PetroChina +1.6%; UOB Raises Target To HK$18.50

PetroChina (0857.HK) +1.6% at HK$15.56, in line with HSI's 1.4% gain. UOB KayHian lifts target price to HK$18.50 from HK$15.50, keeps on Buy call. Notes stock has corrected 25% vs November peak of HK$20 along with H-shares' pullback, expects market sentiment will improve with China's economic policies for 2008 turning clear; expects China to "promote resource price reform more actively in the next twelve months," which will benefit PetroChina's natural gas, refining businesses. PetroChina 4th most heavily traded with HK$1.096 billion; Sinopec (0386.HK) +3.2% at HK$12.38, CNOOC (0883.HK) +0.9% at HK$13.68. Sinopec has been outperforming recently on crude fall, heightening expectations of fuel price hike.  

PetroChina H-shares a 'buy', earnings forecasts raised - CLSA


CLSA recommended a ""buy"" on PetroChina Co Ltd's Hong Kong-listed shares with a target price of 20.0 hkd after lifting earnings forecasts for the mainland oil giant.

CLSA revised upward its 2007, 2008 and 2009 net profit estimates for PetroChina by 7.1 pct, 18.2 pct and 13.5 pct, respectively.

""We are lifting PetroChina's 2007-2009 profit estimates to reflect firm oil and gas prices ahead,"" CLSA said in a research note.

It did not give the actual figures.

It said an oil price forecast upgrade is simply ""irresistible"" in light of OPEC's failure to increase supply meaningfully.

CLSA also noted that its new analysis on PetroChina's proven reserve figures reassures it of extended production growth for the company.

With a 20 pct retreat from its peak recently on fears of oil price decline next year, the stock is likely to be a major target of QDII money, CLSA said, referring to China's qualified domestic institutional investor program.

The QDII program allows qualified mainland institutions to invest overseas.

PetroChina's H-share is currently trading at 13 times its 2008 forecast earnings and offering potential positive earnings surprises, CLSA noted, adding that the stock is ""our 2008 top pick in the energy sector.""

PetroChina shares today closed up 0.24 hkd or 1.78 pct at 13.74 hkd.  

Hallo Leute,

es ist wohl wieder an der Zeit hier etwas zu diskutieren, oder?

 

 

Gewinnanstieg bei PetroChina bis zu 10,6% erwartet


Hongkong 14.03.08 (www.emfis.com)
Am Dienstag kommender Woche, wird der größte chinesische Ölkonzern, die Petrochina Co Ltd, seine Zahlen für das abgelaufene Jahr 2007 präsentieren.
Analysten rechnen mit einem Anstieg des Nettogewinnes zwischen 2,1 bis 10,6 Prozent bzw. 145 bis 157 Mrd. Yuan. In 2006 betrug der Gewinn 142 Mrd. Yuan (20 Mrd. USD).

Die Prognosen der Investmenthäuser im Detail:

Credit Suisse: Gewinn + 6,3 % auf 51 Mrd. Yuan
Merrill Lynch: Gewinn + 2,5 % auf 146 Mrd. Yuan
UBS: Gewinn + 2,1 % auf 145 Mrd. Yuan
Macquarie: Gewinn + 10,6 % auf 157 Mrd. Yuan

Die Aktie von Petrochina beendetet den heutigen Handelstag mit einem Minus von 0,4 Prozent auf 10,08 HKD.


Quelle: EMFIS.COM, Autor: (gh)  

857 PETROCHINA 10.68 0.56 5.53 3,944,924 376,529

- Staat unterstützt mit Subventionen
- hoher Ölpreis
- "man geht von steigenden Kursen, spez im Energiesektor aus"  

 

PetroChina 1Q Net Profit Falls 31% On Year On Refining Losses  PetroChina Co. (PTR), the largest listed Chinese oil firm by capacity, said Monday its first-quarter net profit fell 31% from a year earlier on heavy refining losses.

 

Net profit for the three months ended March 31 totaled CNY28.89 billion, down from CNY42.14 billion in the year-earlier period. The result was slightly below the average CNY29.96 billion forecast of five analysts polled earlier by Dow Jones Newswires. Revenue rose 42% to CNY259.05 billion from CNY182.60 billion.

 

Unlike China Petroleum & Chemical Corp. (SNP), PetroChina has never received a subsidy from Beijing to compensate it for low domestic fuel prices. PetroChina's statement didn't say how much money its refineries lost during the first quarter. It earlier said its refineries have been posting losses since the second half of last year.