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BofAS: SINOPEC CORP (00386.HK) 1Q Results In Line; Rating Buy
2026-04-29 11:36:42
SINOPEC CORP (00386.HK)'s 1Q26 net profit after tax rose 27% YoY to RMB17.7 billion, broadly in line with market consensus, BofA Securities published a research report saying.

The market will focus on issues like oil procurement costs, by-product prices, insurance & freight, inventory levels and refining & chemicals utilization rates and margins at the analyst briefing, the broker added.

Therefore, BofA Securities kept rating at Buy for the Company's H-shares, with a target price of $5.
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