Investors Likely to Favor PetroChina's H Shares Over Sinopec's -- Market Talk

Dow Jones

11/03

0725 GMT - Both PetroChina's and China Petroleum & Chemical Corp.'s H shares are undervalued, but investors are likely to favor the former, says Morningstar's Chokwai Lee in a note. Oil and gas company PetroChina posted resilient nine-month results despite weaker oil prices, with its downstream segment's earnings outperforming Sinopec's, the analyst says. Also, PetroChina's chemical business stayed profitable while Sinopec's was unprofitable, he notes. The divergence in results is likely to continue given PetroChina's higher oil self-sufficiency. PetroChina's H shares are also supported by an attractive 2025 dividend yield of over 5%, he adds. Morningstar raises its fair-value estimate on PetroChina's H shares to HK$9.50 from HK$9.10, and on its A shares to CNY8.70 from CNY8.30. PetroChina's H shares are 3.2% higher at HK$8.28, while its A shares closed 4.5% higher at CNY9.56. (megan.cheah@wsj.com)

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November 03, 2025 02:25 ET (07:25 GMT)

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Oil and gas company PetroChina posted resilient nine-month results despite weaker oil prices, with its downstream segment's earnings outperforming Sinopec's, the analyst says. Also, PetroChina's chemical business stayed profitable while Sinopec's was unprofitable, he notes. The divergence in results is likely to continue given PetroChina's higher oil self-sufficiency. PetroChina's H shares are also supported by an attractive 2025 dividend yield of over 5%, he adds. Morningstar raises its fair-value estimate on PetroChina's H shares to HK$9.50 from HK$9.10, and on its A shares to CNY8.70 from CNY8.30. PetroChina's H shares are 3.2% higher at HK$8.28, while its A shares closed 4.5% higher at CNY9.56. 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Oil and gas company PetroChina posted resilient nine-month results despite weaker oil prices, with its downstream segment's earnings outperforming Sinopec's, the analyst says. Also, PetroChina's chemical business stayed profitable while Sinopec's was unprofitable, he notes. The divergence in results is likely to continue given PetroChina's higher oil self-sufficiency. PetroChina's H shares are also supported by an attractive 2025 dividend yield of over 5%, he adds. Morningstar raises its fair-value estimate on PetroChina's H shares to HK$9.50 from HK$9.10, and on its A shares to CNY8.70 from CNY8.30. PetroChina's H shares are 3.2% higher at HK$8.28, while its A shares closed 4.5% higher at CNY9.56. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 03, 2025 02:25 ET (07:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0708995583.HKD","symbol_name":"TEMPLETON CHINA \"A\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2580504269","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580504269","pubTimestamp":1762154700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0725 GMT - Both PetroChina's and China Petroleum & Chemical Corp.'s H shares are undervalued, but investors are likely to favor the former, says Morningstar's Chokwai Lee in a note. Oil and gas company PetroChina posted resilient nine-month results despite weaker oil prices, with its downstream segment's earnings outperforming Sinopec's, the analyst says. Also, PetroChina's chemical business stayed profitable while Sinopec's was unprofitable, he notes. The divergence in results is likely to continue given PetroChina's higher oil self-sufficiency. PetroChina's H shares are also supported by an attractive 2025 dividend yield of over 5%, he adds. Morningstar raises its fair-value estimate on PetroChina's H shares to HK$9.50 from HK$9.10, and on its A shares to CNY8.70 from CNY8.30. PetroChina's H shares are 3.2% higher at HK$8.28, while its A shares closed 4.5% higher at CNY9.56. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600028":"中国石化","601857":"中国石油","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","00386":"中国石油化工股份","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","BK1562":"石化股","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU2495084118.USD":"ALLIANZ CHINA A-SHARES \"ATH\" (USDHDG) ACC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","ISBC":"投资者银行","00857":"中国石油股份","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","BK0010":"央企","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0823426480.USD":"法巴中国股票经典Dis","IE00B19Z5X02.USD":"Legg Mason QS - MV Asia Pacific ex Japan Equity Growth and Income A Acc USD","LU2293587155.HKD":"ALLIANZ ORIENTAL INCOME \"AT\" (HKD) ACC","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU0173614495.USD":"富达中国焦点A","SG9999014674.SGD":"Nikko AM All China Equity A SGD","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU2289578879.USD":"ALLIANZ CHINA A OPPORTUNITIES \"AT\" (USD) ACC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU1997245177.USD":"安联神洲A股基金","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","LU0405327148.USD":"ALLSPRING CHINA A FOCUS \"A\" (USD) ACC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU1831875114.USD":"SCHRODER ISF ALL CHINA EQUITY \"A\" (USD) ACC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","BK1226":"综合性石油与天然气企业","BK4211":"区域性银行"},"translate_title":"投资者可能更青睐中石油H股而不是中石化——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600028":0.9,"601857":0.9,"00386":0.9,"00857":0.9,"ISBC":1.5},"content_text":"0725 GMT - Both PetroChina's and China Petroleum & Chemical Corp.'s H shares are undervalued, but investors are likely to favor the former, says Morningstar's Chokwai Lee in a note. Oil and gas company PetroChina posted resilient nine-month results despite weaker oil prices, with its downstream segment's earnings outperforming Sinopec's, the analyst says. Also, PetroChina's chemical business stayed profitable while Sinopec's was unprofitable, he notes. The divergence in results is likely to continue given PetroChina's higher oil self-sufficiency. PetroChina's H shares are also supported by an attractive 2025 dividend yield of over 5%, he adds. Morningstar raises its fair-value estimate on PetroChina's H shares to HK$9.50 from HK$9.10, and on its A shares to CNY8.70 from CNY8.30. PetroChina's H shares are 3.2% higher at HK$8.28, while its A shares closed 4.5% higher at CNY9.56. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 03, 2025 02:25 ET (07:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}