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CNOOC (00883) will distribute a final dividend of HKD 0.66 per share on July 11.
CNOOC (00883) issued an announcement that the company will distribute as of 2024 on July 11, 2025...
CLOSURE OF HONG KONG REGISTER OF MEMBERS AND ANNOUNCEMENT IN RELATION TO THE WITHHOLDING AND PAYMENT OF ENTERPRISE INCOME TAX FOR NON-RESIDENT ENTERPRISES IN RESPECT OF THE 2024 FINAL DIVIDEND
CNOOC (00883.HK) intends to appoint Chen Zeming as an independent non-executive Director.
On May 12, Gelonghui reported that CNOOC (00883.HK) announced that Zhao Chongkang will retire in rotation at the company's upcoming 2024 Annual General Meeting of Shareholders according to the company's Articles of Association and will not participate in re-election. Therefore, Zhao Chongkang will resign as an independent non-executive director, chairman of the remuneration committee, and member of the audit committee, effective at the conclusion of the 2024 Annual General Meeting of Shareholders. On the same day, it was announced that it is proposed to appoint Chen Zemeng as an independent non-executive director of the company, pending approval by shareholders at the 2024 Annual General Meeting of Shareholders. The Board of Directors will simultaneously appoint Chen Zemeng as a member of the company's audit committee and remuneration committee.
The Hang Seng Index rose by 681 points, with a turnover of 322.4 billion Hong Kong dollars, led by mobile and export-related stocks.
China and the United States agreed to mutually reduce tariffs over 90 days and cancel retaliatory tariffs, resulting in a significant rise in Hong Kong stocks. The Hang Seng Index opened up 316 points, and further increased after the details were announced in the afternoon, at one point rising 817 points to reach 23,685 points, closing with a gain of 681 points or 3% at 23,549 points; the Chinese Enterprises Index rose 250 points or 3%, closing at 8,559 points; the Hang Seng TECH Index rose 267 points or 5.2%, closing at 5,447 points. The total turnover of the market for the day was 322.426 billion dollars. Export-related stocks surged, with Techtronic Industries (00669.HK) and Shenzhou International (02313.HK) rising by 6.7% and 3.5% respectively. Home Appliances stocks like Haier Smart...
Oil Prices Rise on Cooling U.S.-China Trade Tensions -- Market Talk
HSBC Research has lowered the Target Price for the three major oil companies, anticipating a decline in profits for the oil Industry in the second quarter. The top choice is PetroChina.
HSBC Research published a report stating that profits in the Crude Oil Product Industry are expected to significantly decrease in the second quarter of this year, as oil prices have dropped approximately 20% so far this quarter. The bank projects that the price of Brent Crude Oil will range between $65 and $67 per barrel from the second to the fourth quarter this year. However, the accelerating easing of production cuts by the Organization of the Petroleum Exporting Countries and partner countries (OPEC+) and other macro risks such as Global trade tensions may pose downward risks. The bank believes that CNOOC (00883.HK) is the most sensitive to upstream exploration and production, estimating that for every $10 per barrel decrease in Brent Crude Oil prices, its profits will decrease by 16 this year.