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<Research>BOCI Upgrades CNOOC (00883.HK) to Buy, Raises TP to HKD18.76
Recommend 7 Positive 4 Negative 7 |
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BOCI released a research report on CNOOC (00883.HK), which saw its profit proliferate by 50% to RMB20.3 billion in 2025, with in-line core earnings. After a plunge in CNOOC's stock price over the past four weeks, the valuation has become attractive again, the broker observed. The broker hiked its core earnings forecast for 2026-27 by 7-9%, increasing the target price from HKD16.96 to HKD18.76, and upgraded the stock from Hold to Buy. AASTOCKS Financial News Website: www.aastocks.com |
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