|Day's Range||51.29 - 51.59|
|52 Week Range||42.64 - 64.80|
|PE Ratio (TTM)||5.59|
|Dividend & Yield||3.63 (7.01%)|
|1y Target Est||71.40|
Sinopec recently became the first Chinese company to invest significantly in Africa’s downstream oil industry, a move that may be driven by cynical motives
The outlook for refiners in Asia and the United States is diverging, with the former positioned to benefit from falling costs and rising diesel demand, Morgan Stanley says. In a fresh note, Morgan Stanley's Andy Meng, Kyle Kim and Adam Martin write that they prefer Indian Oil (30965.India), Sinopec Shanghai Petrochemical (600688.China and SHI), SK Innovation (096770.SouthKorea) and Thai Oil (TOP.Thailand) in Asia.
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Sinopec Shanghai Petrochemical Co. Ltd. with the following peers – China Petroleum & Chemical Corporation Sponsored ADR Class H, Braskem S.A. Sponsored ADR Pfd Class A, BP p.l.c. Sponsored ADR, CNOOC Limited Sponsored ADR, PetroChina Company Limited Sponsored ADR, Shanghai Chlor-Alkali Chemical Co., Ltd. Sponsored ... Read more (Read more...)