CLSA: Raises PetroChina (00857.HK) H-share target price to HK$12.4, maintains "Outperform" rating

Zhito Finance APP has learned that CLSA issued a research report stating that it has raised the target price for PetroChina's (00857.HK) H-shares from HK$12 to HK$12.4, and the A-share target price from RMB 15.9 to RMB 16, maintaining an "Outperform" rating. The bank believes that PetroChina's H-shares are mispriced; the share price has been roughly flat over the past two months, but during the same period oil prices and the company's A-shares rose by approximately 25% and 19%, respectively, and the A-share premium over H-shares has widened from 27% since September to 57%.