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Express News | JPMorgan Says We Welcome the Opportunity to Work With the New Administration and Congress to Remove Regulatory Ambiguity: Statement
Express News | JPMorgan Says There Are Problems With Current Framework Which Washington Must Address: Statement
Express News | JPMorgan Says the Bank Has Not Closed Any Accounts for Political Reasons: Statement
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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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