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</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. 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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\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"}}}