China Petroleum & Chemical (386)
4.35 HKD +0.09 (+2.11%) Volume: 135.47M
“China Petroleum & Chemical’s stock price surges to 4.35 HKD, marking a positive trading session with a +2.11% increase and an impressive trading volume of 135.47M. The company’s stock performance continues to thrive with a year-to-date percentage change of +6.36%, highlighting a promising investment opportunity.”
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, saw its stock price rise today as Saudi Aramco strengthened its cooperation with Chinese petrochemical giants. Aramco signed downstream agreements with Chinese refiners, including deals with China’s Rongsheng Petrochemical and Hengli Group. This news comes amid reports of slow world oil demand growth since the pandemic, particularly as China’s economy shows signs of cooling. Despite this, Sinopec led listed energy shares higher as oil prices climbed, reflecting the positive market sentiment towards the company.
A look at China Petroleum & Chemical Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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 strong scores in value, dividend, and momentum, the company is positioned well for future growth and stability. While its growth and resilience scores are slightly lower, Sinopec’s overall outlook remains positive.
As a producer and trader of petroleum and petrochemical products, China Petroleum & Chemical Corporation plays a vital role in the energy sector. Its diverse range of products, including gasoline, diesel, and synthetic fibers, allows the company to serve various industries and markets within China. With solid scores across key factors, Sinopec is expected to continue its success in the long run.
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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