UBS: Raises PetroChina (00857.HK) target price to HK$13.3; first three quarters' net profit hits a new high for the same period.

Zhitong Finance APP has learned that UBS released a research report stating that PetroChina (00857, 601857.SH) reported revenue and net profit growth of 7% and 22% year-on-year respectively for the first nine months, with net profit hitting a historical high for the same period; the bank maintains its "Buy" rating and raised its target price from HK$12.8 to HK$13.3.