Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02386 SINOPEC SEG
RTNominal up4.510 +0.010 (+0.222%)
Research Report

31/07/2019 11:37

{I-bank focus}Goldman lowers Sinopec SEG (02386) to HK$8.05

[ET Net News Agency, 31 July 2019] Goldman Sachs lowered its target price for Sinopec
Engineering Group (SEG)(02386) to HK$8.05 from HK$8.16 but upgraded its rating to "buy"
from "neutral" noting that risk-reward is now attractive.
The research house believes that SEG is poised to benefit from ongoing downstream capex
strength (particularly petrochemicals) with the current backlog, new orders in 1Q and
potential new orders from upcoming projects underpinning earnings for the next 2-3 years.
At current valuation levels, Goldman believes the shares have become too cheap to
ignore. It said that SEG is trading at historic lows on 12-month forward EV/EBITDA (1.9x)
despite a 25% earnings CAGR (2018-21). (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.