00883 CNOOC
- 19.680
- +0.680+3.58%
CNOOC News
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)
After keeping an eye on the Middle East for a week, oil prices finally “fluctuated” and returned to a “waiting mode”
Although oil prices have never surpassed the high before Iran attacked Israel last weekend, the volume of bullish Brent crude oil options soared to a record high. Brent crude oil futures fluctuated the most in a few months, leaving traders in almost the same situation as a week ago during the weekend, waiting for the next steps of Israel and Iran.
Zhang Kun's latest holdings have been added to Tencent Holdings and CNOOC
The latest trend of public equity firm Zhang Kun came to light. As of the end of the first quarter of 2024, Zhang Kun's management scale was about 64.732 billion yuan. Compared with 65.474 billion yuan at the end of 2023, his fund management scale was slightly reduced by 742 million yuan. The 4 funds Zhang Kun manages are E-Fangda Blue Chip Select, E-Fangda Premium Select, E-Fangda Premium Enterprise Holdings for 3 years, and E-Fangda Asia Select. In terms of specific operations, the quarterly report shows that Zhang Kun's overall holdings remained stable, and the four funds he managed all had positions above 94% at the end of the first quarter. As stock prices changed, the ranking of the top ten heavy-held stocks was adjusted. Zhang Kunmu
Zhang Kun's latest quarterly report released: his combination is “resting” and his thoughts are “running wild”
The rules of stock selection in this era have changed
Analysis
Price Target
No Data
