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The Zhitong Finance App learned that Bank of America Securities released a research report saying that the third-quarter results of China Petroleum & Chemical (00386, 600028.SH) beat expectations, and the refining business rebounded strongly; the bank raised the target price of H shares from HK$5.5 to HK$6, and raised the target price of A shares from RMB 6.4 to RMB 7 at an average A-H premium of 30%, confirming the “buy” rating.

Zhitongcaijing·10/30/2026 07:01:08
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The Zhitong Finance App learned that Bank of America Securities released a research report saying that the third-quarter results of China Petroleum & Chemical (00386, 600028.SH) beat expectations, and the refining business rebounded strongly; the bank raised the target price of H shares from HK$5.5 to HK$6, and raised the target price of A shares from RMB 6.4 to RMB 7 at an average A-H premium of 30%, confirming the “buy” rating.