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CLSA Lifts PETROCHINA (00857.HK) TP to $12, Expects Continued Outperformance This Yr
2026-03-30 16:02:07
PETROCHINA (00857.HK)'s 2025 overall earnings showed no surprises, with net profit declining by 4% YoY to RMB157 billion, in line with the broker's expectation, CLSA published a research report saying.

However, the increase in the dividend payout ratio to 55% is positive news and should be welcomed by the market. With more favorable shareholder returns, PETROCHINA's performance over the past 6 and 12 months has outperformed its peers, and the broker estimated this trend to continue this year.

Incorporating the latest oil price assumptions, CLSA raised its 2026-2028 EPS forecasts by 10-18%, and lifted its target prices for PETROCHINA's H-/ A-shares from $9.6/ RMB13.1 to $12/ RMB15.9 each, with ratings reaffirmed at Outperform.
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AASTOCKS Financial News
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