BEIJING (AFX-ASIA) – ING said it has raised its earnings estimate and target price for Sinopec Shanghai Petrochemical Co Ltd (SHA 600688; HK 0338; NYSE SHI) after third quarter results came in above expectations. The investment bank raised its target price for Sinopec Shanghai by 15% to HK$2.75 a share from HK$2.40, and increased EPS…
CHINA: Sinopec Shanghai target price raised 15% to HK$2.75 Ð ING
Posted on November 3, 2003 by EnergyAsia