We Raise Sinopec’s FVE and Earnings Estimates on Lowered Capital Expenditure
Sinopec’s third-quarter performance and cumulative nine-month profit are slightly ahead of our expectations, mainly owing to continued strength in its refining and chemical segment activities. Operating margin is easing down from its interim pace, and we are seeing signs of normalization in its downstream margins relative to the strong first-half performance. We expect margins to continue easing, as we think rising oil prices will help reduce upstream losses, but this will be partly offset by lo...
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.