CNOOC (SEHK:883) Stock Price Stalls After Q3 Earnings Value Gap Widens
CNOOC just dropped its Q3 2026 scorecard and the headline is simple. Profit stayed heavy and the trailing P/E still sits at 7.2x while the share price closed at HK$24.7. Yet the stock barely moved over the past week. That muted reaction looks out of sync with a business that produced net income of ¥33,300m in the quarter and ¥139,229m over the past 12 months. The main focus today is valuation strain. A discounted cash flow estimate lands near HK$74.98, which leaves a large gap that short term...
CNOOC just dropped its Q3 2026 scorecard and the headline is simple. Profit stayed heavy and the trailing P/E still sits at 7.2x while the share price closed at HK$24.7. Yet the stock barely moved over the past week. That muted reaction looks out of sync with a business that produced net income of ¥33,300m in the quarter and ¥139,229m over the past 12 months. The main focus today is valuation strain. A discounted cash flow estimate lands near HK$74.98, which leaves a large gap that short term...
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