CITIC Securities released a research report stating that for the first time, it covered Sinopec Guande (00934.HK) to give a “buy” rating and predicts that net profit from 2024 to 2026 will reach 1.37 billion, 1.46 billion yuan and 1.46 billion yuan, with lower current valuation levels of HK$6.2. The bank pointed out that the company is a petrochemical warehousing and logistics company under Sinopec (00386.HK), which owns several crude oil terminals and petrochemical storage assets in mainland China. The revenue and profit performance of various operations is relatively stable, and it is expected that future profits will rise steadily as it gradually divests its non-performing assets. Furthermore, Sinopec Guande's cash-sufficient business is also growing steadily, and it is expected that there will be room for improvement in future dividend payments.