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Petrochina Company (PTR) [hlAlert]

Rating:
Overweight
PTR
up 19.67 %

Petrochina Company (PTR) upgraded to Overweight by HSBC Securities

Posted on: Tuesday,  Jul 2, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Petrochina Company (NYSE: PTR) on 07/02/2013. Previously HSBC Securities rated Underweight Petrochina Company (NYSE: PTR) on 11/01/2012.,
when the stock price was $135.21. Since then, Petrochina Company has lost 16.44% as of 07/02/2013's recent price of $112.98.
If you would have followed the previous HSBC Securities's recommendation on PTR, you would have gained 19.67% of your investment in 243 days.

PetroChina Company Limited is an oil and gas producer and seller in the People?s Republic of China (PRC). The Company, along with its subsidiaries, is engaged in a range of petroleum related activities, through its four segments: Exploration and Production, Refining and Marketing, Chemicals and Marketing, and Natural Gas and Pipeline. The Exploration and Production segment is engaged in the exploration, development, production and sale of crude oil and natural gas. Refining and Marketing segment is engaged in the refining, transportation, storage and marketing of crude oil and petroleum products. The Chemicals and Marketing segment is engaged in the production and sale of basic and derivative petrochemical products, and other chemical products. Natural Gas and Pipeline segment is engaged in the sale and transmission of natural gas. During the year ended December 31, 2008, it acquired Sun World Limited, a wholly owned subsidiary of China National Petroleum Corporation (CNPC).

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/2/2013 8:25 AM Buy
None
112.98
as of 12/13/2013
1 Week down  -5.92 %
1 Month up  1.29 %
3 Months down  -0.34 %
1 YTD up  20.57 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/1/2012 8:25 AM Sell
None
135.21
3/13/2012 8:25 AM Hold
None
149.82
10/9/2009 8:25 AM Buy
None
120.69
3/26/2009 8:25 AM Hold
None
85.81

(*) Stock Price at the time of the recommendation.
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