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<Research>Citi: PETROCHINA (00857.HK) 1Q Results Strong Beat; 2Q To Be Dented by Oil Price Drop, But Natural Gas Biz to Provide Buffer
Recommend 15 Positive 26 Negative 16 |
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PETROCHINA (00857.HK)'s 1Q25 net profit amounted to RMB46.8 billion, up 2% YoY, ahead of Citi Research's forecast of a mid-single-digit percentage decline, compared to SINOPEC CORP (00386.HK)'s decline of about 25% over the same period, Citi Research issued a research report saying. Citi Research anticipated that 2Q25 will be dented by the drop in oil prices, but the natural gas business will provide a buffer. Therefore, the broker rated PETROCHINA's H-shares at Buy, with a target price of $8.2. AAStocks Financial News |
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