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China Petroleum & Chemical Corporation (0386.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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4.680-0.040 (-0.85%)
As of 09:38AM HKT. Market open.
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Previous Close4.720
Open4.700
Bid4.670 x 0
Ask4.680 x 0
Day's Range4.670 - 4.730
52 Week Range3.640 - 5.470
Volume5,046,600
Avg. Volume106,047,100
Market Cap776.084B
Beta (5Y Monthly)0.71
PE Ratio (TTM)8.36
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.43 (9.19%)
Ex-Dividend DateJul 08, 2024
1y Target EstN/A
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  • Reuters

    Sinopec sets up new entity to expand refinery investment abroad

    China's Sinopec Corp is setting up a new entity to invest in refinery and petrochemical assets overseas in a bid to leverage its expertise and deep pockets to expand globally as local Chinese oil demand nears a plateau. After a quiet launch in late June of Sinopec Overseas Investment Holding as its sole platform for investing, building and operating refineries abroad, Sinopec is building up the team and setting the budget for the new entity, two company officials told Reuters. Sinopec will "expand overseas refining and chemical business by taking full advantage of the group's core strength", Zhao Dong, president of parent company China Petrochemical Corp, was quotes as saying in late June when Sinopec announced the new entity in an in-house newsletter.