complex in Saudi Arabia, expanding their existing joint ventures. This expansion comes as part of a larger trend of collaboration between the companies, with agreements signed to advance petrochemical projects and refinery expansions. The partnership between Sinopec and Aramco aims to drive energy security and innovation, with a focus on petrochemical mega-projects. This strategic alliance is set to have a significant impact on the stock price movements of China Petroleum & Chemical today.
A look at China Petroleum & Chemical Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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, is positioned well for long-term success based on its strong Smart Scores. With a top score in both Value and Dividend factors, the company shows promise in terms of financial health and shareholder returns. Additionally, with solid scores in Momentum and Resilience, China Petroleum & Chemical demonstrates stability and potential for growth in the future.
While the company scores slightly lower in Growth compared to other factors, its overall outlook remains positive. China Petroleum & Chemical‘s diverse product offerings and widespread market presence in China provide a solid foundation for continued success in the petroleum and petrochemical 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
