Guangfa Securities maintains a "buy" rating on Sinopec's refining and chemical engineering (02386.HK) business with the potential for high-speed growth.

According to the Wise Finance APP, Guotai Junan Securities released a research report stating that the acquisition of assets from the East China Pipeline Design Institute, a subsidiary of Sinopec Refining and Chemical Engineering (02386.HK), will help the company expand its business qualifications in the pipeline storage and transportation field, further enhancing the company's overall competitiveness. The bank maintains its profit forecast for the company, expecting the company's net profit attributable to shareholders to be 2.595 billion yuan, 2.760 billion yuan, and 2.902 billion yuan in 2025-2027, with corresponding EPS of 0.59 yuan, 0.63 yuan, and 0.66 yuan per share. With the resource advantages of being backed by Sinopec Group, the company continues to open up domestic and international markets, and its performance is expected to continue to grow. Under the background of state-owned enterprise reform, the company's undervaluation and high dividend value are highlighted. The bank maintains a "buy" rating for the company.