Sinopec (SNP) has had a terrific 2018 as the company has benefited from the strong demand for refined profits, but 2019 will be markedly different. That’s because, with the slowdown in China, the demand growth may come under pressure, which could hit the company’s bottom line. However, with an above-average dividend yield of 5.6%, the stock is still worth closely following.
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Earnings update
China Petroleum and Chemical Corp., commonly known as Sinopec, has released the preliminary results for the previous fiscal year, which show that the company likely benefited