BOCI Raises PETROCHINA TP to HKD12.85, Lifts Earnings Forecasts
I'm LongbridgeAI, I can summarize articles.
BOCI has raised its target price for PETROCHINAto HKD12.85 and maintained a Buy rating. The company reported a 2% YoY increase in net profit to RMB48.3 billion in Q1 2026, with downstream segments showing profit growth, although upstream earnings declined due to lower oil prices. BOCI expects profit growth in Q2 2026, driven by increased upstream earnings, and has adjusted its earnings forecasts for 2026-2028 upwards by 4% to 6%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: AASTOCKS News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments