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BOCI Upgrades CNOOC (00883.HK) Rating to 'Buy', Raises TP to HKD18.76
2026-03-31 14:33:33
BOCI released a research report stating that China National Offshore Oil Corporation (CNOOC) (00883.HK) saw its profit rise by 50% to RMB20.3 billion last year, with core earnings meeting expectations.

The firm noted that after a decline in CNOOC's stock price over the past four weeks, the valuation has become attractive again. The firm raised its core earnings forecast for 2026 to 2027 by 7% to 9%, increasing the target price from HKD16.96 to HKD18.76, and upgraded the rating from 'Hold' to 'Buy'. (sl/w)~

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