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<Research>UBS Adds CNOOC (00883.HK) TP to $26.5, Rating Buy
Recommend 20 Positive 26 Negative 8 |
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CNOOC (00883.HK)'s 1H25 net profit dropped 13% YoY to RMB69.5 billion, while 2Q25 net profit fell by 18% YoY to RMB33 billion, beating expectations, UBS issued a research report saying. Profit decline was smaller than the drop in oil prices due to growth in oil and gas production and a continuous decrease in cost per barrel. Therefore, the broker slightly lifted its 2025-2027 earnings forecasts for the Company, and added its target price from $26 to $26.5, with rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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