|Bid||72.01 x 1100|
|Ask||72.06 x 800|
|Day's Range||71.93 - 72.44|
|52 Week Range||69.02 - 104.88|
|Beta (3Y Monthly)||1.59|
|PE Ratio (TTM)||7.91|
|Forward Dividend & Yield||6.21 (8.09%)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China Petroleum and Chemical Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
People familiar with the matter said Chinese state funds stepped in as they sought to stabilize the equity market, while at least one large bank offered to sell the dollar as the yuan fell, according to traders. China is said to be considering delaying a trip by its top trade negotiators to Washington after Trump threatened the country with steeper tariffs over the pace of trade talks.
Industrial and Commercial Bank of China Ltd., the country’s largest lender, displayed a similar pattern. State funds stepped in after U.S. President Donald Trump threatened China with steeper tariffs, ramping up tensions in a trade conflict that many investors had hoped was nearing an end. Chinese authorities have a long history of intervening to smooth swings in the country’s $7 trillion stock market, though their efforts have had mixed success in recent years.
[Editor's note: This story was previously published in January 2019. It has since been updated and republished.]Even though things have gotten back to normal since the beginning of the year, concerns about volatility still weigh on many people's minds. While there's often more reward when you take risk, there's also nothing wrong with safe, reliable bets to get you through the tough times as well. * 7 Stocks to Buy That Ought to Buy Back Shares Below are 10 A-rated stocks that the smart money is piling into. That means all score A ratings for Momentum in my Portfolio Grader, and there is significant activity in buying by institutional investors.InvestorPlace - Stock Market News, Stock Advice & Trading Tips ServiceNow (NOW)ServiceNow Inc (NYSE:NOW) is the next iteration of CRM-focused systems, but it is all cloud-based. Also, it has a deeper amount of architecture and design ability that many customer resource management systems don't have.It has a solid $34 billion market cap, which means that it has a sizable enterprise-level client base and it is no longer and spry up-and-comer. It is a respectable provider of cloud computing solutions.The stock is up 63% in the past 12 months, and up 52% this year.If the economy stays strong and the various trade wars get worked out, NOW has plenty of potential in and beyond 2019.Source: SarahTz Via Flickr China Petroleum & Chemical Corp ADR (SNP)China Petroleum & Chemical Corp ADR (NYSE:SNP) is better known in the West as Sinopec. It's the largest oil and petrochemical products supplier in the world. It's the second-largest oil and gas producer in China, the largest refining company and the second-largest chemical company in the world. And its total number of gas stations put it at No. 2 in the world.Suffice it to say, it's a major integrated energy company. And the crazy thing is, it only started in 1998. Most massive energy companies hark back to exploration and production in the 1800s. * 7 A-Rated Stocks That Are Under $10 Sinopec has grown massively since its founding and it has now come to experience a downturn in the energy patch for the first time since its ascent. And the volatility is still present.So far this year, SNP is up more than 7% and delivering a solid 8.14% dividend. Source: Shutterstock Veeva Systems (VEEV)Veeva Systems Inc (NYSE:VEEV) has a unique niche that will pay off handsomely over the coming years. Don't get me wrong, it's doing well now -- the stock is up more than 100% in the past 12 months and 62% in 2019 -- but it is becoming the major player in a niche that will only grow.It specializes in creating cloud-based software solutions for the life sciences industry.That may not sound very sexy, but when you consider the graying of the populations in developed nations, the demand for better healthcare in China, India and beyond, you have a lot of potential. And VEEV is the top player.Source: Shutterstock Ecopetrol SA ADR (EC)Ecopetrol SA ADR (NYSE:EC) is the largest energy company in Colombia. While that may not sound incredibly impressive, Colombia has a lot of major exploration and production (E&P) companies there.What's more, given the implosion of major South American producer Venezuela and the political turmoil in Brazil, Colombia is a steady, reliable energy partner.In the past, E&P was tough because there was a low-intensity civil war going on and a significant drug trade that was all happening in the same parts of the country. * 7 Cloud Stocks to Buy Now But now that's past, and the rebels are negotiating with the government. The government is more stable and predictable and energy prices are on the rise. All good news for EC.Up 12.5% since 2019 began, it also offers a respectable 7.8% dividend.Source: Shutterstock Abiomed Inc (ABMD)Abiomed Inc (NASDAQ:ABMD) is a stock that I have been singing the praises of for a while now. It is a specialized company that is the leader in a technology that is going to increase in demand globally for many years to come.What's more, its $15 billion market cap means it can grow organically or, it is the perfect size for a major healthcare firm to snap it up at a significant premium and just plug it into its broader scope of products.Either way, investors will be well rewarded.ABMD make the smallest heart pump in the world. And given the fact that developed nations are seeing baby boomers gray, this type of device is only going to grow in demand. Be warned, it gave back every gain from last year and 10% more, but coming into earnings this stock is ready to pop.Source: IDelearn via YouTube Tableau Software (DATA)Tableau Software Inc (NASDAQ:DATA) as you may have guessed by its ticker symbol specializes in business intelligence and data analytics software. Basically, that means you can take your company's data and create data visualizations and explore data in a number of ways that previously would have taken experts to build and deliver. * 7 Dividend Stocks That Could Double Over the Next Five Years It's a niche company that offers a powerful tool for enterprise and smaller businesses looking to get more from their data and allow their people to understand more about the numbers.Up more than 40% in the past 12 months, it's off to a slow start so far this year, but has big prospects.Source: Web Summit Via Flickr Twilio (TWLO)Twilio Inc (NYSE:TWLO) is a cloud-based communications platform