Soochow Securities maintains "Buy" rating for Rongsheng Petrochemical.
Jul 17, 2023 (China Knowledge) - Soochow Securities maintains a "Buy" rating for Rongsheng Petrochemical (002493) in a report published over the weekend. The report detailed the petrochemical giant's first half financial results to pivot towards positive trajectory.
The stockbroker cited the margin on oil refining has shown improvement since the beginning of the year, particularly in finished oil products and aromatics, leading to stronger overall turnaround in petrochemicals. Price...
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