Everbright Securities Maintains Buy Rating on PetroChina as Q1 Results Hit Record High

Deep News05-04 08:20

Everbright Securities Company Limited has issued a research report stating that Petrochina Company Limited's (00857) advantages across its entire industrial chain were prominent in the first quarter of 2026, with performance reaching a new record high, aligning with expectations. The firm maintains its profit forecasts for the company, projecting net profits attributable to shareholders of 190.2 billion, 195.9 billion, and 201.8 billion yuan for 2026-2028, respectively. This corresponds to earnings per share of 1.04 yuan, 1.07 yuan, and 1.10 yuan. Everbright Securities expressed optimism regarding the company's potential for "increasing reserves and boosting production" and the long-term growth prospects of its natural gas business. Consequently, it reaffirms its "Buy" rating for both the company's A-shares (601857.SH) and H-shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment