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| HSI1 | 19,553.61 | +177.08 | 179.30B |
| HSCEI1 | 6,934.70 | +63.32 | 77.11B |
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2024-05-02 12:39:15 CITIC Securities issued a research report initiating coverage on SINOPEC KANTONS (00934.HK), with rating at Buy. CITIC Securities said that the Company is a petrochemical storage and logistics company under SINOPEC CORP (00386.HK), which owns a number of crude oil terminals and petrochemical storage assets in mainland China, and has a relatively stable performance in terms of revenues and profits in various businesses. With the gradual divestment from non-performing assets, the Company is expected to see steadily rising earnings in the future. SINOPEC KANTONS has sufficient cash on hand, and its business is growing steadily, CITIC Securities added. CITIC Securities expected that there will be room for improvement for dividend in the future. Net profit is now forecasted to reach $1.37 billion/ $1.46 billion/ $1.46 billion from 2024 to 2026, with a lower valuation level of the current price and a target price of $6.2. ~ AAStocks Financial News Web Site: www.aastocks.com | |