Integrated Oil and Gas

PETROCHINA

Jilin Governor Hu Yuting Meets CNPC Chairman Dai Houliang to Discuss Deepening Cooperation in Green Energy and Other Fields

Kunlun Tongzhou Bay Strategic New-Economy Equity Investment Fund Established, with a Capital of 1 Billion Yuan

Kunlun GONGRONG Dianhang Strategic New Fund Partnership Established

BOCI Raises PetroChina Target Price to HKD12.85 and Maintains Buy Rating

BOC International Raises Profit Forecast for CNOOC 2026-2028

HSBC Research Maintains Buy Rating and Upgrades Target Price for PetroChina H Shares

China Everbright Securities Publishes Report Analyzing PetroChina's Q1 2026 Earnings at New High

China Authorizes State-owned Refiners to Export 5 Million Tons of Fuel to Alleviate Supply Issues

CLSA Reports: PetroChina's First Quarter Performance Robust, Stronger Q2 Growth Expected

China National Petroleum Corporation Holds Meeting to Emphasize Supply Security and External Challenges

China National Petroleum Corporation Q1 2026 Net Profit Grows Amid Revenue Decline

PetroChina released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue HKD 834.87 B (forecast HKD 889.34 B), actual EPS HKD 0.2993 (forecast HKD 0.3061)

State-owned oil firms seek to resume fuel exports

CNPC LNG receiving station cumulative output exceeds 100 billion cubic meters

China National Petroleum Reports Record-Breaking 2025 Annual Report

PETROCHINA to Release FY2026 Q1 Earnings on April 29 During-Market (BJT), Forecast Revenue HKD 892.33 B, EPS HKD 0.306

DBS Upgrades CNPC Earnings Forecast and Maintains Buy Rating

First Shanghai Securities and DBS Maintain Buy Rating for PetroChina

Kela 2-5 Well in Tarim Oilfield of PetroChina Exceeds 100 Billion Cubic Meters of Natural Gas Production

FAMEGLOW

NEW GONOW RV

REALWAY CAPITAL

TJCD

ZXZN QI-HOUSE

51WORLD

ZHONGSHENJIANYE

CENTRAL DEV H

HAICHANG HLDG

JOLIMARK

Ordinary dividend (cash)

Ex Date: 2026.06.18, Cash dividend 0.2829 HKD

00857

601857

PETROCHINAplans to transform traditional industries and develop new productive forces tailored to local conditions. Chairman Dai Houliang announced the focus on two emerging pillar industries: 'thermal-power-hydrogen' and 'bio-refining-new materials.' The company aims for technological self-reliance, enhancing innovation in core technologies and improving R&D investment efficiency.

AASTOCKS News

PetroCN HK SDR 1to2

PETROCHINA Will Develop New Quality Productive Forces Tailored to Local Conditions, Build Emerging Pillar Industries

00386

600028

00883

600938

CLSA reports that SINOPEC CORP has underperformed compared to PETROCHINA and CNOOC since the Israel-Iran conflict, reflecting a divergence in earnings amid rising oil prices. The broker expects SINOPEC to potentially report a loss in 2Q26 due to downstream challenges, impacting dividend distributions. In contrast, PETROCHINA and CNOOC are projected to benefit from strong cash flows and increased dividends. CLSA maintains an Outperform rating for all three, with target prices set at HKD12 for PETROCHINA, HKD32 for CNOOC, and HKD4.9 for SINOPEC CORP.

SINOPEC CORP

Sinopec Corp.

CNOOC

CNOOC-R

CLSA: SINOPEC CORP  Share Price Has Underperformed Peers Since Israel-Iran Conflict, Reflecting Fundamental Divergence; Sector Top Pick PETROCHINA

Evercore founder Roger Altman warns that the oil market may be at a tipping point, potentially leading to significantly higher prices that could destabilize the stock market. He highlights that a rise in crude oil prices towards $150 a barrel could trigger a second inflation shock post-COVID. While stocks have remained resilient, the diminishing buffers against oil supply shortfalls may complicate the economic outlook, which has otherwise appeared strong due to corporate profits and consumer resilience.

Dow Jones

Occidental Petroleum

SPDR O&G Ex & Prd

United States Oil Fund LP

Pro Ultr Bloomberg Crude Oil

VanEck Oil Services ETF

iShares US Oil Equip & Svcs

iShares US Oil & Gas Expl & Prod

Us Brent Oil

VanEck Oil Refiners ETF

SPDR O&G Equip

SPDR Energy Select

VG Energy

ISHRS S&P Glb Engy

Evercore

Factset Research

S&P 500

NASDAQ Composite Index

The oil market is reaching a 'tipping point' that could create problems for stocks, according to this Wall Street legend

The HSI opened down 123 points at 25,838, following a decline in US stock indices. Major tech stocks like Tencent and Alibaba also opened lower. In contrast, oil stocks CNOOC and PetroChina rose against the market trend. LEAPMOTOR saw a significant drop of over 7% after reporting a larger-than-expected loss in Q1.

