"This year on December 1 or January 1 next year is a very good window of time" and this week three, director of the Institute of Energy Development and Reform Commission on the Arts Korea's imminent launch of fuel tax reform and the voice faded, the China Petrochemical [8.42 0.00%] limit, the China National Petroleum [11.54 -0.52%] was up 7.49 percent, the two heavyweights, led by increases deep down just after the stock market Wednesday in Changyang up. Then the fuel tax reform would have these two Big Mac's stock price to support the formation of it?
Fuel oil tax reform ≠ linkage
Sinopec Securities head of the Department of the media in an interview that "In the current circumstances, we certainly have the oil profits tax on oil sales if the links in the introduction, it should not impact the company's earnings." , "Are expected to speculation, gambling policy. Not to judge the real impact, even if there are good there will not be affected, there is currently only trading of opportunity." Great Wall Securities analyst Wang Gang industry point of view clear. To accept the "Red Week" interview, he stressed that "the market is up more oil joint mechanism with which the fuel tax reform can be said to be two different things." In fact, in the near future, said Han Wenke, "rationalize the prices of energy needed to wait for the opportune time", which is perhaps the best view of Wang Gang comment.
Of course, the market to link the two issues are not entirely unjustified. In short, these two are related to oil prices, are improving the domestic refined oil pricing mechanism. China's refined oil price has been out of line with the price of crude oil in order to smooth out the complete distortion of the relationship between a reasonable guide energy consumption, these two reforms must be completed, which is the trend of the times, but what the time change, whether or not to join, but Not necessarily.
The recent decline in international crude oil prices, agreed that public opinion is a good opportunity to reform and joint oil prices, coupled with the officials made it clear that fuel tax will be introduced in the near future, the linkage of the oil market is expected to come out again and again broke out. Once the oil and rationalize the joint mechanism, to a certain extent, will be able to guarantee the profitability of refining companies, Sinopec and the China National Petroleum Corporation to form a long-term good.
However, "now want to gain a clear understanding of the reform of the oil refining enterprises is almost impossible," CITIC Securities [19.87 0.56%] Yin Xiao-dong of the "Red Week" that "can not be used as the basis of hearsay, and hearsay in the tax rate From 20% to 50% of all, there are forms of levy, the price of oil products and other factors. " Wang Guotai Junan analyst suggested that if the market outlook continues to Sinopec up, it should take profits, "H Unit price, after all, we are only half."
Lower oil prices but also "We believe the recent oil price reduced the possibility of even more." Wang told reporters that this is precisely what the recent National Development and Reform Commission meeting to discuss one of the topics. Wang believes that the recent downward pressure on gasoline prices great expectations in the near future will be lowered from 800 to 1,000 yuan / ton, and diesel prices downward pressure will be greater. It should be noted that we are talking about here is not lower oil prices, including fuel tax, if taking into account the fuel tax, oil prices may also upgrade. At present, the media widely speculated that oil prices will increase, is based on the premise.
Although many versions of hearsay, but the reporter is still trying to forget about. The lower the rate of 30%, adjusted gasoline prices per liter higher than it is now about 1.5 yuan. A year by traveling 20,000 km, 100 km fuel consumption of 10 liters of dollars, spending a year in oil prices by about 3,000 this year with the current road maintenance fees of about 1320 yuan (Beijing standard car 5), the burden Has greatly increased; but in a few kilometers in about 5000 kilometers of white-collar workers, is a good (not to consider "the use of car travel tax from 480 yuan / on-year to 1,800 yuan / year," the rumors). The results of calculations with the collection and the proportion of costs related to readjustment will be very different from the situation changes. Therefore, the reform will have a total amount of oil rise to social inhibition, is not found, the type of oil refining enterprises is even more bad forecast.
Fuel tax on petrochemical Hutch, the market there is another view that the introduction of fuel tax would give gas stations a large cash flow, which, Wang agreed. He told reporters, fuel duty on the two forms, or collection of factory, gas station or collected. If the collected gas, petrochemical planes will bring to tens of billions of cash flow. Although the money is eventually have to pay up, but there is a total turn-around time. From the two companies continue to issue bonds in the near future, there is the extra amount of money the company is a good thing. "However, this does not affect me on the fuel tax reform on the impact of refineries-neutral judge." Wang said.
Planes of the investment differences
Data show that from November 14 to the beginning of this week three, Sinopec's voucher-based ownership, 5 trading days of the year increased 0.69 percent. Chairman of the day-trading statistics, code-named 9406 Fund of Funds for the biggest bull, which bought a total of three seats in the 146 million total 1744.47 million shares. But for all funds in and out the same day the Census and Statistics found that only seats on the same day fund bought a net 7.59 million shares. However, the self-Orient Securities ranked third set, bought a total of 1032 million shares total 86,380,000 yuan. Fund more obvious differences, and the broker agreed to do more and more.
Petrochemical and "brothers", in the oil refining business is not to highlight the market's attitude is not the same as there are funds in the near future Opening in oil, also rose on the same day fund inflows, but not total, total funds Buy 289.35 million shares. Wang believes that as oil companies, in the alternative oil has a higher rate compared with Sinopec to invest more in value terms.
