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On January 26th, Hong Kong stocks closed with mixed results across the three major indices. The Hang Seng Index saw a slight increase, while the Hang Seng Tech Index declined, indicating a divergence in market performance. The gold sector experienced significant capital inflow, driving stocks like ZIJIN MINING to rise sharply. The internet and retail sectors were sluggish, with Alibaba and Meituan showing weak performance. Stocks like FANGZHOU JIANKE and Longbridge saw notable gains, creating localized market hotspots. Overall, defensive and theme-driven sectors attracted capital. Macro attention is focused on liquidity and external trade, with structural investment opportunities still available
The Hang Seng Index closed at 26,765 points, up 16 points or 0.1%. The Hang Seng Tech Index reported 5,725 points, down 72 points or 1.2%. The total market turnover was HKD 261.699 billion. Among the actively traded blue-chip stocks, Xiaomi, Alibaba, Ping An, Tencent, and Meituan experienced varying degrees of ups and downs. Xinyi Solar fell over 5%, while Zijin Mining, CNOOC, Sun Hung Kai Properties, CKH Holdings, and HANG LUNG PPT reached new highs with strong trading volume
In a report released yesterday, from Global Prosperity maintained a Buy rating on CNOOC Limited, with a price target of HK$26.55. The company’s shares closed last Wednesday at HK$22.74.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential CNOOC Limited has an analyst consensus of Strong Buy, with a price target consensus of €2.73.
China's naphtha imports are expected to rise in early 2026 as traders prepare for a new consumption tax of 2,105 yuan ($302) per ton, which will increase costs for domestic suppliers. This tax, aimed at closing loopholes and boosting state revenue, is anticipated to pressure margins for petrochemical producers, particularly state-owned refiners. Analysts predict that importers will seek additional naphtha supplies in anticipation of reduced domestic demand due to the tax. CNOOC has already increased its naphtha purchases significantly this January compared to last year.
Bernstein released a strategy report for the Asia-Pacific region, listing its preferred stocks for the first half of 2023, including CNOOC, JD, SK Hynix, Samsung Electronics, Tokyo Electron, and several other companies
$CNOOC(00883.HK) has performed well these days.