Goldman Sachs: CPCC unlikely to realize 10% growth in net profit this year

Goldman Sachs pointed out in the report released this morning that the operating status of petroleum sector has been deteriorating, especially in the recent several weeks chemic industry suffered declining earnings rate, which would affect the performance of China Petroleum & Chemical Corporation (0386). Plus, the worsening crude oil price made the company even harder to achieve the growth target of 10% in net profit this year. However, the fund house

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