[New post] DBS: China Petroleum & Chem (Sinopec) – BUY TP HK$5.30

alanyeo posted: " Generous Dividend Record profit - at a 10-year high - on the back of high oil prices and refining marginsGenerous final divided of Rmb0.31 a big surprise, translates to ~15% yieldCapex to increase by 18% y-o-y to Rmb198bn, largely for Upstream and Che" New post on Alpha Edge Investing DBS: China Petroleum & Chem (Sinopec) – BUY TP HK$5.30 by alanyeo Generous Dividend Record profit - at a 10-year high - on the back of high oil prices and refining margins Generous final divided of Rmb0.31 a big surprise, translates to ~15% yield Capex to increase by 18% y-o-y to Rmb198bn, largely for Upstream and Chemical segments Valuation remains undemanding at 0.5x PB; Reiterate BUY; TP […] Read more of this post alanyeo | March 31, 2022 at 4:48 pm | Tags: Sinopec | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-93e Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2022/03/31/dbs-china-petroleum-chem-sinopec-buy-tp-hk5-30/