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62066 JP#HSI RP27101 (R BEAR)
RT Nominal down0.248 -0.022 (-8.148%)

10/04/2025 14:39

{I-bank focus}Morgan lowers Sinopec Corp (00386) to HKD4.27

[ET Net News Agency, 10 April 2025] Morgan Stanley lowered the target price for Sinopec
Corp (00386) to HKD4.27 from HKD4.95 and maintained the "equal-weight" rating.
The research house said it cuts overall earnings forecasts by 14%/13%/15% for
2025/26/27, due to lower oil prices leading to a 29%/31% cut in the E&P segment's EBIT,
respectively. (rc)

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