China Petroleum & Chemical’s stock price surges to 4.65 HKD, marking a robust 1.53% increase

China Petroleum & Chemical (386)

4.65 HKD +0.07 (+1.53%) Volume: 148.21M

China Petroleum & Chemical’s stock price is currently at 4.65 HKD, with a positive session change of +1.53%. The trading volume stands at 148.21M, witnessing a significant YTD increase of +13.94%. Invest in 386 for robust returns.

Latest developments on China Petroleum & Chemical

China’s Sinopec has seen significant stock price movements due to a series of key events. The company has announced its involvement in the construction of a $7.7B gas and chemical complex in Kazakhstan, marking its first venture in the region. Furthermore, Sinopec has commenced operations at a 3 million tons per year PTA plant, adding to its production capacity. In a move towards sustainable transportation, the company also successfully completed the world’s longest road haul test using heavy-load hydrogen trucks. Finally, discussions are underway with KMG and Russia’s SIBUR for the construction of a polyethylene plant in the Atyrau region.

A look at China Petroleum & Chemical Smart Scores

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 a high score in Value, the company is considered to be undervalued compared to its peers, making it an attractive investment opportunity. Additionally, its strong Dividend score indicates that it provides a stable dividend income for investors. While the Growth and Resilience scores are moderate, the company excels in Momentum, suggesting positive price trends in the future.

As a major producer and trader of petroleum and petrochemical products in China, China Petroleum & Chemical Corporation has a solid market presence. Offering a wide range of products including gasoline, diesel, synthetic fibers, and chemical fertilizers, the company serves the domestic market effectively. With favorable Smartkarma Smart Scores in key areas like Value and Momentum, China Petroleum & Chemical is well-positioned for continued success in the industry.

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