HS#CNOOCRC2807B

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SUMMI

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MANY IDEA CLOUD

ZHONGMIAO

JD LOGISTICS

EASY SMART GP

SINOPHARM TECH

7ROAD

IMMUNEONCO-B

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Morgan Stanley has raised its forecast for Brent crude oil prices in 2026 to USD 72.5 per barrel and has upgraded the target prices for the "three oil giants," all recommending "overweight." The target price for PetroChina H shares has been increased from HKD 10.25 to HKD 13.25, Sinopec H shares from HKD 6.4 to HKD 6.98, and CNOOC H shares from HKD 17.6 to HKD 28.9. The firm is optimistic about the strategic value and profitability sustainability of PetroChina due to energy security and believes that Sinopec's profit outlook is positive

AASTOCKS

Sinopec Corp.

CNOOC

SINOPEC CORP

PETROCHINA

SINOPEC SSC

ZPEC

China Universal CSI Oil & Gas Resources ETF

Yinhua CSI Oil & Gas Resources ETF

E Fund CSI Petrochemical Industry ETF

Bosera CSI Oil & Gas Resources Index ETF

ChinaAMC CSI Petrochemical Industry ETF

Guotai CSI Oil & Gas Industry ETF

Morgan Stanley raised its Brent crude oil forecast for this year to USD 72.5 per barrel and upgraded the target prices for the "three oil giants," urging to "overweight."

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Hong Kong stocks closed mixed: the Hang Seng Index rose 0.28% to 25,321.34, the Tech Index fell 0.69% to 4,796.33, and the National Enterprises Index fell 0.38% to 8,451.43. The technology internet and energy sectors weakened, with Alibaba down 2.77% and Tencent down 0.79%, dragging the market; the top trading volumes were Alibaba at HKD 1,811,139.75 thousand, Tencent at HKD 1,216,376.63 thousand, and China National Offshore Oil Corporation at HKD 589,461.73 thousand, with overall sentiment being neutral to cautious

- On March 5, 2026, the three major indices showed mixed results, with a cautious market sentiment and short-term focus on overcoming earlier highs. 
- The Hang Seng Index closed up by 0.28% at 25,321.34 points, while the Hang Seng Tech Index fell by 0.69% to 4,796.33 points, reflecting a pullback from previous highs. 
- Key sectors like oil and gas faced pressure, and major stocks such as Alibaba and Tencent experienced declines, emphasizing an increase in cautious market behavior.

Market Heartbeat

BABA-W

JD-SW

MNSO

TENCENT

KUAISHOU-W

BIDU-SW

UNITEDENERGY GP

CHK OIL

GIGADEVICE

INNOVENT BIO

JIAXIN INTL RES

COSCO SHIP HOLD

Hong Kong Stock Market Closing | Hang Seng Index rose 0.28%, Tech Index fell 0.69%, AIA Group rose 5.06%

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China sets crude annual output target at 200 mln tons for next five years

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CHINA OILFIELD

COSL

CHINA BLUECHEM

China sets crude annual output target at 200 mln tons for next five years

China's government has instructed its largest oil refiners to halt diesel and petrol exports due to disruptions in crude supply from the Persian Gulf amid escalating conflict. The National Development and Reform Commission (NDRC) met with refinery executives to request a temporary suspension of refined product shipments, effective immediately. Exceptions were made for jet and bunker fuel for bonded storage and supplies to Hong Kong and Macau. This move reflects China's prioritization of domestic needs as the crisis in the Middle East intensifies, impacting regional fuel supplies.

Businesstimes News

China tells top refiners to halt diesel and petrol exports

As of noon, the Hang Seng Index reported 25,459.66 points, up 0.83%; the Hang Seng Tech Index reported 4,829.29 points, basically flat; the National Enterprises Index reported 8,503.16 points, up 0.23%. The sectors showed divergence, with internet content and information rising, Tencent up 0.49%, Baidu up 1.30%, and Kuaishou up 0.84%; oil and gas exploration and production fell, with China National Offshore Oil down 1.40%; retailers weakened, with Alibaba down 1.15% and JD.com down 0.71%. Funds focused on internet leaders and earnings report events, while oil and gas faced downward pressure

- As of March 5, Hong Kong's major indices showed mixed performance, with the Hang Seng Index at 25,459.66, up 0.83%, indicating continued volatility.  
- Retail stocks fell amid concerns over company events and financial reporting, with Alibaba down 1.15% and JD.com down 0.71%, while the internet sector rallied, led by Tencent and Baidu.  
- Macro factors include Fed policies affecting local liquidity and market valuation, with a focus on tech performance and fluctuating local currencies impacting investor sentiment.

