SG#CNOOCRC2812S

CNOOC's Kenli 10-2 Oilfield Group Phase I Fully Operational, Daily Output Exceeds 2,800 Tons

CNOOC (Jinzhou) Oilfield Development Co., Ltd. Established Recently

CNOOC Annual Gas Output Exceeds 1.3 Billion Cubic Meters, Discovers Multiple Deepwater Gas Fields to Secure Hainan Supply

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

CNOOC Boosts Offshore Output and Reopens Huizhou Steam Cracking Unit

JPMorgan Upgrades CNOOC EPS Forecast and Maintains Rating

CLP and CNOOC Sign Memorandum to Deepen Energy Cooperation

BOCI Raises CNOOC Target Price to HKD 34.69 and Maintains Buy Rating

HSBC Global Research Maintains Buy Rating on CNOOC

CNOOC Maintains 2026 Capital Expenditure Plan

China's First Large-Scale Fracturing Vessel 'Marine Oil 696' Successfully Berths in Tianjin

CNOOC Announces First Quarter 2026 Net Profit Up 7.10% Year-over-Year

CNOOC released FY2026 Q1 earnings on April 28 Pre-Market (BJT), actual revenue HKD 131.6 B (forecast HKD 126.92 B), actual EPS HKD 0.9296 (forecast HKD 0.9523)

Morgan Stanley Sees Promise in CNOOC's Cost Advantages and Dividend Commitments, Upgrades to Overweight

Ocean Oil 166 Successfully Delivered to Beibu Gulf by China COSCO Shipping Zhiyuan Kou

CNOOC to Release FY2026 Q1 Earnings on April 28 Pre-Market (BJT), Forecast Revenue HKD 126.88 B, EPS HKD 0.9171

CNOOC Energy Development Delivers First Offshore Mobile Multi-functional Measure Platform

CNOOC Successfully Deploys Self-Developed 1500m Deep-Sea Drilling Riser System

CNOOC Tianjin Company Exceeds 10 Million Tons of Oil and Gas Production in First Quarter of Bohai Oilfield

JOLIMARK

TIMES UNI GP

APEX ACE HLDG

VPOWER GROUP

GW TIANDI

FUJING HOLDINGS

TEAMWAY INTL GP

SFSY NEW MAT

FDB HOLDINGS

KEEN OCEAN

00883

TCTZF

KBAB

The Hang Seng Index dropped 0.4% to approximately 25,480 in early trading, underperforming other Asian markets. Key laggards included Tencent (-0.3%), Alibaba (-0.9%), and CNOOC (-3.3%), while select tech stocks like Xiaomi (+0.2%) and Lenovo (+6.9%) saw gains.

Trading Economics

CNOOC

Tencent Holdings Limited

KraneShares 2x Long BABA Daily ETF

Hang Seng Index

TENCENT

Tencent

BABA-W

Alibaba

XIAOMI-W

SMIC

LENOVO GROUP

TENCENT-R

Tencent HK SDR 10to1

BABA-WR

Alibaba HK SDR 5to1

CNOOC-R

AIA-R

AIA Group

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

SMIC HK SDR 5to1

LENOVO GROUP-R

Lenovo Group

Hong Kong Shares Trade in the Red

600938

00386

600028

00857

601857

WTI crude near $100 could raise summer road trip costs

Exxon Mobil

SINOPEC CORP

Occidental Petroleum

Sinopec Corp.

Chevron

PETROCHINA

China Universal CSI Oil & Gas Resources ETF

VG Energy

VanEck Oil Refiners ETF

Bosera CSI Oil & Gas Resources Index ETF

Us Brent Oil

SPDR O&G Equip

Guotai CSI Oil & Gas Industry ETF

VanEck Oil Services ETF

E Fund CSI Petrochemical Industry ETF

United States Oil Fund LP

Tortoise N Americ Pipe

iShares US Oil Equip & Svcs

SPDR O&G Ex & Prd

ChinaAMC CSI Petrochemical Industry ETF

First Trust North American Energy Infra Fd

Yinhua CSI Oil & Gas Resources ETF

GLOBAL X MLP & Energy Infra

Pro Ultr Bloomberg Crude Oil

Direxion Daily XOM Bull 2X Shares

Global X MLP

SPDR Energy Select

Direxion Daily Energy Bull 2X

iShares US Energy

Alerian MLP

ISHRS S&P Glb Engy

iShares US Oil & Gas Expl & Prod

WTI crude near $100 could raise summer road trip costs

Chinese refined fuel prices are set to increase by 90–110 yuan per ton at 24:00 on May 21, marking the eighth rise this year. This translates to an estimated increase of 8–9 cents per liter for 92-octane gasoline and an additional 4.5–5 yuan for a typical private car refill.

CoinLive

Chinese Refined Fuel Prices Set to Increase for Eighth Time This Year

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06099

01698

01766

02513

00100

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PICC GROUP(01339) rose 7.41%, with a trading turnover 822.3 Million HKD, and a year-to-date fell 16.3%. CMSC(06099) rose 6.48%, with a trading turnover 275.5 Million HKD, and a year-to-date rose 6%. KNOWLEDGE ATLAS(02513) fell 9.41%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 786.4%. MINIMAX-W(00100) fell 7.19%, with a trading turnover 612.5 Million HKD, and a year-to-date rose 350%.

