Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00857 PETROCHINA
RTNominal up7.360 +0.090 (+1.238%)
Others

24/02/2020 17:37

{I-bank focus}Gas prices cut minor negative for PetroChina

[ET Net News Agency, 24 February 2020] Morgan Stanley said the NDRC's decision to
reduce gas prices to help gas end users/enterprises will bring about some negative impact
on PetroChina's (00857) gas business.
Some investors expect the negative impact could reach Rmb10-20bn, but the research house
expects a hit of just Rmb5bn. Although that would equal 11% of its overall 2020 earnings,
it's just 1% of market cap, and Morgan views the event as highly likely to be one-off.
Thus, Morgan believes it is unlikely to have a long-term negative impact on PetroChina
- the winter gas price premium should come back in 4Q 2020-1Q 2021. (KL)

Back to Others

Remark: Real time quote last updated: 25/04/2024 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.