HSBC: Raise target price of China Petroleum & Chemical Corporation (00386.HK) to HK$4, rating "Neutral"

According to CNBC Finance APP, Morgan Stanley released a research report stating that due to the expected continuous decline in net profit of China Petroleum & Chemical Corporation (00386.HK) for the fiscal year 2025, it maintains a "neutral" rating on Sinopec, with a target price raised from 3.6 Hong Kong dollars to 4 Hong Kong dollars, and reiterated that China Petroleum Corporation (00857.HK) is the preferred oil stock.