＜Research＞M Stanley Lifts SINOPEC CORP (00386.HK) TP to $5.73, Rating Overweight

　　Morgan Stanley issued a research report lifting its target price on SINOPEC CORP (00386.HK) +0.039 (+0.766%) Short selling $155.91M; Ratio 21.424% 's H-shares from $5 to $5.73, with rating kept at Overweight.

　　Morgan Stanley said that there is still room for valuation re-rating due to capital inflow from investors' recent shift in preference to high-yield investment targets, believing that SINOPEC CORP's H-share now still has a dividend yield of 8%, compared to China's 10-year government bond yield of 2.3%.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-05 16:25.)

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