BK0970 Oil Service Project
- 971.735
- +0.337+0.03%
While Individual Investors Own 32% of Offshore Oil Engineering Co.,Ltd (SHSE:600583), Private Companies Are Its Largest Shareholders With 55% Ownership
Key Insights Significant control over Offshore Oil EngineeringLtd by private companies implies that the general public has more power to influence management and governance-related decisions 55% of
CNPC Engineering (600339): Strong increase in 24Q1 performance, deepened “Belt and Road” cooperation and won a large contract with Saudi Arabia
Incident 1: The company released its 2024 quarterly report, 2024Q1. The company achieved total operating revenue of 14.7 billion yuan, -1.71% YoY, -46% month-on-month, and realized net profit to mother of 242 million yuan, +17% YoY, Huan
CNOOC Engineering (600583): Optimizing order quality, net interest rate is expected to gradually improve
1Q24 results are in line with our expectations. The company announced 1Q24 results: operating income of 5.67 billion yuan, -11% year over year; net profit to mother of 475 million yuan, +6% year over year; 1Q24 results are basically in line with our expectations. 1Q
Zhongman Petroleum (603619.SH) announced first-quarter results, net profit of 172 million yuan, a year-on-year decrease of 19.85%
Zhongman Petroleum (603619.SH) released its report for the first quarter of 2024, with revenue of 807 million yuan, with...
CNPC Engineering (600339) Annual Report and Quarterly Report Review: High Q1 performance growth garnered nearly 10 billion Saudi Aramco orders
The company released the 2023 annual report and the 2024 quarterly report. The company achieved revenue of 80.343 billion yuan in 2023; net profit attributable to shareholders of listed companies was 746 million yuan, an increase of 3.07% over the previous year; main business
Renzhi Co., Ltd. (002629.SZ): Net loss of 7.7781 million yuan in the first quarter
Gelonghui, April 29 | Renzhi Co., Ltd. (002629.SZ) released its report for the first quarter of 2024. Operating income for the reporting period was 366.887 million yuan, up 12.41% year on year; net profit attributable to shareholders of listed companies - 7.7781 million yuan; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - 8.1958 million yuan; basic earnings per share - 0.018 yuan.
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.
The oil and gas extraction service sector weakened. Offshore oil engineering fell by more than 4%, while CNPC Haifu, Tongyuan Petroleum, CNOOC, CNOOC development, and new natural gas followed suit.
The oil and gas extraction service sector weakened. Offshore oil engineering fell by more than 4%, while CNPC Haifu, Tongyuan Petroleum, CNOOC, CNOOC development, and new natural gas followed suit.
The A-share oil and gas extraction service sector weakened, and CNOOC Engineering fell more than 4%
Gelonghui, April 29 | CNOOC Engineering fell more than 4%, followed by Tongyuan Petroleum, CNOOC Development, and New Natural Gas.
CNOOC Development (600968): The three major industries are steady and progressive, and their profitability continues to improve
Event: The company released its 2023 annual report and 2024 quarterly report. In 2023, revenue of $49.31 billion was achieved, +3.2% year-on-year; net profit to mother was 3.08 billion yuan, +27.5% year-on-year. 2024Q1, real
CNOOC Oil Service (601808) Company Brief Evaluation Report: Increased workload in various businesses, strong year-on-year performance
Key investment events: In Q1 2024, CNOOC achieved operating income of 10.148 billion yuan, +20.0% year over year, setting a record high in the company's first quarter revenue; net profit to mother was 636 million yuan, +57.3% year over year; net deductions were not net
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
Tianfeng Securities released a research report on April 28 stating that it gave CNOOC Development (600968.SH) a buy rating. The main reasons for the rating include: 1) CNOOC's net production grew strongly in the first quarter, and barrel oil costs were we
Tianfeng Securities released a research report on April 28 stating that it gave CNOOC Development (600968.SH) a buy rating. The main reasons for the rating include: 1) CNOOC's net production grew strongly in the first quarter, and barrel oil costs were well controlled; 2) Key projects have progressed in an orderly manner since this year to build the company's new productivity. (Mainichi Keizai Shimbun)
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
Shareholders Would Enjoy A Repeat Of Zhongman Petroleum and Natural Gas GroupLtd's (SHSE:603619) Recent Growth In Returns
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that,
CNOOC Development (600968): Rapid Q1 profit growth continues to develop new quality productivity
The company released the 2024 quarterly report. The company achieved operating income of 9.207 billion yuan in the first quarter, down 3.47% year on year; net profit to mother was 501 million yuan, up 21.44% year on year. Basic earnings per share of $0.0493
Hewlett-Packard (002554.SZ): Net profit of 17.595 million yuan in the first quarter increased by 43.82% year-on-year
On April 26, GLONGHUI (002554.SZ) released its first quarter report. Operating revenue was 670 million yuan, up 34.55% year on year, net profit of 17.595 million yuan, up 43.82% year on year, after deducting non-net profit of 16.31 million yuan, up 58.49% year on year, with basic earnings of 0.0131 yuan per share.
Potential Hengxin (300191.SZ): Net loss of 12.295,900 yuan in the first quarter, year-on-year profit and loss
Gelonghui, April 26 | Qianneng Hengxin (300191.SZ) released its report for the first quarter of 2024, with operating income of 116 million yuan, up 5.90% year on year; net profit attributable to shareholders of listed companies - 12.295,900 yuan, year-on-year profit and loss; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - $12.381 million; basic earnings per share - 0.0384 yuan.