Changes in Hong Kong stocks | CNPC (00857) rose more than 3%, the situation in the Middle East has repeated high oil prices, and the company has strong valuation appeal

The Zhitong Finance App learned that CNPC (00857) rose more than 3%. As of press release, it had risen 3.2% to HK$10.17, with a turnover of HK$841 million.

According to the news, the situation in the Middle East is still tense, and Brent oil is hovering at a high level of 105 US dollars. The Houthis say Saudi Arabia launched 119 attacks within 24 hours, and flights over Riyadh are almost extinct. It is worth mentioning that, benefiting from rising oil prices, CNPC's net profit for the first half of the year increased 22% year over year. Net profit for the second quarter increased 15% month-on-month.

Huaan Securities believes that the company attaches importance to shareholder returns and continues to increase dividend rates and dividend rates. The bank horizontally compared the 2025 net earnings per share and the current static PE of key oil and gas companies in the same industry. Currently, China Petroleum (A/H) valuation is still low, especially H shares, which have strong valuation appeal.