JPMorgan downgraded CNOOC's rating to Neutral because its stock price had surpassed the broker's target price. Additionally, the firm adjusted its oil stock preferences and lowered its 2026-27 EPS forecasts for CNOOC by 7-9% due to the weaker US dollar, while maintaining a target price of HKD23 for the stock.

Citi Research

Citi

maintain

$5.2

2026-01-09

Reason

Citi Research

Citi

Price Target

$5.2

2026-01-09

maintain

Reason

The analyst rating for SINOPEC CORP (00386.HK) is set at "Buy" with a target price of $5.2. This positive outlook is based on the anticipated benefits from the restructuring with China National Aviation Fuel (CNAF) Group, which is expected to enhance SINOPEC's development in aviation fuel and sustainable aviation fuel. This move is seen as a way to bolster its refining and sales business while mitigating the impact of the declining demand for gasoline and diesel in China. The report highlights the potential synergies between SINOPEC's aviation fuel business and CNAF Group, indicating a resilient long-term demand growth for aviation fuel.

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00386 Should I Buy

00386 Should I Buy

Should You Buy SINOPEC CORP (00386) Today? Analysis, Price Targets, and 2026 Outlook.

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