Petrochina 0857

Re: Petrochina 0857

Postby winston » Wed Aug 01, 2018 3:10 pm

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31 Jul, 2018

<Research Report>M Stanley: PETROCHINA (00857.HK) Shr Price to Outperform Next 60 Days

Morgan Stanley published a research report, expecting PETROCHINA (00857.HK)'s share price will outperform in the next 60 days, with 60-70% possibility to happen, on the profit alert suggesting 1H18 profit in a range of RMB26.2-28.2 billion, up 107-122% yearly.

The broker rated Overweight on PETROCHINA at the target price $7.97.

Source: AAStocks Financial News
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Re: Petrochina 0857

Postby winston » Wed Aug 01, 2018 3:14 pm

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31 Jul, 2018

<Research Report>BofAML: PETROCHINA (00857.HK) Reiterated Buy with TP $7.7 on 2Q Profit after Tax Beat

Bank of America Merrill Lynch issued a research report covering PETROCHINA (00857.HK), which expects to record a year-on-year growth in after-tax net profit for the second quarter of this year to RMB16 billion-RMB18 billion, beating the bank's estimates.

The bank believes the positive profit alert is mainly due to strong oil price and stable costs.

PETROCHINA is reiterated Buy with target price set at $7.7 by Bank of America Merrill Lynch.

Source: AAStocks Financial News
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Re: Petrochina 0857

Postby winston » Wed Aug 01, 2018 3:16 pm

<Research Report>UBS: PETROCHINA (00857.HK) Retained Buy with TP $8.1 on Spec Div Chance

PETROCHINA (00857.HK) expected 1H net profit to surge 107%-122% YoY, mirroring UBS' forecast, indicating 2Q EPS growth of 131%-158% YoY and 58%-77% QoQ.

UBS anticipated the oil giant to declare a special dividend on top of the dividend payout of 45% in view of high FCF/ profit ratio and 100% payout in last two years.

The rating was kept Buy with target price of $8.1.

Source: AAStocks Financial News
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Re: Petrochina 0857

Postby winston » Fri Aug 31, 2018 11:23 am

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<Blue Chip Results>PETROCHINA Interim NP Up Over 1x to RMB27.09B, Total DPS 8.88 Fen

PETROCHINA (00857.HK) announced interim results ended June 2018.

The net profit amounted to RMB27.088 billion, up 113.7% yearly.

EPS equaled RMB0.148.

On the basis of 45% payout ratio, interim DPS was RMB0.0666, together with special DPS RMB0.0222.

During the period, the turnover grew 13.6% yearly to RMB1.11 trillion.

Source: AAStocks Financial News
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Re: Petrochina 0857

Postby winston » Fri Aug 31, 2018 11:52 am

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PETROCHINA Expects Domestic Oil Output to Hike 1% Annually; Gas Output May Rise 4-5%

PETROCHINA (00857.HK)'s vice chairman and president Zhang Jianhua said during the press conference for interim results announcement that it's very positive and exciting to the company that the Chinese government has advocated increases in domestic crude oil and natural gas production, furthering the government may unveil a series of policies that help boost production in due course.

The company predicted its domestic oil production can go up by 1% each year in the future while it's possible for natural gas production to advance 4%-5% annually.

Source: AAStocks Financial News
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Re: Petrochina 0857

Postby winston » Fri Aug 31, 2018 12:54 pm

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PetroChina beefs up oil and gas output goals as latest trade war tariffs target US energy shipments

National energy security is high on Beijing’s agenda given China’s foreign oil dependence ratio has risen to 70 per cent this year from 64 per cent two years ago.

And natural gas has climbed to 40 per cent from 29 per cent in 2012.


Source: SCMP

https://www.scmp.com/business/companies ... -trade-war
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Re: Petrochina 0857

Postby winston » Fri Aug 31, 2018 2:55 pm

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<Post-Result>Brokers' Latest Ratings & TPs on PETROCHINA (00857.HK) (Table)

Brokers Ratings Target prices (HK$)
Jefferies Buy 9
UBS Buy 8.1
Morgan Stanley Overweight 7.97
Citigroup Buy 7.9
CICC Buy 7.6
JPMorgan Neutral 6.6
Deutsche Bank Hold 6.43
Credit Suisse Neutral 6.2
Goldman Sachs Neutral 6.1 ->6.05

Source: AAStocks Financial News
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Re: Petrochina 0857

Postby winston » Fri Aug 31, 2018 3:18 pm

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<Research Report>G Sachs: PETROCHINA (00857.HK) Kept Neutral on Below-Peer Div

Goldman Sachs pointed out in its report that PETROCHINA (00857.HK)'s 1H18 NPAT grew 114% yearly to RBM27.1 billion, in line its estimate and profit guidance.

Special dividend was declared to top up the payout ratio to 60%, but still below 70% in expectation.

The broker kept Neutral on PETROCHINA at the target price $6.05.

Source: AAStocks Financial News
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Re: Petrochina 0857

Postby winston » Sat Sep 08, 2018 5:14 am

PetroChina gains on Beijing’s gas production subsidy hope as trade war stokes energy security fears

Beijing is mulling to extend subsidies for shale and coal seam gas production after 2020 and to provide aid to tight gas production

Beijing may extend subsidies on shale and coal seam gas production for five more years, beyond 2020 and provide aid to tight gas production for the first time.


Source: SCMP

https://www.scmp.com/business/companies ... -trade-war
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Re: Petrochina 0857

Postby winston » Wed Oct 03, 2018 1:58 pm

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<Research Report>Citi Raises PETROCHINA (00857.HK) TP to $8.1; Winter Gas Hike Catalyst

Citigroup's research report pointed out that PETROCHINA (00857.HK) is lifting the city gate gas price by 20-40% in the coming winter in light of tight supply and robust heating demands.

While the stock price has underperformed its peers by 20% YTD, the stock price is expected to catch up in the near future upon the winter gas price hike.

The broker rated Buy on PETROCHINA at the target price $8.1, raised from $7.9.

Source: AAStocks Financial News
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