Bocom International maintain Sinopec neutral rating-htc802w

Bocom International: Sinopec to maintain a neutral rating hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future? Sina Hong Kong stocks launched "Hong Kong stocks are not attractive" big discussion, with a rational and constructive attitude, welcome to pay attention to Hong Kong stocks, people concerned about the capital market, together with Hong Kong stocks for advice and suggestions, and conspiracy of Hong Kong stock market tomorrow. Please to hkstock_biz@sina. After the strong 2 quarter, earnings fell in the 3 quarter. Sinopec announced 3Q16 results, revenue rose 4% to 484 billion 700 million yuan, due to the rebound in oil prices during the period, support for crude oil and refined oil retail prices have increased. Operating profit fell by 26% to 16 billion 300 million yuan. Net profit fell 23% to 10 billion 200 million yuan. This year will focus on natural gas. As the company shifted its focus to the domestic market, Sinopec expanded its natural gas business in Q3. In the first three quarters, the oil and gas production was 322 million 290 thousand barrels of oil equivalent, down 8.13%, of which crude oil production fell by 12.58%, and natural gas production increased by 5.09%. Sinopec adjusted its 2016FY production target in August, with the crude oil production target of 310 million barrels (-14%), and the target of natural gas production was 810 BCF (+10%). The total oil and gas production target was 436 million barrels of oil equivalent, a decrease of 8% (the previous year’s original goal is down 4.9% year on year). Maintaining neutral rating due to refining profit contraction and natural gas production below expectations. In the first three quarters of this year, Sinopec’s crude oil and natural gas prices fell by 27.5% and 23% respectively. Although the 1-3 quarter of the company’s oil production costs fell by 4.2%, but in the reporting period upstream EBIT loss is still expanding to more than 30 billion yuan. In addition, the 1-3 quarter of natural gas production growth is lower than the company’s annual target. Maintain neutral rating and target price of HK $6. Enter Sina Financial shares] discussion

交银国际:维持中石化中性评级 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪财经App:直播上线 博主一对一指导 新浪港股APP:实时行情 独家内参   港股还值不值得投资?出现了什么问题?未来出路在哪里?新浪港股发起“港股还有没有吸引力”大讨论,以理性、建设性的态度,欢迎关注港股、关注资本市场的人士,一起为港股建言献策,共谋港股市场的明天。来稿请至hkstock_biz@sina 。   继强劲的 2 季度后,3 季度盈利有所下跌。中石化公布了 3Q16 业绩,收入环比上升 4%至 4847 亿元,因期内油价反弹,支持原油和成品油的零售价均有所上升。经营利润环比下跌 26%至 163 亿元。纯利环比下跌 23%至 102 亿元。今年将专注天然气。随着公司将业务重心转向国内市场,中石化于 Q3 扩张了天然气业务。于首三季度,油气产量为 3.2229 亿桶油当量,下跌 8.13%,其中原油产量同比下跌 12.58%,天然气产量增长 5.09%。中石化于 8 月调整了 2016FY产量目标 ,原油产量目标为 3.1 亿桶(同比-14%),天然气产量目标为 810 bcf(同比+10%)。总油气产量目标为 4.36 亿桶油当量,同比下降 8%(年初的原目标为同比下降 4.9%)。   因炼油利润收缩和天然气产量低于预期,维持中性评级。于今年首三季度,中石化的实现原油和天然气价格分别下跌 27.5%和 23%。尽管 1-3 季度公司采油成本同比下降 4.2%,但报告期内上游 EBIT 亏损仍扩大至超过 300 亿元。此外,1-3 季度的天然气产量增长低于公司的全年目标。维持中性评级和目标价 6.00港元。 进入【新浪财经股吧】讨论相关的主题文章: