Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00883 CNOOC
RTNominal up8.480 +0.410 (+5.081%)
Research Report

17/03/2021 16:44

{I-bank focus}Morgan lifts CNOOC (00883) to HK$12.22

[ET Net News Agency, 17 March 2021] Morgan Stanley lifted its target price for CNOOC
(00883) to HK$12.22 from HK$9.79 and maintained its "overweight" rating.
The research house believes crude oil prices are likely to reach US$70/bbl in 2021 and
remain at US$55-60/bbl in 2022. The current oil price level would position PetroChina
(00857) CNOOC more favorably than Sinopec (00386).
Morgan thinks CNOOC will continue to benefit from its high production growth and
low-cost profile, given that it is the only pure upstream play within the Big Three, and
its earnings are also fully exposed to oil price movements.
It raised its EPS forecasts by 9-59% for 2020-22. (KL)

Remark: Real time quote last updated: 27/09/2021 17:59
  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 2021 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.