Top Gainers&Losers

PICC GROUP

CMSC

TME-SW

CRRC

KNOWLEDGE ATLAS

MINIMAX-W

SIGENERGY

GANFENGLITHIUM

HUAQIN

Top 5 HK Stock Gainers/Losers (>100B) (5.19)

CLSA reports that SINOPEC CORP has underperformed compared to PETROCHINA and CNOOC since the Israel-Iran conflict, reflecting a divergence in earnings amid rising oil prices. The broker expects SINOPEC to potentially report a loss in 2Q26 due to downstream challenges, impacting dividend distributions. In contrast, PETROCHINA and CNOOC are projected to benefit from strong cash flows and increased dividends. CLSA maintains an Outperform rating for all three, with target prices set at HKD12 for PETROCHINA, HKD32 for CNOOC, and HKD4.9 for SINOPEC CORP.

AASTOCKS News

PetroCN HK SDR 1to2

CLSA: SINOPEC CORP  Share Price Has Underperformed Peers Since Israel-Iran Conflict, Reflecting Fundamental Divergence; Sector Top Pick PETROCHINA

The HSI opened down 123 points at 25,838, following a decline in US stock indices. Major tech stocks like Tencent and Alibaba also opened lower. In contrast, oil stocks CNOOC and PetroChina rose against the market trend. LEAPMOTOR saw a significant drop of over 7% after reporting a larger-than-expected loss in Q1.

HSI Opens Down 123 pts; 2 Oils Hike Against Mkt; LEAPMOTOR Slumps 3%+ Post-Results

Cnooc (600938) boosts offshore output and capacity in South China Sea, Brazil and Guyana, pursuing regional development in key offshore basins to expand production amid energy-driven growth plans.1Cnooc (600938) and Shell restarted Huizhou steam cracker in late April; plant now producing 1.2M t/yr ethylene and 600k t/yr propylene, on-spec output.2

TradingView

Shell PLC

Shell

Key facts: Cnooc boosts offshore capacity; Huizhou restarts 1.2M/600k

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00087

01347

01171

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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%.

BIREN TECH

MONTAGE TECH

TECHTRONIC IND

SWIRE PACIFIC B

HUA HONG SEMI

YANKUANG ENERGY

CHINA COAL

CHINA SHENHUA

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

561980

159546

159636

Hong Kong stocks closed on May 7 with all three major indices rising. The Hang Seng Tech Index led the market with a 3.09% gain. The AI wave continues to build momentum; Tencent's impressive large model data drove strength across key tech and internet stocks, while Kuaishou surged over 7%. Better-than-expected earnings from overseas computing giants, combined with NVIDIA's increased investment in the optical supply chain, catalyzed strong gains in semiconductors, fiber optics, and PCB sectors. Conversely, expectations of a US-Iran ceasefire weighed on international oil prices, causing traditional energy stocks including oil, gas, and coal to plunge against the trend. Additionally, prominent investor Duan Yongping's portfolio adjustment spurred intraday activity in Pop Mart, while Deepexi Technology saw heavy volume and a surge of over 50%

Market Pulse

China Merchants CSI Semiconductor Industry ETF

Guotai CSI All Share Integrated Circuit ETF

ICBCCS CNI HK Connect Technology ETF

Hang Seng China Enterprises Index

Hang Seng TECH Index

KUAISHOU-W

XL2CSOPHYNIX

XL2CSOPSMSN

Coherent Corp.

BIDU-SW

JD-SW

MEITUAN

YOFC

KB LAMINATES

FIT HON TENG

NVIDIA

Lumentum

Corning

CHINA LIFE

PING AN

CKH HOLDINGS

HSBC HOLDINGS

CATL

POP MART

DEEPEXI TECH

TRACKER FUND

HSCEI ETF

Hua Hong

Montage Technology

KUAISHOU-WR

BIDU-SWR

Baidu

JD-SWR

JD.com

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

NVIDIA Corporation

China Life

PING AN-R

Ping An

Ping An Insurance

CK Hutchison Holdings

HSBC 5xShortSG241213

HK Stocks Close | Hang Seng Tech Index Rises Nearly 3%, Semiconductors Lead Gains, Oil & Gas Stocks Plunge as PETROCHINA Drops Over 8%

SG#CNOOCRC2812S(60807.HK)

Hong Kong Shares Trade in the Red

WTI crude near $100 could raise summer road trip costs

Chinese Refined Fuel Prices Set to Increase for Eighth Time This Year

Top 5 HK Stock Gainers/Losers (>100B) (5.19)

CLSA: SINOPEC CORP Share Price Has Underperformed Peers Since Israel-Iran Conflict, Reflecting Fundamental Divergence; Sector Top Pick PETROCHINA

HSI Opens Down 123 pts; 2 Oils Hike Against Mkt; LEAPMOTOR Slumps 3%+ Post-Results

Key facts: Cnooc boosts offshore capacity; Huizhou restarts 1.2M/600k

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

HK Stocks Close | Hang Seng Tech Index Rises Nearly 3%, Semiconductors Lead Gains, Oil & Gas Stocks Plunge as PETROCHINA Drops Over 8%