BPPETCH@EC2702A

Kunlun GONGRONG Dianhang Strategic New Fund Partnership Established

BOCI Raises PetroChina Target Price to HKD12.85 and Maintains Buy Rating

BOC International Raises Profit Forecast for CNOOC 2026-2028

HSBC Research Maintains Buy Rating and Upgrades Target Price for PetroChina H Shares

China Everbright Securities Publishes Report Analyzing PetroChina's Q1 2026 Earnings at New High

China Authorizes State-owned Refiners to Export 5 Million Tons of Fuel to Alleviate Supply Issues

CLSA Reports: PetroChina's First Quarter Performance Robust, Stronger Q2 Growth Expected

China National Petroleum Corporation Holds Meeting to Emphasize Supply Security and External Challenges

China National Petroleum Corporation Q1 2026 Net Profit Grows Amid Revenue Decline

PetroChina released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue HKD 834.87 B (forecast HKD 889.34 B), actual EPS HKD 0.2993 (forecast HKD 0.3061)

State-owned oil firms seek to resume fuel exports

CNPC LNG receiving station cumulative output exceeds 100 billion cubic meters

China National Petroleum Reports Record-Breaking 2025 Annual Report

PETROCHINA to Release FY2026 Q1 Earnings on April 29 During-Market (BJT), Forecast Revenue HKD 892.33 B, EPS HKD 0.306

DBS Upgrades CNPC Earnings Forecast and Maintains Buy Rating

First Shanghai Securities and DBS Maintain Buy Rating for PetroChina

Kela 2-5 Well in Tarim Oilfield of PetroChina Exceeds 100 Billion Cubic Meters of Natural Gas Production

China National Petroleum Corporation 增持中国石油股票

HTI Publishes Forecast and Valuation Report on PetroChina's Future Performance

China National Petroleum Supplies UAE Crude Oil to Singapore Refinery to Compensate for Shortage Caused by Iran War

EASYHOLD GROUP

RONGZUN INT’L H

ASIA PIONEER

SFSY NEW MAT

HAITIAN ANTENNA

CENTRALCHINA MT

160 HEALTH

TOMO HOLDINGS

HENGDELI

WT GROUP

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00857

BABX

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The Hong Kong stock market has seen gains of over 770 points or 2.8% recently, with the Hang Seng Index currently above 26,625 points. However, a soft start is anticipated due to global market trends and profit-taking amid Middle East conflict uncertainties. On Thursday, the index rose by 412.50 points (1.57%) to close at 26,626.28, driven by financial and technology stocks. Notable movements included Alibaba up 4.99% and PetroChina down 8.48%. The outlook remains cautious as U.S. markets showed weakness, impacting Asian bourses.

nasdaq

PETROCHINA

BABA 2x Long Daily ETF - GraniteShares

CSOP HSI ETF

BABA-W

Alibaba

Lower Open Called For Hong Kong Shares

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BIREN TECH(06082) rose 14.8%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 198.7%. MONTAGE TECH(06809) rose 11.19%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 234.5%. PETROCHINA(00857) fell 8.48%, with a trading turnover 3.4 Billion HKD, and a year-to-date rose 27.6%. YANKUANG ENERGY(01171) fell 6.73%, with a trading turnover 974.1 Million HKD, and a year-to-date rose 52.8%.

Top Gainers&Losers

BIREN TECH

MONTAGE TECH

TECHTRONIC IND

SWIRE PACIFIC B

HUA HONG SEMI

YANKUANG ENERGY

CNOOC

CHINA COAL

CHINA SHENHUA

Top 5 HK Stock Gainers/Losers (>100B) (5.7)

01333

01440

02465

00568

00861

02579

02940

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BRETON(01333) fell 17.52%, with a trading turnover 138.9 Million HKD, and a year-to-date fell 36.5%. STAR SHINE HLDG(01440) fell 15.39%, with a trading turnover 42.7 Million HKD, and a year-to-date rose 76.9%. LOPAL TECH(02465) fell 9.68%, with a trading turnover 512.7 Million HKD, and a year-to-date rose 50.6%.

BRETON

STAR SHINE HLDG

LOPAL TECH

SHANDONG MOLONG

DC HOLDINGS

CNGR

WELLCELL HOLD

PRODUCTIVE TECH

Top 10 HK Stock Losers (5.7)

00386

600028

EMLP

The US and Iran have reportedly agreed to gradually reopen the Strait of Hormuz, leading to a relaxation of the US maritime blockade. This development caused international oil prices to drop nearly 3%, with Brent and New York oil futures at USD98.46 and USD92.52 per barrel, respectively. Consequently, shares of major HK-listed oil companies fell sharply, with PETROCHINA down over 8%, CNOOC down nearly 6%, and SINOPEC down about 1.5%.

AASTOCKS News

SINOPEC CORP

Sinopec Corp.

