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Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Biggest Owners Are Private Companies Who Got Richer After Stock Soared 4.2% Last Week
Research reports | gtja: Maintaining a 'shareholding' rating on rongsheng petro chemical, with a target price of 12.23 yuan.
Gtja research reports pointed out that the reason for the lower-than-expected performance of rongsheng petro chemical (002493.SZ) in the third quarter is the weak demand for chemicals, and the impact of new energy replacing finished oil, resulting in demand lower than market expectations. In addition, the significant fluctuations in oil prices in the third quarter have brought about some devaluation effects on performance. The company has signed multiple strategic agreements with Saudi Aramco, planning to expand downstream markets through mutual shareholding of subsidiaries, joint projects, and jointly develop overseas markets. On August 21, the company announced that the controlling shareholder intends to continue to increase its shareholding in the company by an amount not less than 0.5 billion yuan and not more than 1 billion yuan, without setting a shareholding price range. This major shareholder
Express News | Yulong Petrochemical Aims to Start Test Runs at Second 200,000-Bpd Crude Unit in January -Sources
Express News | China's Yulong Petrochemical Ramps up Operating Rate of New 200,000-Bpd Crude Unit in Shandong to 90% -Sources
Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Shares Could Be 43% Below Their Intrinsic Value Estimate