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China Petroleum & Chemical Corporation (HKG:386): Is It A Smart Long Term Opportunity?

June 10, 2019 / Yahoo

In March 2019, China Petroleum & Chemical Corporation (HKG:386) released its earnings update. Generally, analysts seem fairly confident, as a 13% increase in profits is expected in the upcoming year, compared with the past 5-year average growth rate of 5.2%. By 2020, we can expect China Petroleum & Chemical’s bottom line to reach CN¥70b, a jump from the current trailing-twelve-month of CN¥62b. In this article, I've outline a few earnings growth rates to give you a sense of the market sentiment for China Petroleum & Chemical in the longer term. For those keen to understand more about other aspects of the company, you can research its fundamentals here. The longer term expectations from the 17 analysts of 386 is tilted towards the positive sentiment. Generally, broker analysts tend to make predictions for up to three years given the lack of visibility beyond this point. To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a l...