Daiwa: Expects the stock price of China Petroleum & Chemical Corporation (00386.HK) to rise in the next 15 days, with a target price of HK$4.27.

According to the Securities Times app, Morgan Stanley released a research report stating that there is a 70% to 80% probability that the share price of China Petroleum & Chemical Corporation (00386.HK) will rise in the next 15 days. The bank pointed out that oil prices have been weak recently, and the stock price may rebound after selling off, due to concerns about the disruption of energy supply in the Middle East war. The target price for Sinopec given by Morgan Stanley is HK$4.27, with a rating of "synchronized with the market".