CNOOC's oil chemistry falls 4% Big fortune refers to cheap call buy
Source: Internet
Author: User
The Chinese petrochemical industry has fallen sharply this morning, with shares falling 4.36% to HK $4.39 and trading 3.71 million shares. The report said the stock was given a new target price of HK $5.42, the same as the 09 expected P/E ratio of 12.1 times times or two-year expected market share growth of 1.3 times times, than the market premium of 23%. In the case of CNOOC's leading market position in the chemical fertilizer industry and the firm growth prospects of the company, the stock is cheaper to value. I believe that with RMB 4.2 billion cash, CNOOC will further enhance its competitiveness and grasp new business opportunities to meet market demand. As a result, its 09 earnings forecast was modestly increased by 10% to 1.813 billion yuan, and it is expected that the company's 08-10-year earnings per share compound growth rate of 9%
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