Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00338 SHANGHAI PECHEM
RTNominal up1.050 +0.030 (+2.941%)
Others

23/05/2018 10:14

[I-bank focus]HSBC lowers Shanghai Pechem (00338) to "hold"

[ET Net News Agency, 23 May 2018] HSBC Global Research maintained its target price for
Sinopec Shanghai Petrochemical (SPC)(00338) unchanged at HK$5.67, but downgraded its
rating to "hold" from "buy".
The research house expects future supply of ethylene and PX to increase substantially
with US product in 2018-19 followed by several local plants stated to start-up 2019-2020.
New plants will take time to ramp-up, stabilize and optimize, deferring the market impact
of local plants, but pressure is expected, HSBC noted.
Meanwhile, SPC plans to use available cash on hand for refinery upgrades and high-end
chemical products R&D such as carbon fibre and new plastic products. (KL)

Back to Others

Remark: Real time quote last updated: 19/09/2024 13:14
  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.