Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CLSA: PETROCHINA (00857.HK) 1Q26 Results Solid, Sees Stronger 2Q26 Growth; TP HKD12
Recommend 2 Positive 5 Negative 3 |
||||
|
||||
|
CLSA published a research report stating that PETROCHINA (00857.HK) delivered solid results in 1Q26. However, due to a one-month lag in the realization of earnings from its exploration and production segment, the positive impact from rising oil prices since March has yet to be reflected. The broker expects stronger QoQ growth in 2Q26 results to be announced in August. The broker believes that amid current geopolitical tensions, PETROCHINA is best positioned to capture the earnings upside from higher oil prices. It reiterated its Outperform rating on PETROCHINA H-shares and PETROCHINA (601857.SH) A-shares, with a TP of HKD12 for the H-shares and RMB15.9 for the A-shares. (hc/u) 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
 |
||||
