|Day's Range||111.63 - 113.31|
|52 Week Range||108.05 - 138.36|
|PE Ratio (TTM)||1,129.20|
|Dividend & Yield||5.92 (5.35%)|
|1y Target Est||N/A|
DBS has done a deep dive into China's big three oil stocks and decided that CNOOC (883.HK) (CEO) is the pick of the trio. The broker cut its 2017 Brent oil price forecast by $5 a barrel to between $50 and $55 after adjusting for higher than expected U.S. shale production. Lower oil price forecasts have been reflected in lower target prices for the two of the three Chinese oil stocks.
Announcement: Moody's publishes latest edition of Asia Oil& Gas Quarterly. Global Credit Research- 07 Jul 2017. Singapore, July 07, 2017-- Moody's Investors Service has released its latest edition of Asia ...
China's oil sector has been upgraded to positive from neutral by Maybank Kim Eng despite the pummeling being handed out to oil prices. The brokerage downgraded the sector in January but believes the sector has underperformed enough to make it attractive: The sector has underperformed the MSCI China index by 10-40% since our downgrade in Jan-17. Following the pullback, we believe China’s oil & gas sector now offers favourable risk-reward for both short and long-term investors.