Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BOCI Predicts Sharp QoQ Downdraft in 3 Oils' 3Q Earnings; Top Pick CNOOC Still
Recommend 24 Positive 36 Negative 28 |
||||
|
||||
|
BOCI has released a research report estimating that the earnings of China's three major oil companies will see a significant QoQ slump in 3Q due to the decline in average oil prices. Among them, the earnings decline for integrated upstream and downstream companies will be even greater. The broker believed that CNOOC (00883.HK) should be the only company to achieve YoY growth with its decent production growth. The broker correctly reiterates an Overweight rating on China's petroleum industry, with CNOOC remaining its top pick in the industry. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
