HU-COSL@EC2611A

SFSY NEW MAT

IMPERIUM FIN GP

XUNCE

PETRO-KING

SUNWAY INT'L

WANJIAGROUP RTS

MIRICOR

JINYUAN HCHEM

SKYMISSION GP

CARSGEN-B

02883

601808

600938

00883

Fitch Rates China Oilfield Services A- on Parent's Support Incentive

marketscreener

CHINA OILFIELD

COSL

CNOOC

Fitch Rates China Oilfield Services A- on Parent's Support Incentive

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Asian energy stocks surged as oil prices soared past $100 a barrel amid escalating Middle East conflict, raising concerns over supply disruptions. Major companies like Cnooc, PetroChina, and Sinopec saw significant gains in both mainland and Hong Kong markets. Investors are reacting to potential lasting damage to energy infrastructure, particularly in the Strait of Hormuz, which is crucial for global oil transport. Analysts warn that prolonged conflict could severely impact global oil supply, affecting net oil-importing Asian economies.

MorningStar

SINOPEC N4704

CNOOC F03 N3305

CNOOC F13 N4305

SINOPEC N3005

SINOPEC CORP

Sinopec Corp.

SINOPEC N2911

PETROCHINA

SINOPEC SSC

CNOOC F13 N2909

Asian Energy Stocks Surge, Mirroring Oil Prices as Mideast Conflict Grows

Fitch Ratings has assigned a long-term local currency issuer default rating of "A-" to CHINA OILFIELD SERVICES, with a "stable" outlook. At the same time, the RMB-denominated offshore secured bonds proposed to be issued by COSL Singapore Capital Ltd. also received an "A-" rating, with the bonds guaranteed by COSL. CHINA OILFIELD SERVICES plans to use the raised funds for refinancing existing debt and general corporate purposes. The rating of CHINA OILFIELD SERVICES is closely linked to the assessment results of its parent company CNOOC

AASTOCKS

Fitch assigns COSL a local currency issuer rating and a proposed bond rating of "A-"

03983

The ongoing US-Iran conflict has caused significant disruptions in global energy markets, leading to a 24% surge in Brent crude prices. Goldman Sachs identifies two Chinese energy companies, CNOOC and PetroChina, as top investment opportunities amid this volatility. CNOOC, focused on exploration and production, is expected to benefit from rising oil prices, while PetroChina's integrated operations position it well to manage supply uncertainties. Both companies are seen as strong candidates for investors looking to hedge against geopolitical risks and capitalize on potential cash flow growth.

Invezz

CHINA BLUECHEM

Two must-own China stocks poised to rally on higher oil prices

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09888

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As of noon on March 9, 2026, all three major indices of the Hong Kong stock market fell, with the Hang Seng Index down 2.55% and the Technology Index down 2.34%. The oil and gas exploration sector strengthened against the trend due to rising oil prices, with CNOOC rising 6.99% leading the trading volume. The internet and retail sectors were generally under pressure, with market risk appetite clearly declining and overall market sentiment being cautious

- As of March 9, 2026, Hong Kong's major stock indices faced pressure, with the Hang Seng Index falling 2.55% to 25,101.16, and other indices similarly declined.  
- The oil and gas exploration sector gained, with CNOOC up 6.99%, while tech stocks like Tencent and Baidu experienced losses due to high valuation pressures.  
- Investor sentiment remains cautious, heavily influenced by external economic changes, as trading activity focuses on defensive sectors despite overall weak market conditions.

Market Heartbeat

TENCENT

BIDU-SW

KUAISHOU-W

BABA-W

MNSO

UNITEDENERGY GP

KINGSOFT CLOUD

MENGNIU DAIRY

YANCOAL AUS

Hong Kong Stock Market Mid-Review | Hang Seng Index down 2.55%, CNOOC up 6.99%

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On March 9th, during intraday trading of Hong Kong stocks, the three major indices collectively fell, with the Hang Seng Index dropping over 3.1% and falling below the key level of 25,000 points. Overall market sentiment was weak, with the internet and retail sectors leading the decline, and core stocks such as Alibaba and Baidu showing significant losses. In stark contrast, the oil and gas exploration sector surged across the board, with CNOOC rising over 6%, and many industry stocks recording significant gains, indicating a clear intention for capital to seek safety

- As of March 9, major indexes in Hong Kong have collectively declined, with the Hang Seng Index down 3.13% to 24,950.56 points, failing to surpass previous highs.  
- The oil and gas exploration sector rose significantly, with China National Offshore Oil Corporation increasing by 6.46%, while tech stocks like Baidu fell by 5.36%.  
- Overall market sentiment is weak, with investor risk appetite decreasing amid uncertain macroeconomic conditions, affecting liquidity and economic outlook.

