The Zhitong Finance App learned that Daimo released a research report saying that the Shanghai Petrochemical (00338) rating was upgraded from “in sync with the market” to “increase holdings”, and that the target price was raised from HK$1.31 to HK$1.6. The bank believes that the market will ignore the fundamentals of the company's weakness in the first quarter of next year and focus on factors such as potential and significant profit margin expansion; at the same time, the mainland will raise fuel export quotas next year, which will be another factor favorable to profit margins.