|Bid||3.900 x 0|
|Ask||3.920 x 0|
|Day's range||3.860 - 3.960|
|52-week range||3.620 - 5.470|
|Beta (5Y monthly)||0.80|
|PE ratio (TTM)||6.74|
|Forward dividend & yield||0.31 (7.92%)|
|Ex-dividend date||07 Sept 2023|
|1y target est||5.44|
China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has officially put China's first and also the world's largest LNG storage tank of 270,000 cubic meters into service on November 2 at its Qingdao LNG Receiving Terminal. The tank will add 165 million cubic meters of storage capacity to meet the gas demand of 2.16 million households for five months during the winter heating season, which will enhance and guarantee the natural gas supply in North China.
In a bid to secure energy security amid market volatility and geopolitics, China is leading the world in signing long-term contracts for LNG supply, accounting for one-third of all such contracts this year.