Small fuel tax information
From the first time in 1994, 1997, into the "highway" to now, "fuel surcharge" in view of the road maintenance fees to replace more than 10 years, when the time is now hidden. The current road maintenance fees are generally based on tonnage and revenue are two methods of billing charge is a fixed fee. Fuel tax through the road maintenance fees will be tied into the oil price will have to pay per vehicle's road maintenance fees into taxes and fees, and more with the concept of "pay more to use less pay less to use" the principle of fairness.
Fuel oil tax reform ≠ linkage
Sinopec Securities head of the Department of the media in an interview that "In the current circumstances, we certainly have the oil profits tax on oil sales if the links in the introduction, it should not impact the company's earnings." , "Are expected to speculation, gambling policy. Not to judge the real impact, even if there are good there will not be affected, there is currently only trading of opportunity." Great Wall Securities analyst Wang Gang industry point of view clear. To accept the "Red Week" interview, he stressed that "the market is up more oil joint mechanism with which the fuel tax reform can be said to be two different things." In fact, in the near future, said Han Wenke, "rationalize the prices of energy needed to wait for the opportune time", which is perhaps the best view of Wang Gang comment.
Of course, the market to link the two issues are not entirely unjustified. In short, these two are related to oil prices, are improving the domestic refined oil pricing mechanism. China's refined oil price has been out of line with the price of crude oil in order to smooth out the complete distortion of the relationship between a reasonable guide energy consumption, these two reforms must be completed, which is the trend of the times, but what the time change, whether or not to join, but Not necessarily.
The recent decline in international crude oil prices, agreed that public opinion is a good opportunity to reform and joint oil prices, coupled with the officials made it clear that fuel tax will be introduced in the near future, the linkage of the oil market is expected to come out again and again broke out. Once the oil and rationalize the joint mechanism, to a certain extent, will be able to guarantee the profitability of refining companies, Sinopec and the China National Petroleum Corporation to form a long-term good.
However, "now want to gain a clear understanding of the reform of the oil refining enterprises is almost impossible," CITIC Securities [19.87 0.56%] Yin Xiao-dong of the "Red Week" that "can not be used as the basis of hearsay, and hearsay in the tax rate From 20% to 50% of all, there are forms of levy, the price of oil products and other factors. " Wang Guotai Junan analyst suggested that if the market outlook continues to Sinopec up, it should take profits, "H Unit price, after all, we are only half."
Lower oil prices but also "We believe the recent oil price reduced the possibility of even more." Wang told reporters that this is precisely what the recent National Development and Reform Commission meeting to discuss one of the topics. Wang believes that the recent downward pressure on gasoline prices great expectations in the near future will be lowered from 800 to 1,000 yuan / ton, and diesel prices downward pressure will be greater. It should be noted that we are talking about here is not lower oil prices, including fuel tax, if taking into account the fuel tax, oil prices may also upgrade. At present, the media widely speculated that oil prices will increase, is based on the premise.
Although many versions of hearsay, but the reporter is still trying to forget about. The lower the rate of 30%, adjusted gasoline prices per liter higher than it is now about 1.5 yuan. A year by traveling 20,000 km, 100 km fuel consumption of 10 liters of dollars, spending a year in oil prices by about 3,000 this year with the current road maintenance fees of about 1320 yuan (Beijing standard car 5), the burden Has greatly increased; but in a few kilometers in about 5000 kilometers of white-collar workers, is a good (not to consider "the use of car travel tax from 480 yuan / on-year to 1,800 yuan / year," the rumors). The results of calculations with the collection and the proportion of costs related to readjustment will be very different from the situation changes. Therefore, the reform will have a total amount of oil rise to social inhibition, is not found, the type of oil refining enterprises is even more bad forecast.
Fuel tax on petrochemical Hutch, the market there is another view that the introduction of fuel tax would give gas stations a large cash flow, which, Wang agreed. He told reporters, fuel duty on the two forms, or collection of factory, gas station or collected. If the collected gas, petrochemical planes will bring to tens of billions of cash flow. Although the money is eventually have to pay up, but there is a total turn-around time. From the two companies continue to issue bonds in the near future, there is the extra amount of money the company is a good thing. "However, this does not affect me on the fuel tax reform on the impact of refineries-neutral judge." Wang said.
Planes of the investment differences
Data show that from November 14 to the beginning of this week three, Sinopec's voucher-based ownership, 5 trading days of the year increased 0.69 percent. Chairman of the day-trading statistics, code-named 9406 Fund of Funds for the biggest bull, which bought a total of three seats in the 146 million total 1744.47 million shares. But for all funds in and out the same day the Census and Statistics found that only seats on the same day fund bought a net 7.59 million shares. However, the self-Orient Securities ranked third set, bought a total of 1032 million shares total 86,380,000 yuan. Fund more obvious differences, and the broker agreed to do more and more.
Petrochemical and "brothers", in the oil refining business is not to highlight the market's attitude is not the same as there are funds in the near future Opening in oil, also rose on the same day fund inflows, but not total, total funds Buy 289.35 million shares. Wang believes that as oil companies, in the alternative oil has a higher rate compared with Sinopec to invest more in value terms.
Small fuel tax information
From the first time in 1994, 1997, into the "highway" to now, "fuel surcharge" in view of the road maintenance fees to replace more than 10 years, when the time is now hidden. The current road maintenance fees are generally based on tonnage and revenue are two methods of billing charge is a fixed fee. Fuel tax through the road maintenance fees will be tied into the oil price will have to pay per vehicle's road maintenance fees into taxes and fees, and more with the concept of "pay more to use less pay less to use" the principle of fairness.
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