China Petroleum & Chemical (386)
5.09 HKD +0.05 (+0.99%) Volume: 72.75M
China Petroleum & Chemical’s stock price stands at 5.09 HKD, witnessing a positive growth of +0.99% this trading session with a substantial trading volume of 72.75M, and an impressive YTD percentage change of +23.96%, highlighting its strong performance in the market.
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, has been making significant strides in the global market recently. The company has entered the Front-End Engineering Design (FEED) phase for a proposed Atyrau PTA-PET plant in collaboration with Kazakhstan’s KMG. This move showcases Sinopec’s commitment to expanding its presence in the petrochemical industry. In addition, Sinopec has secured a major tank farm project in Saudi Arabia, further solidifying its position as a key player in the global energy sector. These developments are likely to have a positive impact on China Petroleum & Chemical‘s stock price movements in the near future.
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 promising long-term outlook based on its Smartkarma Smart Scores. With high scores in Value and Dividend, the company is seen as a strong investment opportunity. Its solid performance in these areas indicates that it offers good value for investors and has the potential for stable dividend payouts.
Although China Petroleum & Chemical scores slightly lower in Growth and Resilience, its Momentum score is a perfect 5, suggesting that the company is currently experiencing strong positive momentum in the market. Overall, the company’s diverse range of petroleum and petrochemical products, coupled with its strong market presence in China, positions it well for continued success in the future.
Summary: China Petroleum & Chemical Corporation produces and trades petroleum and petrochemical products. The Company offers gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers. China Petroleum & Chemical markets its products throughout China.
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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