In a report released today, Pei Hwa Ho from DBS reiterated a Buy rating on PetroChina Company (PCCYF – Research Report), with a price target of HK$7.30. The company’s shares closed yesterday at $0.77.
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Hwa Ho covers the Industrials sector, focusing on stocks such as Yangzijiang Shipbuilding (Holdings), Sembcorp Industries, and Seatrium Limited. According to TipRanks, Hwa Ho has an average return of 6.4% and a 48.35% success rate on recommended stocks.
In addition to DBS, PetroChina Company also received a Buy from Goldman Sachs’s Nikhil Bhandari in a report issued on April 16. However, on April 25, Bernstein maintained a Hold rating on PetroChina Company (Other OTC: PCCYF).
Based on PetroChina Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $753.11 billion and a net profit of $46.81 billion. In comparison, last year the company earned a revenue of $812.18 billion and had a net profit of $45.68 billion
Read More on PCCYF:
- PetroChina Reports Mixed Q1 2025 Financial Results
- PetroChina Proposes Appointment of New Independent Director
- PetroChina Reports Resilient Q1 2025 Financial Performance Amid Revenue Decline
- PCCYF Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- PetroChina Announces 2024 Annual General Meeting and Strategic Financial Plans