No Data
No Data
CNOOC Oilfield Services (02883) will pay the 2023 final dividend of $0.21 per share on June 30
According to the Zhitong Finance App, CNOOC Oilfield Services (02883) announced that the company will pay the 2023 final dividend of RMB 0.21 per share on June 30, 2024.
Changes in Hong Kong stocks | CNOOC Services (02883) is now down more than 4% Bank of America says it is cautious about the negative impact of the shutdown of drilling platforms in the Middle East
CNOOC Oil Services (02883) is now down more than 4%. As of press release, it is down 4.69% to HK$8.54, with a turnover of HK$139 million.
Bank of America: Maintaining CNOOC's “Outperforming Market” Rating and Remains Cautious About the Negative Effects of the Shutdown
According to a research report published by Bank of America Securities, CNOOC Services' profit for the first quarter of fiscal year 2024 increased 57% year-on-year, better than the bank and market expectations, higher than the bank's and market consensus; first-quarter revenue increased 20% year-on-year; and operating profit margin was 12%, up from 10% in the first quarter and fourth quarter of last year. The bank noticed that although the utilization rate of CNOOC's drilling rigs remained flat year over year, the company's performance recorded an improvement. Mainly due to a rebound in oil well service profit margins, the bank therefore expects the company's revenue to increase by 20% to 30% year-on-year in the 2024 fiscal year. The bank also quoted CNOOC's management revenue from its oilfield services
Bank Rating | Bank of China International: Lowering CNOOC's Target Price to HK$9.53 to Maintain “Hold” Rating
Gelonghui, April 28 | Bank of China International published a research report showing that CNOOC's net profit in the first quarter increased 57% year-on-year to 636 million yuan, but only reached 15% of the bank's annual budget target. Furthermore, the number of operating days of its rigs is surprisingly reduced by 3% year-on-year, indicating that although the market has improved, some of its rigs are still idle, or at least not fully operational. Meanwhile, four drilling rigs in the Middle East suspended operations in the second quarter, which may affect the Group's quarterly growth for the rest of the year. Although the bank believes that the Group can make progress in developing overseas markets, it is still cautious about its recent profits. This marshal
Major Bank Ratings | UBS: Maintaining CNOOC's “Buy” Rating First Quarter Results Meet Expectations
Glonghui, April 28 | UBS released a report stating that CNOOC's first-quarter results met expectations and maintained a “buy” rating, with a target price of HK$10.8. According to the report, CNOOC Services' net profit for the first quarter was 636 million yuan, an increase of 57% year-on-year, slightly exceeding market expectations and in line with the forecast. Thanks to the increase in the utilization rate of overseas drilling rigs, the high-margin oil well service sector's share of total profit before interest and tax rose to 87% to 88% (83% last year), increasing gross margin for the first quarter by 2.6 percentage points and 1.2 percentage points from year to quarter, respectively. According to UBS, the company has been expanding overseas
CNOOC Oil Service (601808): Profitability Significantly Increased Profitability and Maintaining Oil Service's Prosperity
Event: The company released a report for the first quarter of 2024: achieving operating income of 10.15 billion yuan (+20% YoY, -31% month-on-month), net profit of 640 million yuan (YoY +57%, -14% month-on-month), deducting non-return to mother
No Data