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Sinopec SEG (02386.HK) has been included as a qualified share in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.
On September 9th, GeLongHui announced that according to the announcements issued by the Shanghai Stock Exchange and the Shenzhen Stock Exchange, starting from September 10th, 2024, the company's shares will be included in the eligible securities list of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (collectively referred to as the 'Stock Connect'). On September 9th, 2024, the company's shares were also included in the Hang Seng Composite Index and its constituent indexes (including the Hang Seng Composite Industry Index - Energy Industry and the Hang Seng Composite Midcap & Smallcap Index). The inclusion of the company's shares in the securities list of the Stock Connect demonstrates the market's recognition of the company's business performance.
Express News | Sinopec Engineering - Inclusion of Co as an Eligible Stock of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect
Overnight international oil prices plunged, causing market concerns. PetroChina's H-shares fell nearly 6%.
Why did international oil prices weaken overnight? How do institutions view future oil prices?
sinopec seg (02386.HK) has canceled and repurchased listed in hong kong
Gelonghui, August 30th, Sinopec Seg (02386.HK) announced that from June 20, 2024 to August 23, 2024, the company repurchased a total of 5,547,500 H-shares, accounting for approximately 0.13% of the total issued share capital as approved by the shareholders' annual meeting in 2023, the first domestic share category shareholders' meeting in 2024, and the first H-share category shareholders' meeting in 2024, and 0.38% of the total issued H-shares. The repurchased shares were cancelled on August 30, 2024. After the cancellation of the repurchased 5,547,500 H-shares, the
Citi: Reiterates a "shareholding" rating on Sinopec SEG, with target price raised to HK$6.6.
JPMorgan released a research report stating that Sinopec SEG (02386) will be re-included in the Hang Seng Composite Index as a constituent stock at the beginning of next month, signaling that it has met the prerequisites for inclusion in the "Hong Kong Stock Connect." Therefore, it holds a positive view on its mid-term prospects, reiterating a "shareholding" rating, and raising the target price from 5.6 Hong Kong dollars to 6.6 Hong Kong dollars. The report stated that the company's new signed contracts and the backlog of orders in the first half of the year reached new highs, reaching 50 billion and 157.8 billion RMB respectively. The management emphasized a highly constructive view on the mid-term growth prospects in the market, but due to the new signed contracts being more for overseas projects, the gross margin outlook is likely to be affected.
Divergence is increasing! The surge in oil prices has driven the rise of the three major listed in hong kong institutions, but warnings from institutions indicate limited room for a rebound.
①The international oil prices have risen for three consecutive days in the short term. Why has the divergence in institutions increased instead? ②The H shares of the 'Big Three' oil companies have collectively risen. What are the highlights of the rebound market?
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