JP Morgan: PETROCHINA (00857), CHINAHONGQIAO (01378) and others listed as "winning" Hong Kong stocks during rising oil price period.
CMB recommends to "increase holdings" for CNOOC (00857), China Hongqiao (01378), Aluminum Corporation of China (02600), and Yanzhou Coal Mining (01171).
J.P. Morgan released a research report listing the most resilient "winners" of the current oil price rally, focusing on Hong Kong stocks, all of which were given a "buy" rating. The target price for PETROCHINA (00857) is 13 Hong Kong dollars, for CHINAHONGQIAO (01378) it is 40 Hong Kong dollars, for Aluminum Corporation Of China (02600) it is 16 Hong Kong dollars, and for Yankuang Energy Group (01171) it is 12 Hong Kong dollars.
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