Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00883 CNOOC
RTNominal up18.120 +0.520 (+2.955%)
Others

05/11/2019 10:14

{I-bank focus}Daiwa upgrades CNOOC (00883) to HK$12.9

[ET Net News Agency, 5 November 2019] Daiwa Research raised its target price for CNOOC
(00883) to HK$12.9 from HK$12.5 and upgraded its rating to "outperform" from "hold".
The research house said CNOOC's share price has risen only 3% since 1 October, due to a
weaker oil price hike of 1.4%. Its production output for 3Q increased by 9.7% to
124.8mmboe, higher than Daiwa's expectation.
Daiwa thinks the oil price looks resilient at the current level due to the continued
geopolitical tension in the Middle East and the potential extension of OPEC's production
cut at the upcoming meeting in December amid a weak demand outlook.
It maintained its oil price forecasts at US$65/bbl for 2019, US$64/bbl for 2020 and
US$65/bbl for 2021. Daiwa lifted its 2019 EPS forecast by 3.5% to reflect our higher oil
and gas output assumption. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.