Brokerage morning meeting highlights: Listed companies significantly Increase Stake & Buy Back, demonstrating determination and strength.
In today's brokerage morning meeting, Founder Securities believes that listed companies are significantly increasing their Increase Stake & Buy Back measures to demonstrate resolve and strength; China International Capital Corporation suggested that the Federal Reserve is not expected to cut interest rates in the short term, with a potential restart of rate cuts possibly in the third quarter; HTSC believes that the Real Estate property management Sector has both improvement potential and dividend value.
China Petroleum & Chemical Corporation and Saudi Aramco are advancing the expansion of the Yanbu refinery to enhance the production capacity of high-end petrochemical products.
① China Petroleum & Chemical Corporation signed an agreement with Saudi Aramco to expand the Yanbu refinery, constructing a new 1.8 million tons/year ethylene plant, a 1.5 million tons/year aromatics unit, and supporting downstream polyolefin facilities; ② The Yanbu refinery is a joint venture between China Petroleum & Chemical Corporation and Saudi Aramco, which started production in 2016, processing 0.43 million barrels of Saudi heavy crude oil per day; ③ The expansion will enhance the production capacity of high-end petrochemical products, maximize the integrated refining and chemical synergy effect, and deepen China-Saudi energy cooperation.
Strong policies to maintain stability inject confidence, the Agriculture chain and CSI Consumer 360 index are expected to progress together.
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Petrochina's net profit increased by 2% against the trend, and the green transformation accelerated, leading to a 116% surge in business | Earnings Reports insights.
On March 30th, Petrochina announced its annual report as of December 31, 2024, showing that the company achieved revenue of 2.94 trillion yuan for the year, a year-on-year decrease of 2.5%; Net income attributable to shareholders of the parent company was 164.684 billion yuan, an increase of 2.0%, with basic earnings per share of 0.90 yuan. The Board of Directors recommended a year-end dividend of 0.25 yuan per share for 2024, totaling approximately 45.755 billion yuan. Against the backdrop of weak global Energy demand and falling oil prices, Petrochina's performance in the 2024 fiscal year is commendable, with net income attributable to the parent company achieving new heights.
In a volatile market, hotspots maintain rapid rotation, and the logic of price increases is receiving more attention from the market.
Yesterday, the market continued to fluctuate and adjust. Although the final drop in the Index was not significant, the ongoing shrinkage in trading volume resulted in a continued decline in short-term sentiment, with over 80 stocks still falling more than 9% yesterday.
The market continues to shrink and adjust, raising concerns about a retreat in the Siasun Robot&Automation Sector. Can the deep-sea Technology Concept hold the flag and launch a counterattack?
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