China Petroleum & Chemical (386)
4.97 HKD +0.06 (+1.22%) Volume: 94.59M
China Petroleum & Chemical’s stock price is currently at 4.97 HKD, experiencing a positive surge of +1.22% this trading session, with a notable trading volume of 94.59M. The stock has shown an impressive YTD increase of +21.52%, underlining its strong market performance.
Latest developments on China Petroleum & Chemical
China Petroleum & Chemical, also known as Sinopec, saw its stock price surge today following the announcement of a major oil refinery expansion project in Hainan province. This news comes after the company reported a 20% increase in profits for the previous quarter, driven by strong demand for petrochemical products. Additionally, Sinopec recently signed a strategic partnership agreement with Saudi Aramco to explore new opportunities in the energy sector. These developments have boosted investor confidence in the company’s future growth potential, leading to a significant uptick in its stock price.
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 solid investment with good potential for returns. Additionally, its strong Momentum score indicates positive market trends and investor interest. While Growth and Resilience scores are slightly lower, the overall outlook for China Petroleum & Chemical remains positive.
As a leading producer and trader of petroleum and petrochemical products in China, China Petroleum & Chemical Corporation plays a significant role in the country’s energy sector. The company’s diverse product offerings, including gasoline, diesel, synthetic fibers, and chemical fertilizers, cater to a wide range of industries and consumer needs. With a strong presence in the domestic market, China Petroleum & Chemical is well-positioned for continued growth and success in the long term.
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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