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<Research>CLSA: Mideast Tensions Escalate; Focus on SINOPEC CORP (00386.HK) Downstream Biz Development
Recommend 4 Positive 6 Negative 7 |
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SINOPEC CORP (00386.HK)'s 2025 net profit was RMB32.5 billion, down 34% YoY, 12%/ 19% below the expectations of CLSA/ the market, respectively, CLSA published a research report saying. For 4Q25 alone, net profit reached RMB400 million, a decline of 89% from that in the same period of FY2024, mainly due to an inventory loss of RMB7.35 billion caused by the drop in oil prices at the end of 2025. CLSA believed that the current focus on SINOPEC CORP is how the escalating Middle East situation will affect its downstream business, and how much national service burden it will have to bear if supply disruptions further worsen in 2Q26. Therefore, the broker kept its target price at $5.2 for SINOPEC CORP's H-shares, with rating at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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