SEHK:386Oil and Gas
Assessing Sinopec (SEHK:386)’s Valuation as Gas Demand Recovers and CCUS Expansion Shapes Its Transition Story
China Petroleum & Chemical (SEHK:386) is back in focus as China’s natural gas demand is projected to grow 5% next year, while Sinopec scales up carbon capture projects and explores new CCUS partnerships.
See our latest analysis for China Petroleum & Chemical.
Those CCUS moves and the improving gas demand backdrop seem to be nudging sentiment in Sinopec’s favor, with the share price at HK$4.42 and a 90 day share price return of 4.74%. The five year total shareholder return of 102.74% suggests...