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东海证券: The petrochemical cycle has reached the bottom, and left layout is just right.
Generally, due to the significant impact of the US dollar repatriation cycle on the global economy, the Federal Reserve's initiation of a rate-cutting cycle often signifies the bottom of a petrochemical cycle.
Express News | Jiangsu Eastern Shenghong, Satellite Chemical, and other established petrochemical industry base energy trading service companies.
Express News | The latest research exposure by the fund manager highlights technology stocks as the focus of attention.
Satellite chemical (002648): The fourth phase of ethane ships is starting to be ordered for manufacturing, and substantial growth can be expected.
Event: The company released the third quarter report of 2024, with outstanding performance. In the first three quarters: achieved revenue of 32.275 billion yuan, up by 0.71% year-on-year; net income attributable to the parent company was 3.693 billion yuan, up by 7.64% year-on-year; deducting non-recurring items
Capital Securities Starts Satellite Chemical at Buy With 23 Yuan Price Target
Satellite Chemical (002648): Significant improvement in Q3 performance, new projects steadily advancing.
The company announced the third quarter report for 2024, achieving revenue of 32.275 billion yuan from January to September 2024, a year-on-year increase of 0.71%; net income attributable to equity holders was 3.693 billion yuan, a year-on-year increase of 7.64.
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