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NANJING PANDA

SH ELECTRIC

E&P GLOBAL

DONGFANG ELEC

Hong Kong Stock Midday Review | Hang Seng Index up 0.83%, tech stocks strengthen while oil and gas weaken

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UBS has raised its average price forecast for Brent crude oil in 2026 to $72, and based on this, has upgraded the earnings forecasts and target prices for PetroChina and CNOOC. The target price for PetroChina's H shares has been raised by 10% to HKD 12.6, while the target price for CNOOC's H shares has increased by 12% to HKD 33.6. The bank has also raised its natural gas price forecasts and maintains CNOOC's H shares and PetroChina's H shares as industry favorites, with all related stocks rated as "Buy."

Invesco Great Wall CNI Oil&Gas ETF

UBS raises the average price of Brent crude oil to USD 72 this year, upgrading the target prices for PetroChina and CNOOC

CNOOC increased shareholdings in co's A-shares by 705,500 shares for RMB30 mln from Oct 9 to Mar 4

CNOOC increased shareholdings in co's A-shares by 705,500 shares for RMB30 mln from Oct 9 to Mar 4

CNOOC's Actual Controller Boosts Shareholding

CNOOC's Actual Controller Boosts Shareholding

CNOOC Group has increased its stake in CNOOC Limited to approximately 62.14% through purchases of A shares in Shanghai and H shares via the Shanghai–Hong Kong Stock Connect. The group invested around RMB403 million and committed to maintaining its stake during the lock-up periods. Analysts rate CNOOC Limited stock as a Buy with a price target of HK$26.00. CNOOC Limited is a major oil and gas producer listed in both Shanghai and Hong Kong, with a market cap of HK$1322.4B.

Tip Ranks

CNOOC Group Lifts Stake in CNOOC Limited to Over 62%

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In the morning session, the shipping sector fell sharply, with nearly 10 stocks including COSCO SHIPPING Energy, Cosco Shipping Specialized, CMES, COSCO SHIPPING Development, Lianyungang Port, and Phoenix Shipping hitting the daily limit down, while Air China Cargo once dropped nearly 30%. The precious metals concept collectively weakened, with SC GOLD hitting the daily limit down, Xiaocheng Technology dropping over 10%, ZHAOJIN GOLD opening at the daily limit down price, and WESTERN REGION GOLD, Hunan Gold, Hunan Silver, CHIFENG GOLD, and SD GOLD opening significantly lower

- A-shares opened lower and fell, with major indices collectively declining, influenced by the "three barrels of oil" stocks hitting the limit down.  
- The ongoing turmoil in the Middle East has heightened market inflation fears, impacting gold and oil prices significantly, while certain sectors like power equipment strengthened due to policy stimulus.  
- The bond market showed a broad rally in government futures, alongside varied performance in domestic commodity futures, reflecting a mixed but generally negative market sentiment.

Wallstreetcn

CMES

SC GOLD

COSCO SHIP DEV

KNOWLEDGE ATLAS

WESTERN REGION GOLD

Lianyungang Port

Cosco Shipping Specialized

COSCO SHIPPING Energy

ZHAOJIN MINING

SD GOLD

SD-GOLD

CHIFENG GOLD

COSCO SHIPPING Development

COSCO SHIP ENGY

Hunan Gold

ZHONGJIN GOLD

ChinaAMC Gold ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

A DOO AI

MEITUAN

The ChiNext index fluctuated and rose, the "three oil giants" briefly hit the limit down at the beginning of trading, memory stocks surged, the Hang Seng Index turned positive, and the large model stock KNOWLEDGE ATLAS surged strongly

CNOOC Says Unaware of Reason for Share Price Movement

CNOOC Says Unaware of Reason for Share Price Movement

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Hong Kong stocks plunged 716 points in half a day, with the Hang Seng Index reporting 25,051 points, a decline of 2.78%. Financial stocks and tech stocks performed weakly, with HSBC and AIA falling 3.7% and 5.5% respectively. Global stock markets generally declined, reflecting a high level of uncertainty in the market. Oil stocks and gold stocks also fell, with CNOOC down 3.9%. JP Morgan pointed out that the profit risk for insurance stocks is limited, while Longbridge believes that the pullback presents an opportunity for positioning

- The Hang Seng Index opened lower, dropping 298 points and hitting a low of 24,963 points before stabilizing at 25,051 points, down 716 points or 2.78%.  
- Global stock markets, including Japan and South Korea, also experienced significant declines, attributed to heightened uncertainty in the market.  
- Major financial and tech stocks in Hong Kong suffered losses, with HSBC falling 3.7% and Alibaba down over 4%, while concerns regarding inflation were spurred by geopolitical tensions affecting oil prices.

