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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.
Beishui once again increased its holdings of the Bank of China by nearly HK$900 million and surpassed Meituan by nearly HK$800 million; Nanshuibong set a record purchase of 22.4 billion yuan
On April 26 (Friday), Southbound made net purchases of HK$1,174 million in Hong Kong stocks today. Kuaishou-W and HKEx received net purchases of HK$500 million and HK$117 million respectively.
Express News | Southbound Capital made a net purchase of HK$1,174 billion today
Bank of China International: Reiterates CNOOC's (00883) “Buy” Rating Target Price to HK$21.84
The Zhitong Finance App learned that Bank of China International released a research report stating that it reaffirmed the “buy” rating of CNOOC (00883), and that the target price was raised 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. From mid-March
CNOOC (600938): Q1 net profit of 39.7 billion yuan significantly exceeded expectations
CNOOC's 2024Q1 performance significantly exceeded expectations for 2024Q1 net profit of 39.7 billion yuan, +24% year over year, significantly exceeding market expectations. Growth sources were simply split: about 3.2 billion came from incremental factors, about 2.8 billion
Cinda Securities released a research report on April 26 stating that it gave CNOOC (600938.SH) a purchase rating. The main reasons for the rating include: 1) the company narrowed the oil price gap to 2.61 US dollars/barrel; 2) the 24Q1 oil and gas product
Cinda Securities released a research report on April 26 stating that it gave CNOOC (600938.SH) a purchase rating. The main reasons for the rating include: 1) the company narrowed the oil price gap to 2.61 US dollars/barrel; 2) the 24Q1 oil and gas production growth rate reached 9.9%; 3) the cost of barrels decreased by 0.63 US dollars/barrel year on year; 4) the capitalization expenditure ratio for development and production was higher than planned. (Mainichi Keizai Shimbun)
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