China Petroleum & Chemical (386)
3.81 HKD +0.03 (+0.79%) Volume: 273.27M
China Petroleum & Chemical’s stock price stands at 3.81 HKD, noting a positive shift this trading session with an increase of +0.79%, backed by a robust trading volume of 273.27M. Despite the recent uplift, the stock records a year-to-date percentage change of -14.38%, reflecting its performance in the broader market.
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, has been making significant moves in the energy industry recently. The company has expanded its partnership with Saudi Aramco, signing multiple agreements for petrochemical projects in Saudi Arabia. This includes plans to boost stake in China Petroleum & Chemical, as well as agreements with Yasref for petrochemical expansion. These developments have not gone unnoticed in the market, with Sinopec’s controlling shareholder increasing their stake and Shanghai shares rising by 5%. Additionally, Sinopec has joined forces with CATL to construct a massive battery swap network in China, further solidifying its presence in the energy sector. With these strategic partnerships and expansions, China Petroleum & Chemical is poised for growth and potential stock price movements in the near future.
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 for a strong long-term outlook according to Smartkarma Smart Scores. With top scores in both Value and Dividend, the company is deemed to be a solid investment option. Additionally, its respectable scores in Momentum and Growth indicate potential for future growth and profitability. While not scoring as high in Resilience, Sinopec’s overall Smart Score suggests a positive outlook for the company in the coming years.
China Petroleum & Chemical Corporation, a major player in the petroleum and petrochemical industry, has received favorable ratings in key areas such as Value and Dividend according to Smartkarma Smart Scores. With a diverse product portfolio that includes gasoline, diesel, and synthetic fibers, the company has a strong presence in the Chinese market. Despite slightly lower scores in Growth and Resilience, Sinopec’s overall outlook remains promising based on its impressive Smart Scores.
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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