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<Research>UBS Raises PETROCHINA's TP to HKD14.2; Last Yr's Earnings Decline Slightly Less Than Oil Price Drop
Recommend 7 Positive 9 Negative 4 |
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PETROCHINA (00857.HK) recorded a net profit of RMB157.3 billion last year, down 4.5% YoY, according to a report from UBS. The earnings decline was slightly less than the drop in oil prices, meeting the broker's expectations. UBS also attributed the QoQ decline of 27% in PETROCHINA's 4Q25 net profit to RMB31 billion to the QoQ drop in oil prices and significant asset impairment losses during the period. The broker has raised its target price for PETROCHINA from HKD12.6 to HKD14.2 and kept the Buy rating unchanged. AAStocks Financial News |
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