Sinopec Guande (00934) rose more than 4% in early trading to a high of HK$3.72, a record high since 2018. As of press release, it rose 3.65% to HK$3.69, with a turnover of HK$16.759 million.
The Zhitong Finance App learned that Sinopec Guande (00934) rose more than 4% in early trading, to a high of HK$3.72, a record high since 2018. As of press release, it rose 3.65% to HK$3.69, with a turnover of HK$16.759 million.
CITIC Securities previously stated that Sinopec Guande is a subsidiary that operates crude oil handling, storage and transportation facilities within the Sinopec system; it has a stable business model and strong profitability. The company's average dividend rate in 2020-2022 is 6.9%. Considering that the company's profit is relatively stable, the company's dividend rate is expected to remain stable, so it is recommended to pay attention.
Furthermore, according to reports from brokerage China, market rumors suggest that assessment measures relating to state-owned enterprises may be released in the near future, but so far this news has not been confirmed by authoritative sources. GF Securities pointed out that the comprehensive market value management assessment of central enterprises is a combination of asset reform and investment guidance. The essence is to improve the modern corporate governance of central state-owned enterprises → guide investors' value recognition → help central state-owned enterprises to revalue them. It is recommended to focus on state-owned enterprises with undervalued, stable dividend ratios, stable cash flow, and low leverage.