Details of the latest Hong Kong and A-share holdings of foreign public equity giants are here
The fund's quarterly report revealed that public fund holdings under international asset management giants such as Fidelity, BlackRock, and Lubomai have surfaced. Zhou Wenqun of Fidelity Funds has the latest management scale of 680 million yuan. The first quarter heavy stocks of the Fidelity Heritage 6-Month Stock Fund under its management include CNOOC, Shaanxi Coal, China Shenhua, Midea Group, Yancoal Australia, etc., and its holdings are mainly energy stocks. Fidelity Inheritance drastically increased its allocation of Hong Kong stocks, increasing its allocation ratio from 14.4% at the end of last year to 24.31%. Fund manager Zhou Wenqun said in the quarterly report: “The fund has increased its allocation to the upstream sector, which is the main source of excess income; overallocation
A Look At The Intrinsic Value Of CNOOC Limited (HKG:883)
Key Insights CNOOC's estimated fair value is HK$22.23 based on 2 Stage Free Cash Flow to Equity Current share price of HK$19.68 suggests CNOOC is potentially trading close to its fair value Our fa
Research Nuggets | CICC: Raising CNOOC's target price to HK$24, raising profit forecast for this year and next two years
According to a research report published by CICC, CNOOC's revenue for the first quarter increased 14% year-on-year, and net profit increased by 23.7%. Production exceeded expectations, driving quarterly performance higher than market expectations. During the period, CNOOC's oil and gas production increased by 9.9% year-on-year to 180 million barrels of oil equivalent. China's domestic oil and gas production increased 6.9%, and overseas production increased 16.9%. The expected increase in CICC's production is mainly driven by early commissioning of the domestic Suizhong 36-1/Luda 5-2 oil field during the second adjustment period, as well as an increase in output from the Canadian oil sands project. Looking ahead, CICC remains optimistic about CNOOC's production growth and is expected to exceed 2 for the whole year
UBS: Target price for CNOOC's “buy” rating raised to HK$26.3
According to a research report released by UBS, the net profit of CNOOC (00883) increased 23.7% year on year and 51.6% quarterly to 39.7 billion yuan, higher than the market and the forecast. This was mainly due to the rapid increase in production during the period, the 6.2% increase in oil prices to 78.75 US dollars per barrel, and the appreciation of the US dollar exchange rate. The report raised CNOOC's 2024-2026 profit forecast by 2%, and the target price for H shares was raised from HK$26 to HK$26.3, with a “buy” rating. According to the report, CNOOC's production in the first quarter increased 9.9% year on year to 180.1 million barrels, and its domestic production in China increased 6.9%
Bank of China International: Reiterates CNOOC's “Buy” Rating Target Price to HK$21.84
Bank of China International released a research report stating that it reaffirmed the “buy” rating of CNOOC (00883) and raised the target price from HK$19.95 to HK$21.84. Due to the recent surge in oil prices, CNOOC's profit in the second quarter is likely to be higher. If the typhoon does not have a significant impact, oil and gas production will exceed the upper limit of its target guidelines. According to the report, CNOOC's net profit for the first quarter increased 24% year-on-year to 39.7 billion yuan, 9% higher than the bank's forecast. This difference is mainly due to lower costs than expected, realized oil prices, and higher production than expected. Brent crude has been in business since mid-March
China Oil Company Sees Strong Production and Profits This Quarter
CNOOC Limited achieved strong growth in both net production and net profit during the first quarter of this year, the company said on Thursday.
Changes in Hong Kong stocks | CNOOC (00883) surpassed performance, production growth rate of nearly 4%, and crude oil prices surpassed expectations, net profit increased 23.7% year-on-year in the first quarter
CNOOC (00883) opened nearly 4% higher after the report. As of press release, it rose 3.79% to HK$19.72, with a turnover of HK$85.55,600.
Press Release: CNOOC Limited Achieves Strong Growth in Both Net Production and Net Profit in Q1 2024
CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announced its operating results for the first quarter of 2024.
CNOOC Limited Achieves Strong Growth in Both Net Production and Net Profit in Q1 2024
HONG KONG, April 25, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announced its operating results for the first quarter of 2024.
Cnooc Posts Record First-Quarter Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first-quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.
Cnooc 1Q Oil and Gas Sales Up 21% to CNY89.98B >0883.HK
Cnooc 1Q Oil and Gas Sales Up 21% to CNY89.98B >0883.HK
Cnooc 1Q Rev CNY111.47B Vs. CNY97.71B >0883.HK
Cnooc 1Q Rev CNY111.47B Vs. CNY97.71B >0883.HK
CNOOC announced first-quarter results, net profit of 39.719 billion yuan, up 23.7% year-on-year
CNOOC (00883) announced results for the first quarter of 2024. The group achieved operating income of 111,468 billion yuan during the period, an increase of 14.1% over the previous year; net profit to mother was 39.719 billion yuan, an increase of 23.7% over the previous year; and basic earnings per share were 0.84 yuan.
公告 2024年第一季度報告
Heavy, it's all gone crazy!
A major shift in logic
CICC 24Q1 Active Equity Fund Analysis: The ratio of Hong Kong stocks showed an increase in the energy and raw materials industries and a significant increase in holdings
In terms of asset allocation, there has been a correction in stock positions, and the Hong Kong stock ratio has shown an increase. In terms of Hong Kong stocks, heavy holdings are concentrated in the IT industry, energy industry, non-essential consumption and healthcare industries. Among them, the energy industry and raw materials industry saw significant increases in 2024Q1.
Oil's Latest Losing Streak Isn't Just About Israel -- Barrons.com
Oil prices fell on Monday, continuing a skid that took prices down 3.5% last week and has left the commodity in the red five out of the past six days.
The supply and demand pattern changed abruptly, and the Asian crude oil market was astonished: heavy crude oil with high sulfur was being chased
With changes in global crude oil supply and favorable refining returns, crude oil with higher sulphur content and density is becoming increasingly popular in the Asian physical market, a situation that rarely changes the usual situation.
Learn Citadel, Commodities “Arms Race”: AI and Big Data
Russell Hardy, CEO of Vitol, said that trading companies mainly use AI in two ways: one is to improve business efficiency, and the other is to gain trading advantages through stronger analytical capabilities.
E-Fangda Zhang Kun's quarterly report is out! The scale of management has shrunk slightly, and China National Offshore Oil (00883) has become the largest stock for the first time
The Zhitong Finance App learned that recently, E-Fangda Fund Manager Zhang Kun disclosed the 2024 quarterly report on fund products under management. By the end of the first quarter of 2024, the total assets of the four funds managed by Zhang Kun were about 64.732 billion yuan, a decrease of 1.13% compared to 65.474 billion yuan at the end of the fourth quarter of 2023, a decrease of about 742 million yuan. Specifically, with the exception of E-Fangda Asia Select Stock (QDII), which achieved month-on-month growth, the scale of the remaining 3 products declined. E-Fangda Blue Chip Select Blend, E-Fangda Premium Company held the hybrid for three years, and E-Fangda Premium Select Blend (QDII)
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