Lates News

Each economic AI Flash, Tianfeng Securities issued a research report on May 2, giving a buy rating to China National Petroleum Corporation (601857.SH). The reasons for the rating mainly include: 1) The performance in Q1 2025 slightly exceeded our expectations and the market's expectations; 2) The effect of cost reduction is obvious, resisting the negative impact of the decline in oil and gas prices, and upstream profits still achieved growth; 3) Both the refining and sales sectors face pressure as demand for refined oil products has peaked, and the chemical industry continues to be sluggish; 4) The profit growth of the natural gas sales sector relies on volume growth and cost reduction contributions. (Daily Economic News)