Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Lifts TP for CHINA OILFIELD (02883.HK) to HKD11.6 with Buy Rating
Recommend 3 Positive 4 Negative 1 |
||||
|
||||
|
The management of CHINA OILFIELD (02883.HK) revealed that there are three JU units in Saudi Arabia and two JU units in Kuwait, clarifying that these five units currently have no operational impact, Citi wrote in a research report. In view of persistent geopolitical conflicts, three out of 23 drilling units in Iraq have ceased operations. The management also mentioned that the company's long-term strategy to internationalize remains unchanged, despite the short-term turbulence wrought by geopolitical events. The broker raised its earnings forecasts for the company by 5% for 2026 and 2% for 2027. The target price was lifted from HKD9.5 to HKD11.6, with a Buy rating. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
