Data Gold 10, 4 November, Morgan Stanley issued a report, on China Petroleum (00857.HK) management teleconference held a positive view, that the company's strong outlook for natural gas demand and unit profitability for the fourth quarter of this year and next year, while the company is also committed to improving the dividend policy. The bank said that the third quarter's oil price decline had a negative impact of 2 billion yuan on PetroChina's operating profit, but was offset by tax savings, reduced exploration costs, and subsidies for unconventional natural gas. Morgan Stanley maintained a 'hold' rating on PetroChina, with a target price lowered from 10 Hong Kong dollars to 9 Hong Kong dollars.
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JPMorgan: Menurunkan target harga CNOOC hingga 9 Hong Kong dollar, terus berupaya untuk memperbaiki kebijakan dividen
Data Gold 10, 4 November, Morgan Stanley issued a report, on China Petroleum (00857.HK) management teleconference held a positive view, that the company's strong outlook for natural gas demand and unit profitability for the fourth quarter of this year and next year, while the company is also committed to improving the dividend policy. The bank said that the third quarter's oil price decline had a negative impact of 2 billion yuan on PetroChina's operating profit, but was offset by tax savings, reduced exploration costs, and subsidies for unconventional natural gas. Morgan Stanley maintained a 'hold' rating on PetroChina, with a target price lowered from 10 Hong Kong dollars to 9 Hong Kong dollars.