0386.HK China Petroleum HKSE pre-market 29 Jan 2026: Volume 461.80M, key catalysts
We see 0386.HK stock trading at HKD 5.45 in Hong Kong pre-market, up 3.61% on heavy turnover. The listing on HKSE is one of today’s most active names with volume 461803715.00 shares versus an average 168021426.00. We highlight price, drivers, and a short-term forecast from Meyka AI to help frame trading and investment decisions ahead of the March earnings date.
Price and volume: 0386.HK stock pre-market action
China Petroleum & Chemical Corporation (0386.HK) opened HKD 5.26 and trades at HKD 5.45 pre-market. The one-day change is +3.61% with a day range HKD 5.24–5.50 and year range HKD 3.69–5.50. Volume of 461803715.00 shares is 2.72x the average, marking the stock as a most active name on the HKSE in Hong Kong.
Catalysts and news: 0386.HK stock drivers
Sector momentum and macro headlines are driving flows into the energy complex today. Asian equities broadly rallied on tech-led strength and calmer risk sentiment, which can lift cyclical demand for energy names. Sinopec’s next earnings announcement is scheduled for 2026-03-23, a key near-term catalyst for guidance and refining margins. For market context on broader Hong Kong moves see the Hang Seng update source.
Financials and valuation: 0386.HK stock metrics
Core metrics show EPS 0.33 and trailing PE 16.52. Price-to-book is 0.71 and dividend yield TTM is 4.57% with payout ratio 0.77. Market cap is about HKD 902.90B. Revenue per share TTM is 23.18 and free cash flow per share TTM is 0.15, indicating solid cash generation but higher capital needs across refining and chemicals.
Technical view: 0386.HK stock short-term signals
Short-term technicals show RSI 60.03, MACD histogram 0.01, and ADX 30.47 indicating a strong short-term trend. Price sits above the 50-day average HKD 4.62 and 200-day average HKD 4.31, supporting momentum. Watch intraday range HKD 5.24–5.50 and the YTD strength of +15.96% for breakout confirmation.
Meyka AI grade and forecast: 0386.HK stock rating
Meyka AI rates 0386.HK with a score out of 100: 66.23 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a 12-month level near HKD 4.07, below the current price. Forecasts are model-based projections and not guarantees.
Risks and opportunities: 0386.HK stock outlook
Key upside drivers are stronger refining margins, higher oil prices, or a positive earnings surprise in March. Downside risks include weaker demand, margin compression in chemicals, and higher leverage—net debt to EBITDA sits near 3.03. The dividend yield at 4.57% supports income-focused investors, while cyclical volatility favours active position sizing.
Final Thoughts
0386.HK stock is a most active pre-market play on 29 Jan 2026 with price at HKD 5.45 and heavy volume 461803715.00 signaling elevated trader interest. Valuation metrics are mixed: a PE of 16.52 and PB 0.71 position the company as reasonably priced in the energy sector, while dividend yield 4.57% supports total return. Meyka AI’s forecast model projects HKD 4.07 over 12 months, implying an estimated downside of -25.32% versus the current price. Shorter-term momentum leaves room for near-term upside toward the year high HKD 5.50, but earnings on 2026-03-23 remain the primary catalyst. We view the stock as a tradeable large-cap with yield support and cyclical risk. Use tight risk controls and track refining margins, oil prices, and the upcoming earnings release. Meyka AI, an AI-powered market analysis platform, will monitor updates and signals for changes in the outlook.
FAQs
What is the current price and volume for 0386.HK stock pre-market?
0386.HK stock trades at HKD 5.45 pre-market on 29 Jan 2026 with volume of 461803715.00 shares. That volume equals about 2.72 times the average and signals heavy activity on HKSE in Hong Kong.
How does Meyka AI rate 0386.HK stock and why?
Meyka AI rates 0386.HK with a score of 66.23 (Grade B) and suggests HOLD. The grade uses benchmark, sector, growth, key metrics, forecasts, and analyst signals. This is informational, not investment advice.
What is the Meyka AI forecast and implied return for 0386.HK stock?
Meyka AI’s forecast model projects a 12-month level of HKD 4.07 versus the current HKD 5.45. That implies an estimated downside of -25.32%. Forecasts are model-based projections and not guarantees.
What are the main risks for 0386.HK stock investors?
Major risks include weaker refining and chemical margins, lower oil demand, and leverage with net debt/EBITDA near 3.03. Macro shocks and regulatory changes in China can also affect 0386.HK stock performance.
When is the next 0386.HK earnings date to watch?
The next earnings announcement for 0386.HK is scheduled on 2026-03-23. Results and management commentary on margins and downstream demand will be key catalysts for near-term trading.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
