PetroChina - new call warrant to trade shares amid stock upgrades
📊 $PETROCHINA(00857)$ shares have experienced significant volatility over the past three months, climbing from HKD 9 in early February to a peak of HKD 11.14 on 30 March on the back of a jump in oil prices
🆙This month, various research houses upgraded their target prices on PetroChina shares to targets of HKD 10.30 and HKD 11.70. Bloomberg analysts have a 4.6/5.0 buy rating on the share with a 12-month target price of HKD 11.57
📢Yesterday, PetroChina made a voluntary announcement regarding the results of an increase in shareholding by its controlling shareholder
🛑PetroChina shares are down 2.7% this morning to HKD10.48 after the US and Iran agreed to a two-week ceasefire and a resumption of oil flows through the Strait of Hormuz - sending crude oil prices to tumble the most in 6 years to below USD100
☢The stock however, remains a potential beneficiary should oil prices see a rebound or if the US-Israel-Iran war were to resume
🆕Macquarie has listed a new call warrant $PetroCH MBeCW261005(JJGW.SI)$ (https://warrants.com.sg/tools/livematrix/JJGW) tracking PetroChina shares today
✳The call warrant which costs SGD 0.017 with PetroChina shares trading at HKD10.50, will move approximately 5.6 times more than PetroChina shares based on its effective gearing level as of 922AM
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- MatthewWalter·04-08 19:34Great timing on the new warrant! PetroChina rebound looks solid. [看涨]LikeReport
