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Home > Latest

Lates News

date
27/08/2025
China Fortune Land Development expects to report a net loss of approximately 4.08 billion yuan for the six months ending on June 30th.
Latest
1 m ago
BYD announces system-level chip patents, temperature regulation process does not occupy CPU resources.
1 m ago
American community bank Commercial Bancgroup (CBK.US) submits IPO application, planning to raise $173 million.
2 m ago
Sinolink Securities: Maintains "Buy" rating on CNOOC Oil Services, all sectors are seeing a turnaround in profits or a decrease in losses.
2 m ago
Sinolink Securities research report pointed out that CNOOC Ltd.'s revenue and profit for the first half of the year both achieved year-on-year growth, mainly due to contributions from drilling business. In terms of revenue, the company mainly benefited from drilling and shipping businesses with year-on-year growth of +12.8% and +19.8% respectively, among which the drilling business revenue significantly increased mainly due to the start-up and operation of high daily fee projects on semi-submersible platforms in the North Sea of Norway, as well as increased operational workload. Profits in each sector all achieved improvement or reduced losses. Especially, the company's overseas gross profit margin increased by 6.06 percentage points year-on-year to 11.17%, mainly due to significant turnaround from losses to profits in overseas drilling business. Additionally, due to high oil price volatility, the company recorded an asset impairment loss of 82.03 million yuan in the first half of the year (mainly concentrated in the drilling business). With the four platforms in the Middle East that were temporarily suspended last year gradually entering new contract periods, and normal operation of high daily fee drilling platforms in the North Sea of Norway, as well as the South Sea VIII being put into operation in South America, it is believed that the company still has room for improvement in daily fees and platform utilization rates are expected to remain high in the second half of the year. Considering the company's continuous overseas expansion and the good industry outlook, it is expected that the company's performance will continue to grow from 2025 to 2027, maintaining a "buy" rating on the company.
2 m ago
Government bond futures closed collectively higher, with the main 30-year contract rising by 0.24%.
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