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| HSI1 | 21,980.74 | +70.98 | 208.04B |
| HSCEI1 | 8,080.54 | +23.69 | 83.92B |
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2025-04-24 10:03:41 BOCI has released a research report expecting all three leaders in China's oil sector to report a YoY reduction in their earnings for 1Q25, with SINOPEC CORP (00386.HK) suffering from the largest decline, after considering that the average price of Brent crude slipped by 8% YoY during the same period. As the recent drop in oil prices was caused by a nosedive in net long of managed funds in oil futures, BOCI believes that oil prices have already bottomed out. In addition, given that the H-shares of the three major Chinese oils currently offer an expected dividend yield of 7.5-8.3% for 2025 at current price levels, the broker considers them sufficiently attractive. BOCI kept an Outperform rating on the oil sector, and it preferred CNOOC (00883.HK) and PETROCHINA (00857.HK) more. ~ AAStocks Financial News Web Site: www.aastocks.com | |