- Sinopec announced a positive 1H 2021 profit guidance at the start of July, but the company's share price performance has been poor in the past two weeks following the announcement.
- The company's downstream segments could potentially face headwinds if the oil price continues to rise, which suggests that its peers with greater upstream exposure might be more attractive investment candidates.
- Sinopec is valued by the market at 6.1 times consensus forward FY 2022 normalized P/E, and it offers a consensus forward dividend yield of 10.0% for FY 2022.
For further details see:
Sinopec: Positive On H1 Profit Guidance But Wary Of Potential Headwinds