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China Petroleum & Chemical Corporation

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We like China Petroleum and Chemical Corporation – also known as Sinopec – for its natural gas business that has immense potential for growth over the coming years. China's impressive economic growth over the past decade presents attractive opportunities for industry players like SNP that can meet the country’s fast-growing energy needs. In particular, Sinopec’s leverage to the lucrative Chinese market is expected to help sustain its impressive momentum, while jump in China’s middle class and in automobile ownership is expected to fuel consumption of refined petroleum products. Consequently, we think SNP offers substantial upside potential from the current price levels and view it as an attractive investment.

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