Oil and Gas Exploration and Production

CNOOC

CNOOC Hainan Branch Builds Largest Offshore Gas Field, Annual Oil & Gas Output Exceeds 10 Million Tonnes

CNOOC Boosts Offshore Output and Reopens Huizhou Steam Cracking Unit

JPMorgan Upgrades CNOOC EPS Forecast and Maintains Rating

CLP and CNOOC Sign Memorandum to Deepen Energy Cooperation

BOCI Raises CNOOC Target Price to HKD 34.69 and Maintains Buy Rating

HSBC Global Research Maintains Buy Rating on CNOOC

CNOOC Maintains 2026 Capital Expenditure Plan

China's First Large-Scale Fracturing Vessel 'Marine Oil 696' Successfully Berths in Tianjin

CNOOC Announces First Quarter 2026 Net Profit Up 7.10% Year-over-Year

CNOOC released FY2026 Q1 earnings on April 28 Pre-Market (BJT), actual revenue HKD 131.6 B (forecast HKD 126.92 B), actual EPS HKD 0.9296 (forecast HKD 0.9523)

Morgan Stanley Sees Promise in CNOOC's Cost Advantages and Dividend Commitments, Upgrades to Overweight

Ocean Oil 166 Successfully Delivered to Beibu Gulf by China COSCO Shipping Zhiyuan Kou

CNOOC to Release FY2026 Q1 Earnings on April 28 Pre-Market (BJT), Forecast Revenue HKD 126.88 B, EPS HKD 0.9171

CNOOC Energy Development Delivers First Offshore Mobile Multi-functional Measure Platform

CNOOC Successfully Deploys Self-Developed 1500m Deep-Sea Drilling Riser System

CNOOC Tianjin Company Exceeds 10 Million Tons of Oil and Gas Production in First Quarter of Bohai Oilfield

CNOOC Releases 2025 Annual Report

Huansan Securities: CNOOC's Oil Cost Compressed, Maintains 'Buy' Rating

Citibank Raises Forecast and Target Price for CNOOC

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

Ordinary dividend (cash)

Ex Date: 2026.06.11, Cash dividend 0.55 HKD

China National Offshore Oil Corporation 2024 Annual Performance Live Broadcast

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00883

01766

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00100

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PICC GROUP(01339) rose 7.41%, with a trading turnover 822.3 Million HKD, and a year-to-date fell 16.3%. CMSC(06099) rose 6.48%, with a trading turnover 275.5 Million HKD, and a year-to-date rose 6%. KNOWLEDGE ATLAS(02513) fell 9.41%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 786.4%. MINIMAX-W(00100) fell 7.19%, with a trading turnover 612.5 Million HKD, and a year-to-date rose 350%.

Top Gainers&Losers

PICC GROUP

CMSC

TME-SW

CRRC

KNOWLEDGE ATLAS

MINIMAX-W

SIGENERGY

GANFENGLITHIUM

HUAQIN

Top 5 HK Stock Gainers/Losers (>100B) (5.19)

601857

00857

00386

600028

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.

AASTOCKS News

PETROCHINA

SINOPEC CORP

Sinopec Corp.

PetroCN HK SDR 1to2

CNOOC-R

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

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

Cnooc (600938) boosts offshore output and capacity in South China Sea, Brazil and Guyana, pursuing regional development in key offshore basins to expand production amid energy-driven growth plans.1Cnooc (600938) and Shell restarted Huizhou steam cracker in late April; plant now producing 1.2M t/yr ethylene and 600k t/yr propylene, on-spec output.2

TradingView

Shell PLC

Shell

Key facts: Cnooc boosts offshore capacity; Huizhou restarts 1.2M/600k

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06809

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01347

01171

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BIREN TECH(06082) rose 14.8%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 198.7%. MONTAGE TECH(06809) rose 11.19%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 234.5%. PETROCHINA(00857) fell 8.48%, with a trading turnover 3.4 Billion HKD, and a year-to-date rose 27.6%. YANKUANG ENERGY(01171) fell 6.73%, with a trading turnover 974.1 Million HKD, and a year-to-date rose 52.8%.

BIREN TECH

MONTAGE TECH

TECHTRONIC IND

SWIRE PACIFIC B

HUA HONG SEMI

YANKUANG ENERGY

CHINA COAL

CHINA SHENHUA

Top 5 HK Stock Gainers/Losers (>100B) (5.7)

561980

159546

159636

Hong Kong stocks closed on May 7 with all three major indices rising. The Hang Seng Tech Index led the market with a 3.09% gain. The AI wave continues to build momentum; Tencent's impressive large model data drove strength across key tech and internet stocks, while Kuaishou surged over 7%. Better-than-expected earnings from overseas computing giants, combined with NVIDIA's increased investment in the optical supply chain, catalyzed strong gains in semiconductors, fiber optics, and PCB sectors. Conversely, expectations of a US-Iran ceasefire weighed on international oil prices, causing traditional energy stocks including oil, gas, and coal to plunge against the trend. Additionally, prominent investor Duan Yongping's portfolio adjustment spurred intraday activity in Pop Mart, while Deepexi Technology saw heavy volume and a surge of over 50%

Market Pulse

China Merchants CSI Semiconductor Industry ETF

Guotai CSI All Share Integrated Circuit ETF

ICBCCS CNI HK Connect Technology ETF

Hang Seng Index

Hang Seng China Enterprises Index

Hang Seng TECH Index

TENCENT

KUAISHOU-W

BABA-W

SMIC

XL2CSOPHYNIX

XL2CSOPSMSN

Coherent Corp.

