- Cnooc’s IFRS net increased to 39.72 billion yuan in 1Q, as compared with 32.11 billion yuan in the previous year.
- The company saw an increase of 24% year-on-year in the IFRS net.
- The net income of Cnooc is also reported at 39.72 billion yuan.
- The company generated a total revenue of 111.47 billion yuan.
- There are currently 21 buys, 1 hold, and 1 sell for Cnooc shares.
- These comparisons are based on values reported from the company’s original disclosures.
CNOOC Ltd on Smartkarma
Analysts on Smartkarma, like Travis Lundy, are closely monitoring CNOOC Ltd, a significant player in the Chinese energy sector. In a recent report titled “A/H Premium Tracker (To 8 Mar 2024)”, Lundy notes that CNOOC’s performance impacted the Quiddity AH Pairs Portfolio, with wide spreads narrowing and narrow spreads widening. Despite Southbound inflows and Northbound outflows, AH premia slightly decreased.
Another report, “HK Connect SOUTHBOUND Flows (To 8Dec23)”, highlights that CNOOC and China Mobile are now on the buy side with substantial net inflows. However, Hs underperformed their counterparts within the H/A Pairs, indicating a potential reversion trend in the market. Lundy’s research emphasizes the importance of tracking premium positioning and sector movements to make informed investment decisions on companies like CNOOC Ltd.
A look at CNOOC Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, CNOOC Ltd appears to have a promising long-term outlook. The company scores well in various key factors, with a particularly strong momentum score. This suggests that CNOOC Ltd is currently showing positive performance trends that may continue into the future. Additionally, the company scores high in terms of dividend, growth, and resilience, indicating a solid foundation and potential for future development.
CNOOC Ltd, a company focused on exploring, developing, and selling crude oil and natural gas, operates in both domestic and international markets. With a presence in offshore China as well as in regions across Asia, Africa, North America, South America, and Oceania, the company has a diversified portfolio of oil and gas assets. Overall, CNOOC Ltd‘s strong Smart Scores, particularly in momentum, dividend, growth, and resilience, suggest a positive outlook for the company’s long-term performance and growth potential.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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