Sinopec's Profit Guidance Points to Smaller Trading Loss Than Expected; Our FVE Unchanged
Sinopec's 2018 profit guidance and update on subsidiary Unipec, points to a trading loss of CNY 4.65 billion that will be booked into 2018 results, which is smaller than what we and the market expected. The profit guidance itself, under China GAAP, points to an operating performance that should be around 6% above our estimate. At this stage it's difficult to ascertain the drivers of the deviation, and we maintain our forecasts and fair value estimate of HKD 6.50 per share (USD 84 per ADR).ÂAs m...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.