Yinhua CSI Oil & Gas Resources ETF

Jilin Governor Hu Yuting Meets CNPC Chairman Dai Houliang to Discuss Deepening Cooperation in Green Energy and Other Fields

COSCO SHIPPING Energy Transporting to Lease 4 VLCCs for 60-63 Months with Rental of approx. 2.7 Billion RMB

Sinopec Launches Domestic 'Aipao 103' Racing Fuel Filling High-Performance Gap

CNOOC Hainan Branch Builds Largest Offshore Gas Field, Annual Oil & Gas Output Exceeds 10 Million Tonnes

COSCO Shipping Two Vessels Successfully Pass Through Strait of Hormuz

Sinopec Achieves Major Breakthrough in Shale Gas Exploration in Sichuan Basin

Kunlun Tongzhou Bay Strategic New-Economy Equity Investment Fund Established, with a Capital of 1 Billion Yuan

Saudi Aramco Trading and ADNOC Successfully Transfer Oil Cargo through Strait of Hormuz

CNOOC Boosts Offshore Output and Reopens Huizhou Steam Cracking Unit

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

BOC International Upgrades Sinopec Stock Target Price and Adjusts Brent Oil Forecast

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

JPMorgan Upgrades CNOOC EPS Forecast and Maintains Rating

CLP and CNOOC Sign Memorandum to Deepen Energy Cooperation

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563150

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Iran war energy shock drives interest in ethanol and other biofuels across hard-hit Asia

Barchart Option

Guotai CSI Oil & Gas Industry ETF

E Fund CSI Modern Agriculture Theme ETF

ChinaAMC CSI Petrochemical Industry ETF

Hwabao WP CSI All Share Agriculture, Animal Husbandry and Fishery Products ETF

WisdomTree, Inc.

First Trust Indxx Global Agri

Fullgoal CSI Agriculture Theme ETF

iShares MSCI Agriculture Producers ETF

VanEck Agribusiness ETF

E Fund CSI Petrochemical Industry ETF

Invesco DB Agriculture FD ETF

China Universal CSI Oil & Gas Resources ETF

Iran war energy shock drives interest in ethanol and other biofuels across hard-hit Asia

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On May 12, the Hong Kong stock market fluctuated lower, with all three major indices closing in the red. The Hang Seng Tech Index fell by 0.70%. Affected by concerns over AI infrastructure costs and a "memory tax," the memory chip sector plunged collectively, with related ETFs dropping more than 6%. In contrast, Hengrui Medicine, catalyzed by a blockbuster $15.2 billion BD agreement, and oil and gas resource stocks, supported by risk-aversion sentiment, performed actively. Trends among tech heavyweight stocks diverged; Tencent topped the turnover list but saw its share price decline

Market Pulse

PETROCHINA

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

E Fund CSI Semiconductor Material & Equipment Thematic ETF

Bosera CSI Oil & Gas Resources Index ETF

Harvest SSE STAR Chip ETF

Guotai CES Semiconductor Chip Industry ETF

Guotai CSI All Share Integrated Circuit ETF

Harvest CSI All Share Integrated Circuit ETF

China Merchants CSI Semiconductor Industry ETF

Hang Seng Index

Hang Seng China Enterprises Index

Hang Seng TECH Index

TENCENT

KUAISHOU-W

NTES-S

XL2CSOPHYNIX

XL2CSOPSMSN

SMIC

HUA HONG SEMI

ZIJIN MINING

Zijin Mining

HENGRUI PHARMA

Hengrui Pharma

Bristol Myers Squibb

CNOOC

CMOC

MEITUAN

BABA-W

Alibaba

BIDU-SW

Baidu

BANK OF CHINA

Bank Of China

YOFC

CHINA RES LAND

NUOBIKAN

DEEPEXI TECH

XIAOMI-W

MONTAGE TECH

HSCEI ETF

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

KUAISHOU-WR

NetEase

SMIC HK SDR 5to1

Hua Hong

PetroCN HK SDR 1to2

Bristol-Myers Squibb Company

CNOOC-R

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

BABA-WR

Alibaba HK SDR 5to1

BIDU-SWR

BOC HONG KONG

Bank of China

AIA-R

AIA Group

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

Montage Technology

HK Stocks Close | All Three Major Indices Fall, Resources and Pharma Stocks Buck the Trend, Memory Chip Sector Plunges

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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

Technical Forecast

SINOPEC CORP

CHINA OILFIELD

Sinopec Corp.

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?

CHK Oil Limited has extended its memorandum of understanding with Aral Petroleum Capital LLP for an additional six months, now set to expire on 11 November 2026. This extension allows for further due diligence on oilfields and negotiations for potential cooperation. Although the exclusivity clause has lapsed and the agreement remains non-binding, it keeps the door open for a future formal agreement. Shareholders are advised that there is no guarantee of a binding deal. CHK Oil is focused on acquiring and developing oilfield assets in key regions.

Tip Ranks

iShares US Oil & Gas Expl & Prod

SPDR O&G Equip

VanEck Oil Services ETF

SPDR O&G Ex & Prd

iShares US Oil Equip & Svcs

ISHRS S&P Glb Engy

Invesco Oil & Gas Services ETF

SPDR Energy Select

CHK OIL

CHK Oil Extends Aral Petroleum Cooperation Talks as Exclusivity Lapses

SHEH

Britain's Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.

