According to the report released by Morgan Stanley on the Zhitong Finance APP, the target price of China Petroleum & Chemical Corporation (00386) has been raised from HKD 5 to HKD 5.73, while maintaining a “shareholding” rating. The bank stated that due to investors' recent preference for high-yield investment targets, inflow of funds has been observed and therefore they believe that there is still room for valuation reassessment. For example, compared with the 10-year national bond yield of 2.3% in the mainland, the dividend yield of Sinopec's H shares is still 8%.