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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?
Smart Finance HK Stock Repurchase Statistics | August 23rd
Hong Kong stock repurchase statistics | August 23rd
Sinopec Seg (02386.HK) spent 1.9031 million Hong Kong dollars to repurchase 0.3445 million shares on August 22nd.
On August 22, 2024, Sinopec SEG (02386.HK) announced that it will repurchase 0.3445 million shares for a total of 1.9031 million Hong Kong dollars, at a repurchase price of 5.48-5.55 Hong Kong dollars per share.
Zhitong Hong Kong Stock Repurchase Statistics | August 22
Hong Kong Stock Buyback Statistics | August 22nd
Oil Bottoms Out After UK Navy Reports New Attacks in Red Sea
Is SINOPEC Engineering (Group) Co., Ltd. (HKG:2386) Potentially Undervalued?No Data
