ChinaAMC CSI Hong Kong Connect China Central-SOEs High Dividend Yield ETF(513910.SH)

Is PetroChina (SEHK:857) Pricing In Its 7x Multi‑Year Rally Already?

PetroChina's share price has seen significant gains, with a 68.0% return over the past year. However, a Discounted Cash Flow (DCF) analysis suggests the stock is currently overvalued by 12.2%, estimating an intrinsic value of HK$8.37 per share. In contrast, a Price-to-Earnings (P/E) analysis indicates the stock may be undervalued, trading at a P/E of 9.67x compared to the industry average of 10.34x. Investors are encouraged to consider both valuation approaches and the company's narrative for a comprehensive understanding of its market position.

Russian ESPO Blend oil discounts narrow as Chinese refiners rush to buy

Russian ESPO Blend oil discounts narrow as Chinese refiners rush to buy

The China Development Bank issued multiple bonds, including a 1-year bond of 3 billion yuan (interest rate 1.3904%), a 3-year bond of 3 billion yuan (interest rate 1.5979%), a 5-year bond of 10 billion yuan (interest rate 1.7237%), and a 10-year bond of 16 billion yuan (interest rate 1.9489%). The bid multiples for each bond were 5.67 times, 3.53 times, 2.99 times, and 2.25 times, with marginal multiples of 1.47 times, 3.38 times, 1.02 times, and 2.16 times

CEB Bank's management team undergoes changes again, with the "technology expert" returning to the headquarters

In the current banking industry, where interest margins are narrowing and differentiation competition is sought, subtle changes in the management of a joint-stock commercial bank often reflect a shift in its strategic focus

The Hang Seng Index's gains expanded to over 400 points, reaching a four-and-a-half-year high, led by weighted financials, the three major oil companies, local real estate, and Chinese telecom stocks, while gold mining stocks surged along with gold prices

The Hang Seng Index's gain has expanded to over 400 points, reaching a four-and-a-half-year high, currently reported at 27,562 points, up 435 points or 1.6%. Major financial stocks performed strongly, with HSBC rising 2.5%, BOC HONG KONG up 1.6%, and STANCHART increasing by 2.2%. Chinese telecom stocks and the three major oil companies also rebounded with the market, rising between 3.9% and 4%. Local property stocks continue to be strong, with the private residential price index reaching a one-and-a-half-year high