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Review of China Petroleum (0386.HK)
22 Nov 2021 (220 views)  

I have $260,000 SGD invested in China Petroleum (also called Sinopec). The current price showed a drop of 8% on my cost. So, the unrealized loss is $20,000.

I keep the stock because it has a dividend yield of 9.37% and the PE ratio s 5.34% (i.e. earnings yield of 18.7%).

I expect the stock price to recover when the next financial results are announced in April 2022.

Note - this is my personal view. It is not investment advice.

Tan Kin Lian


Review of China Petroleum (0386.HK)
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I have $260,000 SGD invested in China Petroleum (also called Sinopec). The current price showed a drop of 8% on my cost. So, the unrealized loss is $20,000.

I keep the stock because it has a dividend yield of 9.37% and the PE ratio s 5.34% (i.e. earnings yield of 18.7%).

I expect the stock price to recover when the next financial results are announced in April 2022.

Note - this is my personal view. It is not investment advice.

Tan Kin Lian