Petrochina 0857

Re: Petrochina 0857

Postby winston » Thu Feb 14, 2019 11:27 am

not vested

PETROCHINA(857)

Analysis:

It is estimated that the net profit attributable to equity holders for 2018 will increase by an amount between RMB28bn and RMB30bn, representing a yoy increase between 123% and 132%.

The estimated profit growth is primarily due to the combined impact of the hiking prices of crude oil, natural gas and other main products, making provisions for asset impairment in accordance with the new accounting standards and incurring additional losses in the disposal of non-current assets.

Crude oil price is likely to remain stable or even climb given regional political conflicts may result in oil production cut in short term, which is positive for the company business.

Strategy:
Buy-in Price: $5.03, Target Price: $6.00, Cut Loss Price: $4.50

Source: Phillips
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Re: Petrochina 0857

Postby winston » Mon Feb 25, 2019 4:00 pm

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<Research Report>M Stanley: 3 Catalysts for PETROCHINA (00857.HK) This Yr; Rated Overweight with TP $5.89

Morgan Stanley was eyeing on three possible catalysts for PETROCHINA (00857.HK) this year, hence rating the company at Overweight with a $5.89 target.

Firstly, PETROCHINA is expected to make an oil output turnaround after three years of volume decline, with mid-to-high single-digit growth for gas volume this year.

However, competition in refinery and petrochemical may be more intense under excessive capacity expansion of certain non-SOE companies.

More importantly, potential formation of the National Gas Pipeline Company, will be a positive catalyst for PETROCHINA, suggested the broker.

Source: AAStocks Financial News
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Re: Petrochina 0857

Postby winston » Mon May 06, 2019 10:59 am

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May 2, 2019

<Research Report>HSBC Research Cuts PETROCHINA (00857.HK) TP to $7.52; Rated Buy

PETROCHINA (00857.HK) saw improved E&P volume and profitability, narrowed pipeline LNG loss and gas price increment in 1Q19.

HSBC Global Research trimmed PETROCHINA's 2019-21E earnings, while rating the stock at Buy with target down from $7.69 to $7.52.

For oil stocks, the broker recommended CNOOC (00883.HK), PETROCHINA and SINOPEC CORP (00386.HK) in pecking order.

Source: AAStocks Financial News
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Re: Petrochina 0857

Postby winston » Mon May 06, 2019 11:01 am

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Apr 29, 2019

<Blue Chip Results>PETROCHINA 1Q NP Climbs 1% to RMB10.26B

PETROCHINA (00857.HK) announced the results for the first quarter ended 31 March 2019.

Net profit grew 1% yearly to RMB10.255 billion, with EPS of RMB0.056.

Revenue ballooned 8.9% annually to RMB591.041 billion.

Crude oil output of the Group was 223.4 million barrels during the period, representing an annual increase of 4.6%.

Marketable natural gas output amounted to 999.9 billion cubic feet, representing an annual increase of 8.9%.

The oil and gas equivalent output was 390.1 million barrels, representing an annual increase of 6.4%.

Source: AAStocks Financial News
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Re: Petrochina 0857

Postby winston » Mon May 13, 2019 8:42 am

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Brokers' Latest TPs, Views on PETROCHINA (00857.HK) (Table)

2019/03/22

PETROCHINA (00857.HK) announced that the 2018 net profit soared 1.3 times yearly to RMB52.591 billion, consistent with its previous forecast of a 1.23-1.32 times annual growth.

Brokers│Investment Ratings│Target prices (HKD)

UBS│Buy│7.6
Jefferies│Buy│7.25
Nomura│Buy│7
Deutsche Bank│Buy│6.47
JPMorgan│Overweight│6.46
BOC International│Buy│6.63->6.34
Goldman Sachs│Neutral│6
Morgan Stanley│Overweight│5.89
Credit Suisse│Neutral│5.3->5.5
Citigroup│Neutral│5->5.4
Bank of America Merrill Lynch│Neutral│5.39

Source: AAstocks.com
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Petrochina 0857

Postby winston » Wed May 15, 2019 4:04 pm

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<Research Report>G Sachs Upgrades PETROCHINA to Buy on Expected Production Growth Acceleration

Although PETROCHINA (00857.HK) has been underperforming Chinese fellows, recent sell-off suggested its risk-reward improvement, with upstream arm gathering momentum.

The company was upgraded to Buy at a $5.8 target.

PETROCHINA's 2019/20E FCF yield is 1%/1.5%, which will likely be enhanced with new production coming onstream after 2020.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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