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Last $0.87 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 05/18/15 All times are local (Market data is delayed by at least 15 minutes).

china petroleum & chemical-h (SNPMF) Key Developments

China To Sell Sinopec, PetroChina Pipelines

The Chinese government is looking to sell China Petroleum & Chemical Corp. (SEHK:386) (Sinopec) and PetroChina Co. Ltd. (SEHK:857), according to people with knowledge of the plans. "China should push to strip out pipeline assets from oil companies and allow those facilities to run independently from explorers,” said Lin Boqiang, Director at the Energy Economics Research Center at Xiamen University.

China Petroleum & Chemical Corp., Board Meeting, May 06, 2015

China Petroleum & Chemical Corp., Board Meeting, May 06, 2015. Agenda: To discuss and approve the proposal of cancelling proposals to be discussed at the annual general meeting of 2014; to discuss and approve the issue of postponing convening of annual general meeting; to discuss and approve the issue of authorizing secretary to directorate to amend; and to discuss and approve the issue the notice of annual general meeting.

Fu Chengyu Denies Merger Plan With CNPC

Fu Chengyu, former Chairman of China Petroleum & Chemical Corp. (SEHK:386) has denied merger plan with China National Petroleum Corporation.

Sinopec's Plan To IPO Gets Delayed

Plans for a multibillion-dollar IPO of a vast network of gas stations owned by China Petroleum & Chemical Corp. (SEHK:386) is not likely to take place until 2016 at the earliest because of the retirement of Chairman Fu Chengyu.

Sinopec Group Announces Management Changes

Sinopec Group announced that Wang Yupu, former deputy director of the China Academy of Engineering, has been appointed as its new chairman to replace Fu Chengyu, who has retired.

 

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Valuation SNPMF Industry Range
Price/Earnings 26.1x
Price/Sales 0.3x
Price/Book 1.4x
Price/Cash Flow 5.6x
TEV/Sales 0.1x
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