built for developers.One of the new forms of delivering services to consumers is with application program interfaces (APIs). Here's a metaphor to help you understand the power of APIs in our new app-driven world. Say you're a customer in a restaurant.The API is the server and the company you are communicating with is the chef. The server asks for your order. You tell them, and they deliver it to the chef. When your request is ready, it comes to you.This is how all apps work and TWLO is one of the biggest players in this space.Up a whopping 223% in the past 12 months, it has plenty of room to grow. Sarepta Therapeutics (SRPT)Sarepta Therapeutics Inc (NASDAQ:SRPT) is a biopharmaceutical company that specializes in rare neuromuscular diseases (like Duchenne Muscular Dystrophy, or DMD) using gene therapy and other therapeutics.The stock was up more than 60% in the past 12 months and is up 14% already in 2019. Much of that is about its strong earnings and the progress it's making on its new drugs. It's expecting to bring three RNA-based drugs to market in 2020 and capture about 30% of the DMD market. * 7 Tech Stocks With Too Much Risk, Not Enough Upside There's a growing demand for effective drugs that can treat chronic diseases, SRPT is well positioned for growth or a buyout at a significant premium.Source: OFFICIAL LEWEB PHOTOS via Flickr Zendesk (ZEN)Zendesk Inc (NYSE:ZEN) is part of the new boom in omnichannel customer service support. Essentially, that means ZEN provides an online platform to integrate a company's customer service so that it is available for all departments to see and follow up on.Nowadays there are numerous channels for customers and potential customers to use for feedback, follow-ups, queries, etc. ZEN provides companies with an efficient way for a customer's email query to get linked to their interaction with a chatbot and the phone call they made the other week.Customer resource management is a big deal and numerous companies are now carving up that market and disrupting it. ZEN is succeeding in doing just that.Up 81% in the past 12 months, it's off to a strong start in 2019 as well, up 58%.Source: Bixentro via Flickr Match Group (MTCH)Match Group (NASDAQ:MTCH) is the parent company of some of the most well-known sites on the web. It owns dating sites Tinder, Match, PlentyOfFish, Meetic, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24.It also has a division that is focused on education services like test preparation, academic tutoring and college counseling services.Its products are in 42 languages and available in 190 countries. * 5 Dividend Stocks Perfect for Retirees The power of this focused social media business is the fact that it has hundreds of millions of people that use or have used its services and that means it has huge amounts of data to cross-promote its own services as well as rent that data to others.Up 30% in the past 12 months and 45% this year, this social matchmaking company is much closer to its beginnings than its end.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 10 A-Rated Stocks the Smart Money Is Piling Into appeared first on InvestorPlace.
The Beijing-based company said it had net income of $1.81 per share. Earnings, adjusted to account for extraordinary items, came to $1.76 per share. The energy and chemical company posted revenue of $106.34 ...
Key InsightsA drop in oil prices typically drags down the value of the company’s inventories, which was seen in the 37 percent slump in operating profit from its key refining business to 11.96 billion yuan. The company, known officially as China Petroleum & Chemical Corp, turned its exploration and production business around. China’s energy producers are under pressure to raise capital expenditures to boost domestic output.
A supertanker laden with U.S. oil is floating off China’s eastern coast, awaiting discharge at one of the Asian nation’s busiest ports. The vessel will soon be joined by more ships that will make the two-month voyage from America as long-simmering trade tensions between Washington and Beijing begin to ease. While refiners in China shunned U.S. oil imports as the nations imposed tit-for-tat tariffs in an escalating trade war, buying interest has resurfaced on optimism that the world’s top-two economies are nearing a resolution to their dispute.
Six months ago they were scrambling to secure alternative supplies as the U.S. prepared to impose sanctions on Iranian oil exports, though last minute waivers eventually gave them a reprieve. Now, the Donald Trump administration says it won’t renew those same waivers, forcing the buyers to find a replacement for the Persian Gulf barrels. Asia is more dependent on oil imports than any other region and has been repeatedly buffeted by America’s campaign to isolate Iran, once OPEC’s second-largest producer.
Moody's Investors Service has today upgraded Origin Energy Limited's (Origin's) long term issuer and its senior unsecured debt rating to Baa2 from Baa3 and its short term rating to P-2 from P-3. Moody's has also upgraded Origin Energy Finance Limited's senior unsecured rating to Baa2 from Baa3, senior unsecured MTN program rating to (P)Baa2 from (P)Baa3, and preference stock rating to Ba1 from Ba2. "The upgrade reflects our expectation that Origin's credit metrics will be sustained at levels consistent with Baa2 rating parameters, a result of the improved underlying performance and contribution from its APLNG investment as well as the company's deleveraging strategy and prudent balance sheet management" says Nicholas Chapman, a Moody's Vice President and Senior Analyst.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
March 24 (Reuters) - China Petroleum & Chemical Corp : * SAYS 2018 NET PROFIT UP 23.4 PERCENT Y/Y Source text in Chinese: https://bit.ly/2U5dOxj Further company coverage: (Reporting by Hong Kong newsroom)...
Cheniere (LNG) looks well positioned to maintain its revenue growth trajectory over the coming years, on the back of solid operations and long-term contracts.
ExxonMobil (XOM) along with its collaborators will progress with the Alaska LNG project's authorization process from the FERC.
Yum China Holdings on Tuesday said it has partnered with Sinopec Corp and China National Petroleum Corporation (CNPC) to open more than 100 franchise restaurants at the oil giants' gas stations in China. Yum China said the partnership aims to open the franchise stores over the next three years, adding that Sinopec and CNPC collectively operate over 50,000 gas stations in the country.