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Earning Beats Happen All the Time. Why Stocks Love the Latest Results
JPMorgan: Maintains a "Shareholding" rating on China Petroleum and Chemical, Target Price lowered to HKD 4.8.
JPMorgan released a research report stating that recent investors are concerned about the weak performance of China Petroleum & Chemical Corporation (00386) in the fourth quarter of last year, along with slight increases in the official selling price of Crude Oil Product by Arab countries and rising Logistics costs, which may pressure profit margins in the first half of this year and are expected to drag down stock price performance in the short term. JPMorgan maintains a "Shareholding" rating for Sinopec, with the Target Price lowered from 5 HKD to 4.8 HKD. The report mentions that according to media reports, Sinopec is considering investing 3.7 billion USD to build a refinery in Sri Lanka, although this information has not yet been confirmed. JPMorgan indicated that if the project is realized, it might be conducted at the listed company level.
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103353263 : maybe his bearish comment just to force the fed to lower interest rate
10baggerbamm OP 103353263 : he's always bearish that's why I said it came out of a can because he's your typical banker Mr ultra conservative that's just how he's hardwired what's tattooed on his arm never smile always walk with caution that's who he is and everyone comes to expect it when he ever becomes bullish that's when you need to run and go to cash
103353263 10baggerbamm OP : Agree but he save the bank from the dot com bubble,so pessimism sometimes useful too