Morgan Stanley: SINOPEC SEG's order growth is strong, listed as the industry's top choice
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JP Morgan released a research report stating that SINOPEC SEG has been listed as the industry favorite due to strong order growth, with the target price raised from HKD 7.1 to HKD 8.4, and a rating of "Overweight." Meanwhile, CNOOC's target price has been lowered from HKD 11 to HKD 10.4, with an expected profit growth of 20% for the fiscal year 2025. The target price for Sinopec Oilfield Service H shares has been raised from HKD 0.92 to HKD 1, and the target price for CNOOC Engineering has been raised from RMB 6.4 to RMB 7.1
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