UBPETCH@EC2611A

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

Morningstar Raises Fair Value Forecast for China National Petroleum Corporation

SOMERLEY CAP

TIANLI HOLDINGS

CPM GROUP

FUTONG TECH

NICHE-TECH SEMI

SINO ICT

COSMOS MACH

UBOT HOLDING

SAMPLE TECH

PERENNIAL INT'L

09903

00100

06869

02338

02513

09926

00027

00857

06656

00883

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%.

Top Gainers&Losers

ILUVATAR COREX

MINIMAX-W

YOFC

WEICHAI POWER

KNOWLEDGE ATLAS

AKESO

GALAXY ENT

PETROCHINA

SIGENERGY

CNOOC

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

601857

600028

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%.

AASTOCKS News

Sinopec Corp.

PetroCN HK SDR 1to2

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

00386

HSBC Research has raised the target price for PETROCHINA H-shares from HKD11.7 to HKD13.8, maintaining a Buy rating. The report highlights PETROCHINA's resilient 1Q26 earnings, with a 1.9% YoY net profit increase, driven by natural gas sales despite lower oil prices. HSBC expects oil to become the main earnings driver for the rest of the year and anticipates stronger earnings and cash flow to enhance dividend prospects.

SINOPEC CORP

HSBC HOLDINGS

HSBC 5xShortSG241213

HSBC Holdings Plc

HSBC

HSBC Research Lifts PETROCHINA  TP to HKD13.8; 1Q26 Earnings Show Resilience

561360

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High oil prices have a very direct impact on these companies' financial results, but tread with caution.

Chevron

BP PLC-Spons

Exxon Mobil

ConocoPhillips

BP p.l.c.

CHINA OILFIELD

Shell

TotalEnergies SE

COSL

Occidental Petroleum

Us Brent Oil

Guotai CSI Oil & Gas Industry ETF

BP p.l.c. ADRhedged

ChinaAMC CSI Petrochemical Industry ETF

China Universal CSI Oil & Gas Resources ETF

Invesco Great Wall CNI Oil&Gas ETF

VG Energy

ISHRS S&P Glb Engy

Shell plc ADRhedged

Yinhua CSI Oil & Gas Resources ETF

VanEck Oil Refiners ETF

Bosera CSI Oil & Gas Resources Index ETF

E Fund CSI Petrochemical Industry ETF

SPDR Energy Select

Direxion Daily Energy Bull 2X

United States Oil Fund LP

iShares US Oil Equip & Svcs

iShares US Oil & Gas Expl & Prod

VanEck Oil Services ETF

SPDR O&G Ex & Prd

Pro Ultr Bloomberg Crude Oil

SPDR O&G Equip

The Strait of Hormuz is choking the world's oil supply. These stocks could win.

Beijing is lifting its restrictions on refined fuel exports, allowing state refiners like Sinopec and China National Petroleum to resume shipments. This decision follows a period of halted exports due to the U.S.-Iran conflict and indicates that domestic fuel inventories are stable. The government has approved a one-time quota of 500,000 tons for export next month, aimed at alleviating the fuel crisis in Asia, particularly for countries like Vietnam and Laos. This move comes amid warnings from international financial institutions about the energy supply situation in the region.

ZeroHedge

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

China Reopens Fuel Export Spigot, Offering Relief To Asian Buyers

China has authorized state-owned refiners to export 500,000 tonnes of fuels, including petrol, diesel, and jet fuel, to select customers, easing a previous ban. This one-off quota aims to alleviate supply issues for Asia's emerging economies amid ongoing conflicts in the Persian Gulf. Shipments are expected to reach countries like Vietnam and Laos. As domestic fuel stockpiles rise, state oil firms are seeking government permits to resume exports. The National Development and Reform Commission has not commented on the matter.

Businesstimes News

China allows state refiners to export some fuels to Asian buyers

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At market close, the HSI fell 335 points (1.3%) to 25,776, while the HSTI dropped 38 points (0.8%) to 4,871. Major stocks like Xiaomi and Alibaba saw declines of over 3%. However, PetroChina, Weichai Power, and Everg Services reached new highs. Market turnover increased to $291.55 billion, with notable short selling activity across various stocks. Overall, the market experienced significant fluctuations with both declines and gains among constituents.

Weichai Power

XIAOMI-W

BABA-W

HSI Down 335 pts; HSTI Down 38 pts; XIAOMI Down over 3%; BABA Down over 3%; PETROCHINA, WEICHAI POWER, EVERG SERVICES, REPT BATTERO Hit New Highs; Market Turnover Rises

UBS reported that PetroChinarecorded a 1Q26 revenue of RMB736.4 billion, down 2.2% YoY, with a net profit increase of 1.9% YoY to RMB48.3 billion, meeting expectations. The rating is 'Buy' with a target price of HKD14.2. For 2Q26, oil earnings growth is expected to remain resilient, while the refining segment faces challenges due to rising costs. The natural gas sales segment is anticipated to maintain steady growth despite higher imported gas costs.

UBS Group AG

UBS: PETROCHINA  1Q26 Net Profit In Line; Earnings Growth Seen Resilient

Morgan Stanley reported that PetroChina's 1Q26 earnings fell short of expectations, with an EPS of RMB0.26, 4% below forecasts due to a 14% shortfall in realized oil prices. This was attributed to a pricing time lag, but earnings from natural gas, refining, chemicals, and marketing exceeded expectations. The broker maintains an Overweight rating on PetroChina with a target price of HKD13.25, expecting normalization in oil prices in 2Q26.

