[ET Net News Agency, 1 August 2019] Morgan Stanley lowered its target price for CNOOC
(00883) to HK$16.28 from HK$16.62 and maintained its "overweight" rating.
The research house said CNOOC remains Morgan's top pick with 'back-to-growth' strategy
to unfold. It continues to appreciate CNOOC's "back-to-growth" strategy and expects its
superior growth to become the key re-rating catalyst.
In order to achieve such growth, Morgan believes CNOOC will also demonstrate its large
reserve potential, the backbone of making its production sustainable. If CNOOC can achieve
production and reserve expansion amid good cost control, it will create material positive
shareholder value, Morgan added. (KL)
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00883 CNOOC
Nominal 
19.000 -0.380 (-1.961%) Others
01/08/2019 16:34
{I-bank focus}Morgan lowers CNOOC (00883) to HK$16.28
| Remark: | Real time quote last updated: 16/04/2024 17:59 |
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