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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  CNOOC Limited    883   HK0883013259

CNOOC LIMITED

(883)
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China's blue-chip index hits 5-1/2-year high on upbeat data; Hong Kong slips

11/29/2020 | 11:26pm EST

* SSEC 1.1%, CSI300 1.3%, HSI -0.5%

* HK->Shanghai Connect daily quota used 7.9%, Shanghai->HK daily quota used 4.6%

* FTSE China A50 +1.4%

SHANGHAI, Nov 30 (Reuters) - China's blue-chip index scaled a near 5-1/2-year high on Monday, led by gains in traditional industries, as upbeat factory activity data showed continued recovery in the world's second-largest economy amid the coronavirus outbreak.

** The CSI300 index rose 1.3% to 5,045.01 points, its highest since June 18, 2015, while the Shanghai Composite Index gained 1.1% to 3,444.84 points.

** Leading the gains, the Shanghai SE50 index, which tracks the 50 most representative traditional stocks on the Shanghai Stock Exchange, climbed as much as 2% to its highest since February 2008.

** China's factory activity expanded at the fastest pace in more than three years in November, while growth in the services sector also hit a multi-year high, as the country's economic recovery from the coronavirus stepped up.

** Upbeat data released on Monday suggests the world's second-largest economy is on track to become the first to completely shake off the drag from widespread industry shutdowns, with recent production data showing manufacturing now at pre-pandemic levels.

** The main reason for the strong rally was China's continued recovery, said Zhang Gang, an analyst with China Central Securities.

** The cyclicals rally would also continue for a while as their low valuations remain low, at least before China's Lunar New Year holiday if investors do not find good opportunities in growth players, he added.

** In Hong Kong, stocks fell as energy firms dragged. The Hang Seng index dropped 0.5% to 26,760.53 points, while the Hong Kong China Enterprises Index lost 0.2% to 10,771.61.

** The Hang Seng energy slumped 5.6% by midday, led by China's national offshore oil and gas producer CNOOC Ltd tumbling 10.4% after news of U.S. blacklisting. (Reporting by Luoyan Liu and Andrew Galbraith; Editing by Vinay Dwivedi)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CNOOC LIMITED 1.98% 8.25 End-of-day quote.14.90%
HANG SENG 2.71% 29630.38 Real-time Quote.5.94%
LONDON BRENT OIL 1.15% 55.4 Delayed Quote.6.15%
SHANGHAI STOCK EXCHANGE B SHARES INDEX -0.29% 250.0512 Real-time Quote.3.00%
WTI 0.46% 52.552 Delayed Quote.8.19%
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Financials
Sales 2020 161 B 24 909 M 24 909 M
Net income 2020 23 170 M 3 576 M 3 576 M
Net Debt 2020 111 B 17 159 M 17 159 M
P/E ratio 2020 13,3x
Yield 2020 5,57%
Capitalization 308 B 47 508 M 47 592 M
EV / Sales 2020 2,60x
EV / Sales 2021 2,19x
Nbr of Employees 18 425
Free-Float 35,0%
Chart CNOOC LIMITED
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CNOOC Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends CNOOC LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Average target price 8,95 CNY
Last Close Price 6,91 CNY
Spread / Highest target 83,8%
Spread / Average Target 29,6%
Spread / Lowest Target -7,26%
EPS Revisions
Managers and Directors
NameTitle
Ke Qiang Xu Chief Executive Officer & Executive Director
Guang Jie Hu President & Executive Director
Dong Jin Wang Chairman
Wei Zhi Xie Chief Financial Officer
Sung Hong Chiu Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CNOOC LIMITED14.90%47 508
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PIONEER NATURAL RESOURCES COMPANY11.84%27 580