Macquarie adjusts target to HKD 4.90 for China Petroleum & Chemical stock
Published on 10/25/2026 at 00:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCatalyst and valuation
- Macquarie set an HKD 4.90 target on October 23, 2026.
- China Petroleum and Chemical will publish its third-quarter report on October 30, 2026.
- The company had a CNY 648.2 billion market capitalization as of October 23, 2026.
China Petroleum & Chemical (CNE1000002Q2) had a new HKD 4.90 price target from Macquarie on October 23, 2026, according to Investing.com. The company also set October 30, 2026, as the date for its third-quarter report and investor briefing, according to Sina Finance.
Target and report date
The Macquarie target gives investors a concrete valuation marker ahead of the company disclosure. The HKD 4.90 target is 9.87 percent above the HKD 4.46 Hong Kong close on October 23, 2026, using the same currency and date.
China Petroleum & Chemical had a CNY 648.2 billion market capitalization as of October 23, 2026. Its Shanghai-listed shares were last at CNY 5.37 on October 23, 2026, at 3:00 p.m. CST, while the 52-week range was CNY 4.43 to CNY 8.11.
Three dated developments
On September 14, 2026, the company bought back shares for CNY 500.02 million, according to MarketScreener. On October 14, 2026, a company secretary change took effect, according to MarketScreener. On October 23, 2026, Sinopec announced the October 30 results briefing, with the event scheduled for 9:00 a.m. to 10:00 a.m., according to Sina Finance.
What comes next for disclosure?
The next two dated milestones are October 29, 2026, for the third-quarter earnings release, and October 30, 2026, for the investor briefing. The timing puts the HKD 4.90 target alongside a new operating update, giving the market two linked reference points for refining, chemicals and energy performance.
Market values show two listings
The Hong Kong listing closed at HKD 4.46 on October 23, 2026, up 0.45 percent for that session. The Shanghai quote was CNY 5.37 at the stated time, while the valuation marker from Macquarie was HKD 4.90.
The further course of trading is shown by the continuously updated real-time quote of China Petroleum & Chemical stock.
China Petroleum & Chemical at a glance
- Company: China Petroleum & Chemical Corporation
- ISIN: CNE1000002Q2
- Ticker: 600028
- Primary exchange: Shanghai Stock Exchange
- Market capitalization: CNY 648.2 billion (as of October 23, 2026)
- 52-week range: CNY 4.43-8.11 (as of October 23, 2026)
- Sector / Industry: Oil and Gas Refining and Marketing
Market context: Market report Shanghai Composite.
