China oil stocks for the finest international row recommend

Recently, three well-known international investment banks: Lehman Brothers, Salomon Smith Barney and UBS Warburg both on China's oil stocks raise recommended that the international investment on China's oil market is very optimistic about the performance. Lehman Brothers, the British company as China's oil receipts will be one of the best, raised its profit forecast 13 percent. Salomon Smith Barney believes that a report published by the China Petroleum and its shares are the basic factors of stability and investor confidence in the support of its management. This will be known as the China Petroleum preferred China oil companies, the rating to "outperform" target price 22 dollars, 28 per cent of room for growth. What is more, China's oil companies to the stock performance of all the weak are considered overweight opportunities shows his very optimistic about the recent oil Performance and good prospects for the stock. The company projected that the share of China's oil earnings ratio of 5.1 times, 5.9 times the price target. Another investment bank UBS Warburg also increase China's oil investment rating, as buying, transfer target price to 1.65 Hong Kong dollars. The company's oil to China in 2002, also raised its profit forecast by 50%. China's oil since last April has been restructuring and listing its stock performance has been steadily on the momentum. This is, of course with the international oil market prices linked to a certain extent, but the main reason for the steady development of the company strategies, including a series of higher returns for the investors a major move, and achieved notable success. As China's state-owned enterprises and the flagship of one of the largest oil companies, China National Petroleum has experienced an extraordinary process of restructuring into the overseas capital market and the success of efforts. In the volatile, and the sudden wave of clandestine cloud in the stock market, China's oil broke through many dangers, investors overcome indifference to the traditional industries and the failure of other examples of the negative effects of in-depth study of the markets and investors. expectations, take a positive attitude and the practice of seeking truth from facts, rationally define the stock issue price, has finally achieved a world attention performance. Since listing in the course of the year so far, its shares on the Stock Exchange of Hong Kong only a dozen trading days following the IPO price, the price is higher than the rest. China's oil stock management and the performance of a responsible attitude to investors, and a series of reform measures are closely linked. At the beginning of the company restructuring, the company's management said in a firm for the position of a return to investors. Since then, China's oil continued to adhere to the reorganization, the implementation of low-cost strategies. At the same time, China also announced a number of oil development projects, the most important thing is that the project has been signed with 33 companies and the purchase and sale of natural gas pipeline letter of intent, but also an investment tender for the work, there are currently 19 transnational tender for the company.