Changes in Hong Kong stocks | CNOOC (02883) rose more than 3% in early trading, semi-submersible platform boosts performance, Komo is optimistic that profits will maintain positive growth in the second half of the year

The Zhitong Finance App learned that CNOOC (02883) rose more than 3% in early trading. As of press release, it had risen 2.78% to HK$7.575, with a turnover of HK$44.85,200.

According to the news, CNOOC recently released interim results. Revenue for the first half of the year was 23.787 billion yuan, up 2.0% year on year; net profit to mother was 2.09 billion yuan, up 2.3% year on year. It is worth noting that in the first half of the year, the drilling service business revenue reached 7.477 billion yuan, up 3.3% year on year. Among them, the number of working days of semi-submersible platforms increased 11.4% year on year, and the average daily revenue rose to 176,000 US dollars, a milestone high.

Komo released a research report saying that the market is expected to give positive feedback on CNOOC's second-quarter results. The bank expects the company's profit to continue to grow positively in the second half of 2026 because CNOOC's drilling platform utilization rate remains at its highest level since the end of 2024, while the recovery trend in global offshore oil service (oilfield technical services) demand and daily rate rates since June 2024 is expected to continue until the second half of the year. Maintain an “Overweight” rating.