Rakuten Trade Research Reports

Foreign Equities (HK): PETROCHINA CO LTD-H - Indicators.

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Publish date: Thu, 16 Jan 2025, 09:28 AM
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TECHNICAL ANALYSIS

PetroChina is trading above both the 20-day and 50-day EMAs, reflecting bullish short-term momentum. The recent bullish EMA crossover suggests increasing buying interest and marks the beginning of a potential upward trend. Additionally, the widening gap between the EMAs signals strengthening bullish sentiment. Sustained trading above these levels highlights medium-term support for the stock.

Fundamentals

Net profit is expected to grow at a CAGR of 35% for the next 3 years with strong net margins circa 5%

Source: Rakuten Research - 16 Jan 2025

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