BIDU-SW

JD-SW

MEITUAN

YOFC

KB LAMINATES

FIT HON TENG

NVIDIA

Lumentum

Corning

CHINA LIFE

PING AN

CKH HOLDINGS

HSBC HOLDINGS

CATL

POP MART

DEEPEXI TECH

TRACKER FUND

HSCEI ETF

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Hua Hong

Montage Technology

KUAISHOU-WR

Alibaba

BABA-WR

Alibaba HK SDR 5to1

SMIC HK SDR 5to1

BIDU-SWR

Baidu

JD-SWR

JD.com

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

NVIDIA Corporation

China Life

PING AN-R

Ping An

Ping An Insurance

AIA-R

AIA Group

CK Hutchison Holdings

HSBC 5xShortSG241213

HSBC Holdings Plc

HSBC

CSEC/China Shenhua

CATL HK SDR 30to1

POP MART HK SDR 20to1

Techtronic Industries

HK Stocks Close | Hang Seng Tech Index Rises Nearly 3%, Semiconductors Lead Gains, Oil & Gas Stocks Plunge as PETROCHINA Drops Over 8%

PetroChina's stock fell over 7% amid a significant drop in oil prices, which plummeted by more than 10% due to market optimism regarding a potential US-Iran peace agreement. The stock hit an intraday low of HKD10.71 before closing at HKD10.85, down 7.1%. Other oil companies like CNOOC and Sinopec also experienced declines. In contrast, airline stocks such as Cathay Pacific and Air China saw gains of around 4.5% to 4.6%.

PETROCHINA  Extends Afternoon Losses to Over 7%; YANKUANG ENERGY Slumps 7%

On May 7th, during the Hong Kong stock market session, the three major indices collectively surged, with the Hang Seng Tech Index leading the market with a 2.67% increase. Boosted by the strong performance of U.S. tech stocks overnight and the progress of AI commercialization, tech giants rallied across the board, with Kuaishou soaring nearly 7% and Alibaba and Baidu rising over 4%. Meanwhile, the photovoltaic sector collectively rose due to expectations of profit recovery, and insurance and real estate stocks also performed well. In contrast, the traditional energy sector faced pressure, as expectations of easing geopolitical tensions in the Middle East led to a significant withdrawal of oil risk premiums, causing oil, gas, and coal stocks to decline sharply against the trend

- Hong Kong's stock market showed positive momentum, with major indices rising collectively; the Hang Seng Index increased by 1.45% to 26,593.49 points.  
- Notable stock performances included Kuaishou, which rose 6.80%, and Alibaba, which gained 4.55%.  
- Despite strong gains in technology and solar sectors, energy stocks fell sharply amid a decline in global crude oil prices, with Brent crude dropping 7.83% to $101.27 per barrel.

LB Select

Hong Kong stocks intraday | Technology stocks lead the Hang Seng Index up nearly 2%, oil, gas, and coal stocks weaken due to the US-Iran talks

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09926

00027

ILUVATAR COREX(09903) rose 20.22%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 287.3%. MINIMAX-W(00100) rose 12.62%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 386.7%. AKESO(09926) fell 5.89%, with a trading turnover 924.7 Million HKD, and a year-to-date rose 13.1%. GALAXY ENT(00027) fell 2.83%, with a trading turnover 688.9 Million HKD, and a year-to-date fell 15.9%.

CNOOC(00883.HK)

Top 5 HK Stock Gainers/Losers (>100B) (5.19)

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

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

Key facts: Cnooc boosts offshore capacity; Huizhou restarts 1.2M/600k

Top 5 HK Stock Gainers/Losers (>100B) (5.7)

HK Stocks Close | Hang Seng Tech Index Rises Nearly 3%, Semiconductors Lead Gains, Oil & Gas Stocks Plunge as PETROCHINA Drops Over 8%

PETROCHINA Extends Afternoon Losses to Over 7%; YANKUANG ENERGY Slumps 7%

Hong Kong stocks intraday | Technology stocks lead the Hang Seng Index up nearly 2%, oil, gas, and coal stocks weaken due to the US-Iran talks

Top 5 HK Stock Gainers/Losers (>100B) (5.4)

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