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<Research>UBS Slightly Cuts SINOPEC CORP (00386.HK) TP to $5.2, Keeps Rating at Buy
Recommend 12 Positive 27 Negative 21 |
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SINOPEC CORP (00386.HK)'s 1H25 net profit dropped by 40% YoY to RMB21.5 billion, in line with its previous profit warning, UBS released a research report saying. The Company's 2Q25 profit was RMB8.2 billion, down 53% YoY and 38% QoQ. The broker slightly cut its target price for the Company from $5.3 to $5.2, but kept rating at Buy, believing that the fundamentals of the refining industry will recover in the long term. AASTOCKS Financial News Website: www.aastocks.co |
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