JPMorgan's report on PetroChina (00857.HK) management conference call is positive, believing that the company provides a strong outlook for natural gas demand and unit profitability in the fourth quarter of this year and next year, and the company is also committed to improving its dividend policy. The bank stated that the decline in oil prices in the third quarter had a negative impact of 2 billion yuan on PetroChina's operating surplus, but it was offset by savings in tax expenses, reduced exploration costs, and subsidies for unconventional natural gas growth. JPMorgan maintains a 'buy' rating on PetroChina with a target price lowered from HK$10 to HK$9.
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JPMorgan Chase: CNOOC hedef fiyatını 9 Hong Kong dolarına düşürdü, temettü politikasını iyileştirmeye devam ediyor.
JPMorgan's report on PetroChina (00857.HK) management conference call is positive, believing that the company provides a strong outlook for natural gas demand and unit profitability in the fourth quarter of this year and next year, and the company is also committed to improving its dividend policy. The bank stated that the decline in oil prices in the third quarter had a negative impact of 2 billion yuan on PetroChina's operating surplus, but it was offset by savings in tax expenses, reduced exploration costs, and subsidies for unconventional natural gas growth. JPMorgan maintains a 'buy' rating on PetroChina with a target price lowered from HK$10 to HK$9.