CNOOC Aktie

https://aktienfinder.net/dividenden-profil/CNOOC-Dividende#:~:text=Heute%2520notiert%2520die%2520Aktie%2520um,%25%2520auf%25206%2C2%25.

DBS 2023-08-18 Traget 14,5 HKD https://www.dbs.com.hk/private-banking/aics/templatedata/article/equity/data/en/DBSV/012014/883_HK.xml Das Gap ist zu

https://seekingalpha.com/news/3992967-sigma-lithium-jumps-following-reported-ma-speculation

Auszug Investment Overview Best-in-class O&G giant with greener portfolio. As the largest offshore E&P company in China, CNOOC has very competitive all-in-cost of ~US$30/bbl. Coupled with its steady growth strategy, and superior execution, it is highly regarded as one of the best oil price proxies. The group is also stepping up ESG initiatives, committing to spend 10% of capex into clean energy assets, in particular offshore windfarm. Accelerated output growth, lucrative dividend. In its 2023 strategy preview, CNOOC raised 2023 production target by c.8% and aims for 6% average annual production growth through to 2025. It also offers a very attractive dividend yield of ~10%. Management committed to pay dividends of at least HK$0.70/share or 40% payout, whichever higher during 2022-2024. Oil price and China reopening are key catalysts. CNOOC’s share price has been highly correlated to oil prices at 0.9x coefficient. The optimism of oil price uptrend following China reopening is the key rerating catalyst in the near term. Share buyback exercise should also lend support to share price. Reiterate BUY; TP HK$14.50, based on DCF (11% WACC, 0% terminal growth). Valuations remain unjustifiably suppressed at 4x FY23 PE and 0.8x PB despite 16-19% ROE and 10% dividend yield, partly attributable to US sanctions. We believe recent rally on the back of China’s reopening has more legs to go, especially as oil price continue to trend up. Upside risks remain in view of the geopolitical tensions. CNOOC's share price has lagged its other two Chinese peers - Petrochina and Sinopec - due to US sanctions. This is unwarranted in our view given CNOOC's stronger execution track record, earnings delivery and growth potential. We remain hopeful on CNOOC’s reserve growth. Its management had previously implied that CNOOC’s proven reserve life could be understated by ~40% under the Securities and Exchange Commission (SEC) reporting standards as opposed to the seemingly more comprehensive Society of Petroleum Engineers’ (SPE) reporting. Key risks: Oil price volatility is the key risk. CNOOC’s earnings is sensitive to oil prices, which would be dictated by output by the Organization of the Petroleum Exporting Countries (OPEC) and the US in the near term." https://www.dbs.com.sg/treasures/aics/archive/templatedata/article/generic/data/en/GR/AXJ/883_HK.xml