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<Research>UBS Keeps Buy on CNOOC, Lifts TP to HKD37.8
Recommend 6 Positive 3 Negative 6 |
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According to a report from UBS, CNOOC (00883.HK)'s 2025 revenue and net profit dropped by 5.3% and 11.5% YoY, largely in line with the broker's expectations. CNOOC's 4Q25 net profit fell by 5.5% YoY or 38% QoQ, mainly reflecting the oil price pullback during the period and the recognition of asset impairment losses. Management stated that enhancing reserves and productivity, along with cost control, remain core strategies for the future. UBS has lifted its target price for CNOOC from HKD33.6 to HKD37.8, with a Buy rating remaining in place. AAStocks Financial News |
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