CTPETCH@EC2701A

AOM INT'L

KO YO GROUP

MABPHARM-B

MOST KWAI CHUNG

CHINA ORAL IND

BRIGHT SMART

CCT FORTIS

EASY SMART GP

CEN PLAZA HOTEL

SMART DIGI TECH

600938

00857

00883

601857

Goldman Sachs is optimistic about China's three major oil and gas giants, believing their valuations will align with global peers. The report points out that CNOOC and PETROCHINA have strong cash flow performance, with significant valuation discounts. Goldman Sachs raised the target price for CNOOC from HKD 21.10 to HKD 31.00, and the target price for PETROCHINA's H shares from HKD 8.60 to HKD 11.50. CNOOC's free cash flow breakeven oil price is USD 27 per barrel, and it is expected to have a free cash flow yield of 11% in 2027

- Goldman Sachs reports that China National Offshore Oil Corporation (CNOOC) and China Petroleum's strong cash flow generation may drive their valuations closer to global peers, despite significant current discounts.  
- CNOOC's target price has been raised to HKD 31.00, reflecting a substantial increase, while China Petroleum's targets have also been adjusted, suggesting long-term cost reductions through green energy and AI initiatives.  
- Conversely, Goldman maintains a neutral rating on Sinopec due to oversupply in the chemical sector impacting free cash flow, highlighting the potential risks in high oil price environments.

Wallstreetcn

CNOOC

PETROCHINA

Goldman Sachs is bullish on the "Three Oil Giants": A wave of "valuation aligning with global standards" revaluation is expected next!

563150

00386

561360

516570

561760

159309

01033

600028

159731

603619

China Oil Refiners Cancel New, Agreed-Upon Fuel Export Contracts Amid Middle East Conflict

marketscreener

Yinhua CSI Oil & Gas Resources ETF

SINOPEC CORP

Guotai CSI Oil & Gas Industry ETF

E Fund CSI Petrochemical Industry ETF

Bosera CSI Oil & Gas Resources Index ETF

China Universal CSI Oil & Gas Resources ETF

SINOPEC SSC

Sinopec Corp.

Huaan CNI Oil&Gas ETF

CNI Oil&Gas

ChinaAMC CSI Petrochemical Industry ETF

ZPEC

China Oil Refiners Cancel New, Agreed-Upon Fuel Export Contracts Amid Middle East Conflict

CRAK

Abu Dhabi National Oil Company has reduced the crude oil supply from its onshore partners by approximately 20%, notifying equity partners that the March allocation for Murban crude oil will only allow for 80% extraction. Due to transportation disruptions, some buyers' orders from the Middle East have been forced to cancel. Abu Dhabi National Oil Company holds a 60% stake in the onshore concession, with the remaining shares held by Total, BP, PetroChina, Japan's INPEX, and Zhenhua Oil

AASTOCKS

BP p.l.c. ADRhedged

SPDR O&G Ex & Prd

VanEck Oil Refiners ETF

CHK OIL

iShares US Oil Equip & Svcs

SPDR O&G Equip

VG Energy

SPDR Energy Select

BP PLC-Spons

iShares US Oil & Gas Expl & Prod

According to reports, the UAE will reduce the onshore crude oil transportation volume of its partners by 20%

SHEL

Adnoc cut the volume of crude for its onshore partners by about a fifth for this month - Bloomberg News

United States Oil Fund LP

GLOBAL X MLP & Energy Infra

Global X MLP

First Trust North American Energy Infra Fd

Invesco Energy Exploration & Production ETF

VanEck Oil Services ETF

ISHRS S&P Glb Engy

Alerian Energy Infrastructure ETF

Shell plc ADRhedged

Shell

Adnoc cut the volume of crude for its onshore partners by about a fifth for this month - Bloomberg News

The Hong Kong stock market opened lower, with the Hang Seng Index down 133 points to 25,583 points. Technology stocks showed mixed performance, with Tencent opening flat and Alibaba down 0.2%. Oil and coal stocks rose, with PetroChina and CNOOC opening up 1.2% and 1.4%, respectively. Market expectations for interest rate cuts have weakened, leading to a 1% drop in gold prices

CHINA OILFIELD

CHINA BLUECHEM

Hang Seng Index

OOIL

TRACKER FUND

ISHARESHSI

FL2 CSOP HSI

China Universal CSI Hong Kong Connect High Dividend Yield Investment ETF

Huaan Hang Seng HK Equities China Central SOE Dividend ETF

FI2CAMNDQ100

FI2 CSOP HSI

CSOP HSI ETF

CSOP HS TECH

"Hong Kong Stocks" The Hang Seng Index opened 133 points lower, OOIL fell 3% after earnings, oil stocks and coal stocks rose

