Market shows increased interest in China-related stocks

BNP enhanced the target price of PetroChina (0857) by 17.58% from HK$1.82 to HK$2.14, in a hope to satisfy the increased interest in China-related stocks.

BNP added that the earning ratio of PetroChina was 7.6 times, while that of China National Offshore Oil Corporation (0883) and China Petroleum & Chemical Corporation (0386) stood at 9.5 times and 8.6 times respectively.

PetroChina closed the morning session at HK$1.76, down 3.3%.

Related stock : (857;883;386)