Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Mildly Raises PETROCHINA's TP to HKD11.7, Estimates Oil Biz to Fuel This Yr's Growth
Recommend 4 Positive 0 Negative 1 |
||||
|
||||
|
Benefiting from its integrated supply chain and diversified oil and gas portfolio, PETROCHINA (00857.HK) has shown resilience in its earnings despite fluctuations in energy prices, according to a report from HSBC Global Research. Although recent growth has been driven by improved profitability in the natural gas business, HSBC Global Research expects this year's earnings to be more driven by the oil business, as it forecasts an average Brent crude oil price of USD80 per barrel. Consequently, PETROCHINA's earnings and cash flow will further strengthen, alongside an improvement in dividend resilience. HSBC Global Research has kept a Buy rating on PETROCHINA and lifted its target price from HKD11.6 to HKD11.7. This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
