Cnooc's Higher Dividend Payout Likely to Support Share Price -- Market Talk

Dow Jones

Jan 23, 2025

0609 GMT - Cnooc's higher dividend payout target for 2025-2027 should offer some support for the share price, Citi Research analysts write in a note. The targeted 40%-45% payout ratio compared to 2023's 43% is a positive catalyst, Citi says. Although Cnooc cut its production guidance for 2025 and 2026 by 2.5% and 3.7% due to disposal of oil assets in the Gulf of Mexico, it still expects production growth on year, Citi highlights. Oil production growth and yuan depreciation will likely offset any earnings impact arising from cautious sentiment in the oil market, Citi says. Citi retains a buy rating on the stock with a target price of HK$24.00. Shares are 0.6% lower at HK$18.62. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

January 23, 2025 01:11 ET (06:11 GMT)

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The targeted 40%-45% payout ratio compared to 2023's 43% is a positive catalyst, Citi says. Although Cnooc cut its production guidance for 2025 and 2026 by 2.5% and 3.7% due to disposal of oil assets in the Gulf of Mexico, it still expects production growth on year, Citi highlights. Oil production growth and yuan depreciation will likely offset any earnings impact arising from cautious sentiment in the oil market, Citi says. Citi retains a buy rating on the stock with a target price of HK$24.00. Shares are 0.6% lower at HK$18.62. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 01:11 ET (06:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cnooc's Higher Dividend Payout Likely to Support Share Price -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCnooc's Higher Dividend Payout Likely to Support Share Price -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-23 14:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0609 GMT - Cnooc's higher dividend payout target for 2025-2027 should offer some support for the share price, Citi Research analysts write in a note. The targeted 40%-45% payout ratio compared to 2023's 43% is a positive catalyst, Citi says. Although Cnooc cut its production guidance for 2025 and 2026 by 2.5% and 3.7% due to disposal of oil assets in the Gulf of Mexico, it still expects production growth on year, Citi highlights. Oil production growth and yuan depreciation will likely offset any earnings impact arising from cautious sentiment in the oil market, Citi says. Citi retains a buy rating on the stock with a target price of HK$24.00. Shares are 0.6% lower at HK$18.62. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 01:11 ET (06:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0516422440.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505055440","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505055440","pubTimestamp":1737612660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0609 GMT - Cnooc's higher dividend payout target for 2025-2027 should offer some support for the share price, Citi Research analysts write in a note. The targeted 40%-45% payout ratio compared to 2023's 43% is a positive catalyst, Citi says. Although Cnooc cut its production guidance for 2025 and 2026 by 2.5% and 3.7% due to disposal of oil assets in the Gulf of Mexico, it still expects production growth on year, Citi highlights. Oil production growth and yuan depreciation will likely offset any earnings impact arising from cautious sentiment in the oil market, Citi says. Citi retains a buy rating on the stock with a target price of HK$24.00. Shares are 0.6% lower at HK$18.62. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80883":"中国海洋石油-R","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","00883":"中国海洋石油","BK1521":"挪威政府全球养老基金持仓","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","BK1238":"石油与天然气的勘探与生产","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","BK1589":"北水核心资产","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK1528":"石油股票概念","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","BK1610":"ETF&股票定投概念","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC"},"translate_title":"中海油更高的股息支付可能会支撑股价——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80883":0.6,"00883":1},"content_text":"0609 GMT - Cnooc's higher dividend payout target for 2025-2027 should offer some support for the share price, Citi Research analysts write in a note. The targeted 40%-45% payout ratio compared to 2023's 43% is a positive catalyst, Citi says. Although Cnooc cut its production guidance for 2025 and 2026 by 2.5% and 3.7% due to disposal of oil assets in the Gulf of Mexico, it still expects production growth on year, Citi highlights. Oil production growth and yuan depreciation will likely offset any earnings impact arising from cautious sentiment in the oil market, Citi says. Citi retains a buy rating on the stock with a target price of HK$24.00. Shares are 0.6% lower at HK$18.62. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2025 01:11 ET (06:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}