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<Research>Citi Lists PETROCHINA (00857.HK) as Sector Top Pick, Optimistic on Free Cash Flow/ Potential Div. Payout Ratio Upside
Recommend 20 Positive 28 Negative 9 |
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PETROCHINA (00857.HK)(601857.SH)'s 3Q25 net profit was RMB42.3 billion, up 14% QoQ and down 4% YoY, Citi Research issued a research report saying. Its 9M25 performance achieved 84% of the broker's full-year forecast. As SINOPEC CORP (00386.HK) might be affected by higher crude oil premiums or official prices and freight, especially as Indian refineries seek alternative crude oil, downstream resilience may further expand. Citi Research still preferred PETROCHINA, and was optimistic about its ability to generate free cash flow and the potential increase in dividend payout ratio, with rating at Buy and a target price of $8.2 for PETROCHINA's H-shares. The broker added its target price for PETROCHINA's A-shares from RMB10.3 to RMB10.5. AASTOCKS Financial News Website: www.aastocks.com |
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