00934 SINOPEC KANTONS
- 4.270
- +0.030+0.71%
SINOPEC KANTONS News
Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.
Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.
Oil: Recent Price Action Is Associated With Global Macro Flows – TDS
The Biden administration is seeking additional funds to bolster the petroleum reserves. The energy department only has 1.2 billion US dollars left in its account to purchase crude oil products.
The US Department of Energy has been slowly replenishing its global strategy petroleum reserves, which have decreased to an unprecedented low since the Russia-Ukraine conflict, reaching the lowest level in forty years.
Wall Street determines: Trump's bearish on oil prices.
Goldman Sachs and Citigroup both believe that Trump's tariff policy may bearish for oil prices. Goldman Sachs said that if tariffs severely affect the global economy, oil prices may fall by $11 to $19 per barrel next year.
Sinolink initiates coverage on Sinopec Kantons (00934) with a "buy" rating and a target price of HKD 5.36.
Sinolink predicts that Sinopec Kantons (00934) will have net income attributable to shareholders of HKD 1.36 billion, HKD 1.42 billion, and HKD 1.47 billion from 2024 to 2026, respectively.
Sinopec Kantons Unveils New Board Structure
Sinopec Kantons (00934): Zhong Fuliang appointed as the chairman of the board of directors.
Sinopec Kantons (00934) announced that, effective July 19, 2024, Mr. Chen Yao-huan resigned from the company...
Express News | Sinopec Kantons - Resignation of Chen Yaohuan as Chairman
Express News | Sinopec Kantons - Appointment of Zhong Fuliang as Chairman of Board
Hang Seng Index Company: The Hang Seng Stock Connect State-Owned Enterprise Value Index has risen by more than 26% since the beginning of the year, significantly outperforming the market.
Heng Seng Index Company stated that state-owned enterprises have significantly outperformed in the Hong Kong stock market in recent years.
Global commodity inventory is in a state of emergency: inventory days of available commodities outside of China experienced the largest month-on-month decline in 31 months.
JPMorgan said that the main reason for this decline was due to the decrease in crude oil and refined product inventories. The global available days of oil and refined products in June decreased sharply by 2.5 days, the largest monthly decline in four years.
Hong Kong Stock Market News: Sinopec Kantons (00934) rose more than 6% during trading. The company is a leading domestic petrochemical storage and transportation enterprise that has long focused on shareholder returns.
According to the news from the 21st Century Business Herald app, Sinopec Kantons (00934) rose more than 6% in intraday trading, reaching a high of 4.3 Hong Kong dollars, the highest since October 2017. As of the time of publication, it was up 4.94% at HKD 4.25, with a turnover of HKD 34.5318 million. GTJA pointed out that in 2020, based on the development strategy and the overall consideration of the group, the company divested its natural gas pipeline business and sold 100% equity of Sinopec Yujie Pipeline, focusing on crude oil terminals and LNG logistics transportation business. China's oil and gas imports have grown rapidly, and Sinopec has signed several international LNG purchase and sale contracts as a domestic petrochemical warehousing and transportation leader.
Sinopec Kantons Holdings Limited Goes Ex Dividend Tomorrow
IEA警告！石油2030年将面临严重产能过剩，届时OPEC+也“无力回天”
Oil Inches Lower After Rally as Investors Await U.S. Inflation Data, Fed Meeting
SINOPEC KANTONS: 2023 Annual Report
国际油价冲破90美元大关，100美元还会远吗？小摩喊话
SINOPEC KANTONS To Go Ex-Dividend On June 12th, 2024 With 0.15 HKD Dividend Per Share
Sinopec Kantons Sees Jump in Fiscal 2023 Net Profit
Sinopec Guande (00934) will pay a final dividend of HK15 cents per share on June 28
Sinopec Guande (00934) announced that it will pay a final dividend of HK15 cents per share on June 28, 2024.
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