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HSBC HOLDINGS

Hong Kong stocks plummeted 716 points in the half-day session, with HSBC and AIA leading the decline. "Market shows high uncertainty performance" | Hong Kong stock market opens

HSBC's research report indicates that oil price volatility is expected to intensify in the short term, but forecasts the price of Brent crude oil to be USD 65 per barrel by 2026. China has a strategic oil reserve of 1.3 billion barrels, which can mitigate the impact of supply disruptions. The bank's preferred stock is PetroChina, with a target price raised to HKD 11.5, maintaining a "Buy" rating. CNOOC's target price is raised to HKD 32, maintaining a "Buy." Sinopec Corp.'s target price is raised to HKD 5.9 due to weak earnings, with a rating of "Hold."

The report from "Big Banks" suggests that China's strategic reserves will help alleviate the impact of oil disruptions, raising the target price for the "three oil companies," with PetroChina as the top choice

As of noon, the three major indices of the Hong Kong stock market weakened, with the Hang Seng Index down 2.78% at 25,051.33 points, the Hang Seng Tech Index down 1.96% at 4,780.91 points, and the National Enterprises Index down 2.40% at 8,401.99 points. There is a clear divergence among sectors: the internet content and information sector declined due to the weakness of Chinese concept stocks, with Tencent down 1.57%, Kuaishou down 2.32%, and Baidu down 2.73%; the semiconductor manufacturers sector showed divergence, with Zhaoyi Innovation up 4.91%, while SMIC down 2.00% and Hua Hong Semiconductor down 1.82%; the telecommunications services defensive sector fell slightly. The market is focused on the impact of the Federal Reserve's interest rate cut expectations on HIBOR and the Hong Kong dollar, as well as the potential effects of recent PMI, retail and export performance, southbound capital, earnings season, real estate policies, and transaction factors on risk appetite and sector rotation

- As of noon, Hong Kong's three major indices declined, with the Hang Seng Index falling 2.78% to 25,051.33 points, and the Hang Seng Technology Index dropping 1.96% to 4,780.91 points.  
- The market is influenced by factors such as expectations of a U.S. Federal Reserve interest rate cut and the performance of recent PMI, retail, and export data.  
- Notably, leading tech stocks like Tencent and Alibaba showed significant declines, while some semiconductor stocks, like Zhaoyi Innovation, demonstrated strength amidst overall market volatility.

SMIC

HUA HONG SEMI

CHINA MOBILE

CHINA TELECOM

CHINA UNICOM

XIAOMI-W

Hong Kong Stock Market Midday Review | Hang Seng Index down 2.78%, Hang Seng Tech down 1.96%, Zhaoyi Innovation up 4.91%

The three major indices of the Hong Kong stock market weakened during the session, with the Hang Seng Index falling approximately 2.10% to 25,226.96 points, the Hang Seng TECH Index dropping about 1.34%, and the Hang Seng China Enterprises Index declining around 1.73%. In terms of sectors, retailers, internet content and information, as well as oil and gas exploration and production generally declined. Among the leading stocks, Alibaba -W fell 3.49%, JD.com -SW dropped 3.14%; Tencent Holdings decreased 0.88%, Kuaishou -W fell 2.16%, and Baidu -SW declined 1.79%; in the oil and gas sector, China National Offshore Oil Corporation fell 2.46%, United Energy Group dropped 5.68%, and CNOOC (China National Offshore Oil Corporation) fell 35.96%

- On March 4, the Hong Kong stock market experienced a decline, with the Hang Seng Index falling approximately 2.10% to 25,226.96 points, indicating a pause in upward momentum.  
- Major sectors like retail have shown downward trends due to performance pressures, while the macroeconomic focus remains on variables such as U.S. Federal Reserve rate cut expectations and local economic indicators.  
- Notable stocks include Alibaba, which dropped 3.49%, and Tencent, which fell 1.57%, amidst cautious investor sentiment and uncertainties in their operational management.

YOFC

Hang Seng TECH Index

Hang Seng China Enterprises Index

Hang Seng Index

TRACKER FUND

HSTECH ETF

CSOP HS TECH

HSCEI ETF

Hong Kong stock market intraday | The Hang Seng Index fell by about 2.10%, technology and oil & gas sectors weakened, Alibaba -W dropped by 3.49%

$CNOOC(00883.HK) has performed well these days.

CNOOC-R

HS#CNOOCRC2807B(64509.HK)

Morgan Stanley raised its Brent crude oil forecast for this year to USD 72.5 per barrel and upgraded the target prices for the "three oil giants," urging to "overweight."

Hong Kong Stock Market Closing | Hang Seng Index rose 0.28%, Tech Index fell 0.69%, AIA Group rose 5.06%

China sets crude annual output target at 200 mln tons for next five years

China tells top refiners to halt diesel and petrol exports

Hong Kong Stock Midday Review | Hang Seng Index up 0.83%, tech stocks strengthen while oil and gas weaken