Chinese government rejects Sinopec's request to tap 95 mln bbls of national commercial reserve, sources say

Chinese government rejects Sinopec's request to tap 95 mln bbls of national commercial reserve, sources say

002828

CSUAY

The Hang Seng Index fell 318 points to 25,579 points, the National Index dropped 63 points, and the Hang Seng Tech Index decreased by 60 points. International oil prices rose, with energy stocks such as PetroChina and CNOOC increasing by 2.4% and 3.4%, respectively. Coal stocks like China Shenhua rose by 3.1%, but coal equipment stock SANY International fell by 6.4%. Real estate stocks were pressured by inflation concerns, with Henderson Land and New World Development dropping by 3% to 3.5%. The total market turnover for the half-day was HKD 131.003 billion

BEIKEN

China Shenhua Energy

CHINA SHENHUA

TG SMART ENERGY

Hwabao WP CSI 800 Real Estate ETF

Yinhua CSI Interior Real Estate Theme ETF

China Southern CSI All Share Real Estate ETF

ChinaAMC CSI All Share Real Estate ETF

"Hong Kong Stocks" Hang Seng Index drops 318 points in half a day, energy stocks surge while real estate stocks are under pressure

IEA to Unleash Record 400 Million Barrels of Oil from Reserves

Tip Ranks

Us Brent Oil

IEA to Unleash Record 400 Million Barrels of Oil from Reserves

600688

The main contract for paraxylene (PX) has increased by 12% during the day, currently reported at 10,136 yuan/ton

HLSH

Penghua CSI Subdivision Chemical Industry Theme ETF

EASTERN SHENGHONG

SLCT

Guotai CSI Subdivision Chemical Industry Theme ETF

Hwabao WP CSI Subdivision Chemical Industry Theme ETF

TKGF

HYPC

RSPC

002490

The three major A-share indices opened slightly higher, with the Shanghai Composite Index at 4,123 points, the Shenzhen Component Index at 14,373 points, and the ChiNext Index at 3,281 points. The central parity rate of the RMB against the USD was reported at 6.8917, reaching a nearly three-year high. International oil prices continued to decline, and the three major oil companies opened lower. Shandong Molong fell by 7.8%. Tongwei Co., Ltd. plans to acquire 100% equity of Lihau Qingneng, and its shares opened 3.1% higher upon resumption. Changling Hydraulic received a tender offer to acquire 12% equity, and its shares opened 5.6% higher upon resumption

Shandong Molong

Tongwei Co.,Ltd

Changling Hydraulic

SHANDONG MOLONG

The three major indices of the A-shares in Shanghai and Shenzhen opened slightly higher, the three oil giants have not stopped falling, and Shandong Molong dropped 7.8%

XOMX

- A growing number of Southeast Asian refineries, reliant on Middle East oil, have reduced output due to the U.S.-Israeli war affecting crude availability.  
- Malaysia’s Pengerang Refining Co has shut a 300,000-barrel-per-day unit, while Singapore Refining Co and ExxonMobil have also lowered refinery runs due to delivery delays.  
- The ongoing conflict has led to significant disruptions in crude shipments through the Strait of Hormuz, prompting several refineries to halt operations and declare force majeure amid tight feedstock supplies.

Reuters

Direxion Daily XOM Bull 2X Shares

Exxon Mobil

REFILE-CORRECTED-Southeast Asian refineries curb output as war-tightened crude supply bites

Fearing Western sanctions, China's oil giants suspend seaborne Russian oil purchases

S&P 500

PetroCN HK SDR 1to2

Oil control

CTPETCH@EC2701A(27215.HK)

Goldman Sachs is bullish on the "Three Oil Giants": A wave of "valuation aligning with global standards" revaluation is expected next!

China Oil Refiners Cancel New, Agreed-Upon Fuel Export Contracts Amid Middle East Conflict

According to reports, the UAE will reduce the onshore crude oil transportation volume of its partners by 20%

Adnoc cut the volume of crude for its onshore partners by about a fifth for this month - Bloomberg News

"Hong Kong Stocks" The Hang Seng Index opened 133 points lower, OOIL fell 3% after earnings, oil stocks and coal stocks rose