HSI Opens Down 123 pts; 2 Oils Hike Against Mkt; LEAPMOTOR Slumps 3%+ Post-Results

06656

01276

01766

06869

02513

00100

06288

02476

02338

SIGENERGY(06656) rose 6.7%, with a trading turnover 173.6 Million HKD, and a year-to-date rose 74.3%. HENGRUI PHARMA(01276) rose 4.84%, with a trading turnover 1.4 Billion HKD, and a year-to-date fell 2.5%. KNOWLEDGE ATLAS(02513) fell 6.56%, with a trading turnover 779.8 Million HKD, and a year-to-date rose 622.9%. MINIMAX-W(00100) fell 6.31%, with a trading turnover 881.7 Million HKD, and a year-to-date rose 318.5%.

Top Gainers&Losers

SIGENERGY

HENGRUI PHARMA

CRRC

YOFC

KNOWLEDGE ATLAS

MINIMAX-W

FAST RETAIL-DRS

WEICHAI POWER

Top 5 HK Stock Gainers/Losers (>100B) (5.12)

512480

561360

516570

561760

159309

563150

159731

On May 12, the Hong Kong stock market fluctuated lower, with all three major indices closing in the red. The Hang Seng Tech Index fell by 0.70%. Affected by concerns over AI infrastructure costs and a "memory tax," the memory chip sector plunged collectively, with related ETFs dropping more than 6%. In contrast, Hengrui Medicine, catalyzed by a blockbuster $15.2 billion BD agreement, and oil and gas resource stocks, supported by risk-aversion sentiment, performed actively. Trends among tech heavyweight stocks diverged; Tencent topped the turnover list but saw its share price decline

Market Pulse

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Guotai CSI Oil & Gas Industry ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

E Fund CSI Semiconductor Material & Equipment Thematic ETF

E Fund CSI Petrochemical Industry ETF

Bosera CSI Oil & Gas Resources Index ETF

Harvest SSE STAR Chip ETF

Guotai CES Semiconductor Chip Industry ETF

China Universal CSI Oil & Gas Resources ETF

Guotai CSI All Share Integrated Circuit ETF

Harvest CSI All Share Integrated Circuit ETF

Yinhua CSI Oil & Gas Resources ETF

China Merchants CSI Semiconductor Industry ETF

ChinaAMC CSI Petrochemical Industry ETF

Hang Seng Index

Hang Seng China Enterprises Index

Hang Seng TECH Index

TENCENT

KUAISHOU-W

NTES-S

XL2CSOPHYNIX

XL2CSOPSMSN

SMIC

HUA HONG SEMI

ZIJIN MINING

Zijin Mining

Hengrui Pharma

Bristol Myers Squibb

CMOC

MEITUAN

BABA-W

Alibaba

BIDU-SW

Baidu

BANK OF CHINA

Bank Of China

CHINA RES LAND

NUOBIKAN

DEEPEXI TECH

XIAOMI-W

MONTAGE TECH

HSCEI ETF

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

KUAISHOU-WR

NetEase

SMIC HK SDR 5to1

Hua Hong

Bristol-Myers Squibb Company

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

BABA-WR

Alibaba HK SDR 5to1

BIDU-SWR

BOC HONG KONG

Bank of China

AIA-R

AIA Group

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

Montage Technology

HK Stocks Close | All Three Major Indices Fall, Resources and Pharma Stocks Buck the Trend, Memory Chip Sector Plunges

At midday, the HSI rose by 79 points (0.3%) to 26,486, while the HSTI fell by 19 points (0.4%) to 5,086. Notable movers included PetroChina, which increased by 4.6%, and several stocks hitting new highs, such as BOC Hong Kong and YOFC. Active stocks included Meituan and Tencent, with varying short selling ratios. Overall, the market showed mixed performance with some stocks gaining significantly while others declined.

GOFINTECH QUANT

CHINA POWER

GUANGDONG INV

POP MART

LENOVO GROUP

XINYI GLASS

WELLCELL HOLD

TIME INTERCON

POP MART HK SDR 20to1

LENOVO GROUP-R

Lenovo Group

HSI Closes Midday at 26,486, Up 79 pts; HSTI Closes Midday at 5,086, Down 19 pts; PETROCHINA Up over 4%; BOC HONG KONG, YOFC, GOFINTECH QUANT, CHINA POWER, GUANGDONG INV Hit New Highs

PETROCHINA(00857.HK)