News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>Citi Cuts SINOPEC CORP TP to $5.2, Continues to Prefer PETROCHINA as Top Pick
Citi Research issued a research report updating its earnings forecast and target price for SINOPEC CORP (00386.HK), reflecting adjusted assumptions. The broker also lowered its 202...
Reset
Send
The window will close in 5 seconds
<Research>Citi Cuts SINOPEC CORP TP to $5.2, Continues to Prefer PETROCHINA as Top Pick
Close
Recommend
47
Positive
93
Negative
37
 
SHORT SELL
 
STOCK INFO

Citi Research issued a research report updating its earnings forecast and target price for SINOPEC CORP (00386.HK)  -0.270 (-5.870%)    Short selling $320.01M; Ratio 16.943%   , reflecting adjusted assumptions. The broker also lowered its 2025 EPS forecast by 15%, and cut its target price from $5.3 to $5.2.

Citi Research expected SINOPEC CORP's 2Q25 net profit to decrease by over 40% QoQ to approx. RMB8 billion, primarily due to losses in refining business and market inventory, as well as weak performance in exploration and production.

Related NewsBofAS: SINOPEC CORP (00386.HK) 1H25 Operating Data Below Forecasts; TP $4.8
Nevertheless, with crude oil prices stabilizing and a slight improvement in core refining margins, a rebound in 3Q25 results is anticipated.

Although Citi Research still preferred PETROCHINA (00857.HK)  -0.250 (-3.259%)    Short selling $267.31M; Ratio 17.914%   as its top pick among Chinese oil and gas stocks, SINOPEC CORP's stable dividend yield of about 6% and potential share buyback could provide some support.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

AASTOCKS Financial News
Website: www.aastocks.com
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.