JD-SW

HSBC HOLDINGS

Hong Kong Stock Market Update | The Hang Seng Index falls below 25,000 points, while the oil and gas sector rises against the trend by over 6%

China Oilfield Services announced that its indirect wholly-owned subsidiary COSL Singapore Capital Ltd. intends to conduct an international offering of notes to professional investors outside the United States in accordance with the Securities and Futures Ordinance S regulations through offshore transactions. The company stated that it will unconditionally and irrevocably guarantee the notes. The notes will not be offered to the public in Hong Kong. The company indicated that the net proceeds will primarily be used to repay its existing debts and for general corporate purposes

The subsidiary of CHINA OILFIELD plans to issue offshore notes for debt repayment and general corporate purposes

China Oilfield Services (HK:2883) plans to issue international guaranteed notes through its subsidiary COSL Singapore Capital, targeting professional investors outside the U.S. The proceeds will primarily refinance existing debt and support general corporate purposes. The notes have received in-principle listing eligibility from the Hong Kong Stock Exchange, but the issuance is subject to market conditions. The company aims to enhance its capital structure while complying with PRC regulations. Analysts rate the stock as a Buy with a price target of HK$10.00.

Tip Ranks

China Oilfield Services Plans International Guaranteed Note Issue for Debt Refinancing

China sets crude annual output target at 200 mln tons for next five years

ZPEC

China sets crude annual output target at 200 mln tons for next five years

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In the morning session, the shipping sector fell sharply, with nearly 10 stocks including COSCO SHIPPING Energy, Cosco Shipping Specialized, CMES, COSCO SHIPPING Development, Lianyungang Port, and Phoenix Shipping hitting the daily limit down, while Air China Cargo once dropped nearly 30%. The precious metals concept collectively weakened, with SC GOLD hitting the daily limit down, Xiaocheng Technology dropping over 10%, ZHAOJIN GOLD opening at the daily limit down price, and WESTERN REGION GOLD, Hunan Gold, Hunan Silver, CHIFENG GOLD, and SD GOLD opening significantly lower

- A-shares opened lower and fell, with major indices collectively declining, influenced by the "three barrels of oil" stocks hitting the limit down.  
- The ongoing turmoil in the Middle East has heightened market inflation fears, impacting gold and oil prices significantly, while certain sectors like power equipment strengthened due to policy stimulus.  
- The bond market showed a broad rally in government futures, alongside varied performance in domestic commodity futures, reflecting a mixed but generally negative market sentiment.

Wallstreetcn

CMES

SC GOLD

COSCO SHIP DEV

KNOWLEDGE ATLAS

WESTERN REGION GOLD

Lianyungang Port

Cosco Shipping Specialized

COSCO SHIPPING Energy

ZHAOJIN MINING

SD GOLD

SD-GOLD

CHIFENG GOLD

COSCO SHIPPING Development

COSCO SHIP ENGY

Hunan Gold

ZHONGJIN GOLD

ChinaAMC Gold ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

A DOO AI

MEITUAN

The ChiNext index fluctuated and rose, the "three oil giants" briefly hit the limit down at the beginning of trading, memory stocks surged, the Hang Seng Index turned positive, and the large model stock KNOWLEDGE ATLAS surged strongly

China Oilfield Services Says No Material Events Behind Recent Stock Surge; Hong Kong Shares Slide 7%

China Oilfield Services Says No Material Events Behind Recent Stock Surge; Hong Kong Shares Slide 7%

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China's major oil companies, including PetroChina, Cnooc, and Sinopec, issued trading alerts after their stocks surged due to the escalating Middle East conflict affecting oil supply. PetroChina reported a 20% increase in share price over three sessions, while oil prices rose significantly, with Brent crude reaching $82.54 a barrel. However, following the alerts, shares of these companies fell sharply, with PetroChina down 3.65%, Sinopec down 6.8%, and Cnooc down 4.0%. Analysts warn that prolonged conflict could drive oil prices to $100 a barrel and increase global inflation.

HU-COSL@EC2611A(26686.HK)

Fitch Rates China Oilfield Services A- on Parent's Support Incentive

Asian Energy Stocks Surge, Mirroring Oil Prices as Mideast Conflict Grows

Fitch assigns COSL a local currency issuer rating and a proposed bond rating of "A-"

Two must-own China stocks poised to rally on higher oil prices

Hong Kong Stock Market Mid-Review | Hang Seng Index down 2.55%, CNOOC up 6.99%