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<Research>UBS Lifts PETROCHINA's TP to HKD10.3; 3Q Results Beat
Recommend 14 Positive 18 Negative 7 |
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According to a report from UBS, PETROCHINA (00857.HK)'s 9M25 net profit dropped by 5% YoY to RMB126.3 billion, while its 3Q25 net profit slipped by 4% YoY but grew by 14% QoQ to RMB42.3 billion, outperforming the bank's forecast. UBS raised its target price for PETROCHINA from HKD9.3 to HKD10.3. Given the better-than-expected 3Q25 results, the broker slightly increased its 2025 earnings forecast for PETROCHINA by 2%. PETROCHINA was rated as Buy. AAStocks Financial News |
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