China Petroleum & Chemical (386)
4.90 HKD +0.10 (+2.08%) Volume: 85.43M
China Petroleum & Chemical’s stock price is currently at 4.90 HKD, marking a positive trading session with a +2.08% increase and an impressive trading volume of 85.43M. With a year-to-date percentage change of +19.80%, the company continues to show robust performance in the stock market.
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, saw a surge in stock price today following reports of the company’s plans to increase its investment in hydrogen energy. This move comes after a series of positive developments for the company, including the successful completion of a major refinery upgrade and the signing of new deals with international partners. Analysts believe that these strategic moves will help Sinopec solidify its position as a key player in the global energy market, leading to a positive outlook for the company’s stock price 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
Based on the Smartkarma Smart Scores, China Petroleum & Chemical Corporation seems to have a positive long-term outlook. With high scores in Value and Dividend, the company appears to be financially stable and potentially a good investment option for those looking for consistent returns. Additionally, the high Momentum score suggests that the company is experiencing strong growth and market interest, which could lead to further success in the future.
Although China Petroleum & Chemical Corporation has slightly lower scores in Growth and Resilience, the overall outlook remains promising. The company’s diverse range of petroleum and petrochemical products, along with its strong presence in the Chinese market, positions it well for continued success. Investors may want to keep an eye on this company as it continues to grow and expand its offerings in the 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
