The Zhitong Finance App learned that Morningstar released a research report stating that the fair value forecast for CNOOC (00883.HK) H shares was raised by 10.3%, the target price was raised from HK$29 to HK$32, and the fair value forecast for A-shares was raised at the same time. CNOOC's net profit for the first half of 2026 increased 23% year-on-year, thanks to an average increase in oil prices of 24% and a 4% increase in net oil and gas production.

The Zhitong Finance App learned that Morningstar released a research report stating that the fair value forecast for CNOOC (00883.HK) H shares was raised by 10.3%, the target price was raised from HK$29 to HK$32, and the fair value forecast for A-shares was raised at the same time. CNOOC's net profit for the first half of 2026 increased 23% year-on-year, thanks to an average increase in oil prices of 24% and a 4% increase in net oil and gas production.