CMB: Raised target price for CNOOC (00883.HK) to "Buy" rating.

According to the Securities Times app, JPMorgan Chase released a research report stating that it has raised the target price of CNOOC (00883.HK) to 23 Hong Kong dollars and the A-share target price to 30 RMB. The main reason is the improvement in the long-term earnings/free cash flow prospects. The H-share rating has been upgraded from "reduce" to "hold", while the A-share rating remains "hold", reflecting a future 5 USD/barrel increase in oil prices and recent progress made by CNOOC in optimizing natural gas sales.