Shell plc ADRhedged

Shell PLC

Shell

Royal Dutch Shell Plc Class B

Oil giant Shell tops quarterly profit estimates as Iran war drives price surge

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Chinese airlines have maintained domestic fuel surcharges in May due to price controls, despite rising international fees and some flight suspensions. The lack of adjustments follows significant increases in April, with surcharges remaining below historic highs. While domestic jet fuel prices are expected to rise, Sinopec has not changed its ex-factory price this month. In contrast, international airlines are increasing surcharges, with some cutting flights due to higher costs. Overall, 19 of the top 20 global airlines have reduced their May flight schedules, reflecting the impact of rising fuel prices on demand.

Yicai

Guotai CSI Subdivision Chemical Industry Theme ETF

CHINA SOUTH AIR

China Holds Domestic Air Fuel Surcharges Steady While Int'l Fees Rise

02688

At yesterday's close, the daily MACD for ENN ENERGY showed preliminary bearish signals, interrupting the short-term upward momentum and putting the trend at a crossroads. The total trading volume was approximately HKD 97 million, with thin liquidity indicating insufficient market participation in this stock. As a leading private gas company in China, ENN ENERGY previously experienced a valuation recovery driven by expectations of a rebound in natural gas demand, but the current weakening technical signals suggest that the momentum for a phase rebound may be nearing its end. On a macro level, Hong Kong's GDP in the first quarter saw its strongest growth in nearly five years, with private consumption and exports performing well, providing positive support for the overall Hong Kong stock market. However, for the gas sector, a more critical variable lies in energy price trends. The current situation in the Middle East is complex and volatile—Trump announced a "freedom of navigation" plan for the Strait of Hormuz, and if shipping routes are successfully restored, international oil and gas prices may face downward pressure in the short term. The divergence between the Federal Reserve and the Treasury regarding inflation prospects has also increased the uncertainty surrounding energy price trends. Kashkari warned that geopolitical conflicts could continue to drive up inflation, while Bessenet is optimistic about a post-war decline in oil prices. For ENN ENERGY, fluctuations in gas prices directly affect its procurement costs and the price differential for downstream gas sales, leading to significant uncertainty. From a technical perspective, ENN ENERGY's trading volume is below HKD 100 million, which is considered a medium to low level of activity in the Hong Kong stock market, meaning that short-term price fluctuations are more susceptible to the influence of a few large orders. The bearish signals appeared against a backdrop of shrinking volume; although selling pressure is not heavy, there is also a lack of incremental buying support to drive the stock price upward

ENN ENERGY

ENN Energy Holdings

Pre-market trend | ENN ENERGY (2688.HK) shows weakening trend on May 4th, is the gas sector under pressure?

Frontera Energy Corporation has received a final order from the Supreme Court of British Columbia approving its plan of arrangement with Parex Resources Inc. Under this arrangement, Parex will acquire Frontera's Colombian upstream business, including oil and gas assets, a water treatment facility, and a palm oil plantation. The completion of the arrangement is expected in May 2026, pending the satisfaction of remaining conditions. Frontera emphasizes its commitment to responsible business practices and provides forward-looking statements regarding the transaction's completion and potential risks involved.

Fidelity

FRONTERA OBTAINS FINAL ORDER APPROVING PLAN OF ARRANGEMENT

CRAK

ADES Holding Company has secured a $93 million offshore drilling contract from Nigeria’s Seplat Energy, enhancing its operations in the region. The contract for the “Shelf Drilling Victory” rig spans two years and includes mobilization fees and local partner shares. Operations are set to begin in the second half of 2026, with options for two additional one-year extensions. This deal follows previous contracts with West African Exploration and Production Company, highlighting Nigeria's growing market for drilling due to rising energy demand and increased investment.

Zawya

VG Energy

VanEck Oil Refiners ETF

Direxion Daily Energy Bear 2X

ZAWYA: Saudi-listed ADES bags $93mln offshore drilling contract in Nigeria

SHEL

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US equity futures declined as the Iran-US conflict continues, impacting oil prices. Dow futures fell 0.4%, S&P 500 futures dropped 0.2%, and Nasdaq futures decreased by 0.1%. President Trump announced US assistance for vessels in the Persian Gulf, while Iran warned against US military presence. Oil prices rose, with Brent crude at $111.89 per barrel and WTI at $104.93. Upcoming earnings reports include Palantir, AMD, HSBC, Arm, Shell, and McDonald's. March factory orders are projected to increase by 0.6%.

fidelity

HSPC

BP p.l.c.

Us Brent Oil

Invesco Great Wall CNI Oil&Gas ETF

Us 12 Mth Natural Gas

Pro Ultr Natural Gas

iShares US Energy

First Trust Natural Gas ETF

Dow Jones Industrial Average

S&P 500

NASDAQ-100

Palantir Tech

HSBC

HSBC HOLDINGS

McDonald's

HSBC 5xShortSG241213

HSBC Holdings Plc

US Equity Futures Slip as Middle East Conflict Enters Third Month, Oil Prices Rise

Yinhua CSI Oil & Gas Resources ETF(563150.SH)

Iran war energy shock drives interest in ethanol and other biofuels across hard-hit Asia

HK Stocks Close | All Three Major Indices Fall, Resources and Pharma Stocks Buck the Trend, Memory Chip Sector Plunges

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?

CHK Oil Extends Aral Petroleum Cooperation Talks as Exclusivity Lapses

Oil giant Shell tops quarterly profit estimates as Iran war drives price surge

China Holds Domestic Air Fuel Surcharges Steady While Int'l Fees Rise

Pre-market trend | ENN ENERGY (2688.HK) shows weakening trend on May 4th, is the gas sector under pressure?

FRONTERA OBTAINS FINAL ORDER APPROVING PLAN OF ARRANGEMENT

ZAWYA: Saudi-listed ADES bags $93mln offshore drilling contract in Nigeria

US Equity Futures Slip as Middle East Conflict Enters Third Month, Oil Prices Rise