Energy Equipment and Services

CHINA OILFIELD

CNOOC Services to Hold Annual General Meeting and Voting

Citi Maintains Buy Rating on CNOOC Services with a Target Price of HKD 11.6

CHINA OILFIELD released FY2026 Q1 earnings on April 22 After-Market (BJT), actual revenue HKD 12.81 B, actual EPS HKD 0.2032 (forecast EPS HKD 0.6575)

CNOOC Oilfield Services Q1 Revenue Up 4.6%, Net Profit Down 3.6%

CHINA OILFIELD to release FY2026 Q1 earnings on April 22 After-Market BJT, forecast EPS HKD 0.6568

COSL Holds Q4 Earnings Call, Emphasizes Technology-Driven Transformation

CNOOC Announces 2025 Financial Results and Proposes Dividend Distribution

BofA Securities Reiterates Buy Rating on CNOOC Oilfield Services and Adjusts Target Price

COSL CEO Comments on Middle East Impact and Business Strategy

CLSA Raises Target Price for CNOOC Services to HKD 10.8

Citi Publishes Report on CNOOC Oilfield Services

CHINA OILFIELD released FY2025 Q4 earnings on March 24 After-Market (BJT), actual revenue HKD 17.16 B, actual EPS HKD 0.149 (forecast EPS HKD 0.0222)

CHINA OILFIELD released FY2025 earnings on March 24 After-Market BJT, actual revenue HKD 54.96 B (forecast HKD 56.44 B), actual EPS HKD 0.8799 (forecast HKD 0.9527)

CNOOC Services Announces a 22.5% Increase in Net Profit for 2025

CNOOC Services Renews $400 Million Guarantees with Bank of China

CHINA OILFIELD to release FY2025 earnings on March 24 After-Market (BJT), forecast revenue HKD 57.53 B, EPS HKD 0.9711

COSL Singapore Capital to Issue RMB 5 billion Guaranteed Bonds

CNOOC Oilfield Services Issued 5 Billion Yuan Guaranteed Bonds at 1.95 Percent Rate

COSL Singapore Capital Ltd. Proposes to Issue International Notes

BofA Securities Upgrades CNOOC Services Rating to Buy

SYNERTONE

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Yesterday, China Oilfield Services' stock price closed at HKD 7.35, with a trading volume of approximately HKD 310 million, indicating strong investor interest in the oil service sector. The MACD daily line formed a golden cross above the zero axis, providing a strong bullish signal for the market, and the upward trend is expected to continue. Overall, as oil price fluctuations stabilize, the signals of industry recovery are becoming increasingly strong. Recently, the global demand for oil and gas resources has been rising, and China's oil and gas exploration and development efforts have intensified, driving growth opportunities for related oilfield service companies. As a backbone of the domestic oil service industry, China Oilfield not only maintains competitiveness in equipment upgrades and technological innovation but also plans to accelerate strategic transformation, aiming to achieve success in the international market. On the technical side, with the formation of bullish moving averages and improving indicators, the stock price is expected to break through mid-term resistance, and the gradual release of trading volume also provides supportive momentum for price strengthening. This allows for further bullish outlook expansion, with confidence in the trading phase endorsed by the holding period. In terms of risk factors, close attention should be paid to the fluctuations in oil and gas prices in domestic and international markets, the international oil and gas layout, and the impact of supporting policies on the overall direction of the industry. Additionally, the heat of investment may lead to increased volatility in individual stocks within the sector, affecting subsequent performance. This article provides only technical analysis and market information for reference and does not constitute any investment advice. The market carries uncertainties, and investors should make independent decisions based on their own circumstances

Technical Forecast

CNOOC

CNOOC-R

Pre-market trend | CHINA OILFIELD (2883.HK) 5/11 Oil service sector shows vitality, equipment investment growth?

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Yesterday's closing, CHINA OILFIELD had a trading volume of approximately HKD 57.47 million, which is considered relatively active in the oil service sector. The MACD daily line formed a golden cross above the zero axis, indicating that the previous upward trend has regained bullish momentum after consolidation, with phase buying gradually increasing. From recent trends, the stock price has maintained above the short-term moving average, showing a generally strong posture. On the news front, the energy sector has recently received strong catalysts from geopolitical factors

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COSL

Pre-market trend | CHINA OILFIELD (2883.HK) on May 11, the oil service sector is surging with hidden currents, is the trend likely to continue?

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China Oilfield Services Limited has scheduled its 2025 Annual General Meeting for May 22, 2026, in Hebei Province. Shareholders will vote on the approval of audited financial statements, profit distribution, and the reappointment of auditors. The agenda includes extending US dollar loans with parent guarantees and a mandate for issuing up to 20% of existing H shares, which may enhance funding flexibility. The stock is currently rated a Buy with a target price of HK$10.80.

Tip Ranks

China Oilfield Services Sets 2025 AGM to Approve Financials, Guarantees and H-Share Issuance Mandate

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The three major A-share indices declined at midday, with the Shanghai Composite down 0.07%, Shenzhen Component down 0.4%, and ChiNext down 0.5%. Tourism stocks weakened significantly, while WUXI APPTEC surged to its limit-up after reporting a 26.7% YoY increase in net profit. Other notable movements included GF Securities rising 6.9% and various chip stocks showing mixed results. The central parity of RMB against USD was set at 6.8589, with the People's Bank of China injecting RMB38.5 billion through reverse repos.

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Three Major A-share Indices Edge Down at Midday; Tourism Stocks Weaken; WUXI APPTEC  Limit Up Against Market on Strong Results

In a report released on April 23, from Citi maintained a Buy rating on China Oilfield Services, with a price target of HK$11.60. The company’s shares closed last Wednesday at HK$9.25.Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, the analyst consensus on China Oilfield Services is a Moderate Buy with an average price target of HK$11.83.

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi Remains a Buy on China Oilfield Services (CHOLF)

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China Oilfield Services Sets Board Meeting to Approve First-Quarter 2026 Results

China Oilfield Services Sets Board Meeting to Approve First-Quarter 2026 Results

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CNOOC Extends Shareholding Increase Plan in China Oilfield Services to 2027

CHINA OILFIELD(02883.HK)

Pre-market trend | CHINA OILFIELD (2883.HK) 5/11 Oil service sector shows vitality, equipment investment growth?

Pre-market trend | CHINA OILFIELD (2883.HK) on May 11, the oil service sector is surging with hidden currents, is the trend likely to continue?

China Oilfield Services Sets 2025 AGM to Approve Financials, Guarantees and H-Share Issuance Mandate

Three Major A-share Indices Edge Down at Midday; Tourism Stocks Weaken; WUXI APPTEC Limit Up Against Market on Strong Results

Citi Remains a Buy on China Oilfield Services (CHOLF)

China Oilfield Services Sets Board Meeting to Approve First-Quarter 2026 Results

CNOOC Extends Shareholding Increase Plan in China Oilfield Services to 2027