CHK OIL

CHK Oil closed up 6.25% at HK$0.255, recovering sharply from a morning low of HK$0.233 to touch an intraday high of HK$0.235 in the afternoon session, narrowing its deviation from the 20-day MA (HK$0.248) to around 2.8%. The stock rose after the company terminated a planned discounted share placing of 86.87M new shares at HK$0.21 each and finalized a reshuffled board line-up, appointing two executive directors amid an updated regulatory disclosure list. Earnings showed a stark divergence: Q4 revenue slumped 82.47% YoY to HK$10.2M while net profit swung to HK$13.67M on impairment reversals, yielding a net margin of 133.95% and EPS of HK$0.0157 (+391.15% YoY). Trading at a P/B of 0.95x and a trailing P/E of 15.02x, the stock is up 32.81% YTD but remains 77.23% below its 52-week high of HK$1.12, and below its 60-day MA of HK$0.265. However, micro-cap liquidity and the revenue trajectory remain headwinds given the HK$244M market cap.