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| HSI1 | 25,768.08 | -291.77 | 370.55B |
| HSCEI1 | 8,608.71 | -93.20 | 113.69B |
| Back Zoom + Zoom - Block Traded | |
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2026-03-03 16:08:07 CICC published a research report suggesting that investors focus on investment opportunities in upstream oil and gas exploration and development, oilfield services and refining and chemical companies due to changes in the situation in Iran. In the short term, the broker believed that, due to higher geopolitical premium, the oil price pivot may rise from approx. US$67 per barrel in 2025 to above US$70. Moreover, Iran's command of the Strait of Hormuz, the stability of Middle Eastern crude oil trade flows and the security of production facilities in Gulf countries are also short-term upside catalysts for oil prices. Considering the anticipated 15% YoY decline in oil prices in 2025 and the current upside expectations, CICC lowered its 2025 net profit forecast for CNOOC (00883.HK) by 4.2% to RMB128.4 billion, largely maintained its 2026 net profit forecast and expected the 2027 net profit to reach RMB142.47 billion. The broker raised its target prices for CNOOC's A-/ H-shares by 29%/ 22.8% to RMB38.8/ $28, with both rated at Outperform. ~ AASTOCKS Financial News Website: www.aastocks.com | |