First Trust North American Energy Infra Fd

PetroCN HK SDR 1to2

CNOOC-R

US, Iran Purportedly Forge Consensus to Free Stranded Vessels in Strait; PETROCHINA Dives 8%+

PetroChina's stock fell over 7% amid a significant drop in oil prices, which plummeted by more than 10% due to market optimism regarding a potential US-Iran peace agreement. The stock hit an intraday low of HKD10.71 before closing at HKD10.85, down 7.1%. Other oil companies like CNOOC and Sinopec also experienced declines. In contrast, airline stocks such as Cathay Pacific and Air China saw gains of around 4.5% to 4.6%.

PETROCHINA  Extends Afternoon Losses to Over 7%; YANKUANG ENERGY Slumps 7%

On the afternoon of May 7th, the three major indices of the Hong Kong stock market continued their strong upward trend, with the Hang Seng Tech Index leading the market with an increase of over 3%. The AI wave continues to ferment, with Tencent's impressive large model data driving the tech sector's weights to strengthen across the board, and Kuaishou soaring nearly 8%; NVIDIA's increased investment in the optical supply chain, combined with the upward revision of storage chip valuations, catalyzed a strong rally in the semiconductor and optical fiber cable sectors. Conversely, traditional energy stocks such as oil and gas and coal suffered significant declines due to the impact of rising expectations for a ceasefire in the Middle East, leading to a drop in international oil prices

Market Pulse

TRACKER FUND

HSCEI ETF

KUAISHOU-W

TENCENT

BIDU-SW

MEITUAN

SMIC

XL2CSOPHYNIX

XL2CSOPSMSN

Samsung Electronics 

YOFC

KB LAMINATES

FIT HON TENG

NVIDIA

Lumentum

Coherent Corp.

Corning

POP MART

CATL

KUAISHOU-WR

BABA-WR

Alibaba HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Hua Hong

Montage Technology

BIDU-SWR

Baidu

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

SMIC HK SDR 5to1

Samsung Electronics Co., Ltd. Sponsored GDR

NVIDIA Corporation

CSEC/China Shenhua

POP MART HK SDR 20to1

CATL HK SDR 30to1

Hong Kong stocks intraday | Technology stocks collectively strengthen, oil and gas stocks fall against the trend, semiconductor sector leads in gains

On May 7th, during the Hong Kong stock market session, the three major indices collectively surged, with the Hang Seng Tech Index leading the market with a 2.67% increase. Boosted by the strong performance of U.S. tech stocks overnight and the progress of AI commercialization, tech giants rallied across the board, with Kuaishou soaring nearly 7% and Alibaba and Baidu rising over 4%. Meanwhile, the photovoltaic sector collectively rose due to expectations of profit recovery, and insurance and real estate stocks also performed well. In contrast, the traditional energy sector faced pressure, as expectations of easing geopolitical tensions in the Middle East led to a significant withdrawal of oil risk premiums, causing oil, gas, and coal stocks to decline sharply against the trend

- Hong Kong's stock market showed positive momentum, with major indices rising collectively; the Hang Seng Index increased by 1.45% to 26,593.49 points.  
- Notable stock performances included Kuaishou, which rose 6.80%, and Alibaba, which gained 4.55%.  
- Despite strong gains in technology and solar sectors, energy stocks fell sharply amid a decline in global crude oil prices, with Brent crude dropping 7.83% to $101.27 per barrel.

LB Select

Hong Kong stocks intraday | Technology stocks lead the Hang Seng Index up nearly 2%, oil, gas, and coal stocks weaken due to the US-Iran talks

Haitong International's report on PETROCHINAindicates steady profit growth in Q1, with a net profit of RMB48.333 billion, up 1.9% YoY. Revenue was RMB736.383 billion, down 2.2% YoY. The broker forecasts net profits for 2026-2028 at RMB201.62 billion, RMB186.99 billion, and RMB200.11 billion, respectively, with a target price of HKD13.6 and an Outperform rating. The average realized crude oil price was USD64.08 per barrel, down 8.5% YoY.

Haitong International: PETROCHINA  1Q Results Show Steady Profit Growth, TP HKD13.6

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00027

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ILUVATAR COREX(09903) rose 20.22%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 287.3%. MINIMAX-W(00100) rose 12.62%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 386.7%. AKESO(09926) fell 5.89%, with a trading turnover 924.7 Million HKD, and a year-to-date rose 13.1%. GALAXY ENT(00027) fell 2.83%, with a trading turnover 688.9 Million HKD, and a year-to-date fell 15.9%.

ILUVATAR COREX

MINIMAX-W

WEICHAI POWER

KNOWLEDGE ATLAS

AKESO

GALAXY ENT

SIGENERGY

Top 5 HK Stock Gainers/Losers (>100B) (5.4)

BOCI has raised its target price for PETROCHINAto HKD12.85 and maintained a Buy rating. The company reported a 2% YoY increase in net profit to RMB48.3 billion in Q1 2026, with downstream segments showing profit growth, although upstream earnings declined due to lower oil prices. BOCI expects profit growth in Q2 2026, driven by increased upstream earnings, and has adjusted its earnings forecasts for 2026-2028 upwards by 4% to 6%.

BOCI Raises PETROCHINA  TP to HKD12.85, Lifts Earnings Forecasts

BPPETCH@EC2702A(28986.HK)