Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An update from China Petroleum & Chemical ( (HK:0386) ) is now available.
China Petroleum & Chemical Corporation announced that its controlling shareholder, Sinopec Group, plans to increase its shareholdings in the company by up to RMB3 billion within the next year. This move, financed through internal funds and special loans, reflects confidence in the company’s growth prospects and aims to strengthen its market position. The plan complies with relevant securities laws, and the company will ensure timely disclosure of progress. However, there are risks associated with market changes that could affect the plan’s success.
More about China Petroleum & Chemical
China Petroleum & Chemical Corporation, also known as Sinopec, operates in the energy sector, primarily focusing on the exploration, production, and distribution of petroleum and petrochemical products. The company is a major player in the global market, with a significant presence in both domestic and international markets.
YTD Price Performance: -10.53%
Average Trading Volume: 16,776
Technical Sentiment Signal: Buy
Current Market Cap: $89.67B
Find detailed analytics on 0386 stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue