Sinopec spits out 2% Goldman Sachs is no longer convinced that buying is still a tall 8.25

Source: Internet
Author: User
China's Sinopec shares fell 1.87% to HK $6.31 and traded 126 million shares after the Chinese National Development and Reform Commission finally raised domestic product prices.  Goldman issued a report saying it maintained the stock's buying rating, but was out of the firm's buying list, with a target price of HK $8.25, which was 31% higher than the market price. Goldman Sachs refers to the rise in oil prices and Sinopec's first-quarter results, such as short-term positive factors have been released. But still believe that the new oil price increase in addition to rebuilding the external confidence in the pricing mechanism, will also enhance Sinopec's refining profits and stability.

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