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

M Stanley: PETROCHINA  Oil Price Lag Drags on Reported Earnings, Rated Overweight

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-29 16:25.) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.AASTOCKS Financial News

PETROCHINA  1Q26 Net Profit RMB48.333 billion Up 1.9%

Featured

PetroChina above HKD 10.6 now 😁.

Fattycat

BABA Return Rate

BABA Diamond Holder

$PETROCHINA(00857.HK)🛢️ PetroChina: A “Chevron-Lite” Value Play or a Peak Bull Run?PetroChina is at a critical crossroads. As an integrated energy giant, it mirrors the robust business model of Chevron (CVX). Spanning from upstream exploration to downstream refining and yet it continues to trade at significantly lower valuations compared to its US peers.🔷Technical Snapshots: Looking at the 1H and 4H charts, the honeymoon phase of the early 2026 rally is hitting resistance.❤️ Bollinger Bands: Price is hugging the lower band (10.21–10.25), signaling short-term bearish momentum. It has dropped below the 20 SMA (blue line), which now acts as resistance at 10.43–10.66.❤️ Price Action: We are seeing “Lower Highs” since the April peak near 11.40. If the 10.20 support breaks, a slide toward 9.50 is possible.🔷 Fundamentals Snapshots:The “Middle East Premium” is back. With escalating tensions in the Middle East and concerns over the Strait of Hormuz, oil supply remains fragile.❤️ Geopolitical Hedge: Like Chevron, PetroChina benefits from high Brent prices. Any supply disruption directly boosts upstream margins.❤️ The Value Gap: Despite a similar diversified revenue stream to Chevron, PetroChina remains undervalued due to a “China Discount,” offering a high-dividend alternative for value seekers.🔷 The VerdictPetroChina is Neutral-Bullish. While technicals suggest a “cooling off” period, its massive valuation gap and the geopolitical safety cushion make it a compelling long-term hold.Strategy: Don’t chase the red. Look for a bounce-back above 10.60 or wait for a stronger base at 10.00.Not financial advice. Always do your own DD!

The boat for long term investing of S-REITs have came back to port again. Buying at this level has little downside and would offer a larger margin of safety when mean reversion occurs.

LazyCat

Dividend Collector

Ranks in the top 50% of account holders by rate of return
Calculated based on your Longbridge (Singapore) A/C

Rate Of Return

Meta has increased its investment in Texas data centers to $10 billion (a 6x increase) — making a big bet on AI infrastructure, which is an important reason for the decline in Meta's stock. Subsequent attention should be paid to changes in AI spending by tech stocks for effective investment risk assessment.

Apple

Tiffany lover

Ranks in the top 10% of account holders by rate of return
Calculated based on your Longbridge (Singapore) A/C

SingTel

S-Reit can drop further if the Iran war does not settle. Long War, higher oil prices, higher inflation, RATE HIKE!!! Real Estate will suffer!

JoanneChe

Ranks in the top 90% of account holders by rate of return
Calculated based on your Longbridge (Singapore) A/C

Ranks in the top 5% of account holders by total assets
Calculated based on your Longbridge (Singapore) A/C

Total Assets

🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Join the chat &amp; earn Task Coins!

MEITUAN

Meituan

MEITUAN-WR

SMIC

BYD ELECTRONIC

Meta Platforms

Tesla

Direxion Daily TSLA Bull 2X Shares

Alphabet - C

Alphabet

Shangri-La HKD

Keppel

GuocoLand

Aoxin Q & M

Lendlease Reit

Apple Group

Meituan HK SDR 5to1

☕️ Daily Market Talk | Mar 27, 2026

SMIC HK SDR 5to1

SHANGRI-LA ASIA

DBS Group

S reits are being punished for nothing. It is face equity like volatility and drawdown even though real estate is stable. Interest rate did not even move. I would say buy the dip!

The longer Trump or Iran delays any resolution, the longer the impact of the war will creep through the economy. Even with a ceasefire, it may be too late. 10 days is too long...

Another delay tactic or real peace talks? I believe the key is with the bond market. A big chunk of US debt is due this year and that needs to be refinanced. And that debt which was attained at record low rates will have to be priced at current rates. And those rates are going up and forcing the president’s hands. Similar to how he had to TACO last year April for similar reasons (obviously not stated on mainstream media), seems like the same this time. A middle ground needs to be reached ASAP and that is being reflected in the decisions made. If a peace accord is agreed, that will be the narrative the media will say lead to a market rally. However, when you look at technicals, there are complete 5 waves patterns all round and a bounce is already imminent! Stay safe!

Bond yields have increased due to rising inflation expectations, among other factors. Oil prices may remain elevated. Interest rates may stay higher for longer with fewer rate cuts. IMO can wait a while before buying S-REITs .

Energy, especially oil and gas, is still the strongest sector for the moment as long as the Iran war isn’t resolved.

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

S&P 500

Oil control

UBPETCH@EC2611A(28722.HK)

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

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

HSBC Research Lifts PETROCHINA TP to HKD13.8; 1Q26 Earnings Show Resilience

The Strait of Hormuz is choking the world's oil supply. These stocks could win.

China Reopens Fuel Export Spigot, Offering Relief To Asian Buyers