|Day's range||8.560 - 8.620|
|52-week range||8.450 - 10.880|
|PE ratio (TTM)||771.24|
|Dividend & yield||0.06 (5.37%)|
|1y target est||10.61|
DBS has done a deep dive into China's big three oil stocks and decided that CNOOC (883.HK) (CEO) is the pick of the trio. The broker cut its 2017 Brent oil price forecast by $5 a barrel to between $50 and $55 after adjusting for higher than expected U.S. shale production. Lower oil price forecasts have been reflected in lower target prices for the two of the three Chinese oil stocks.
Traders are on edge after Washington warned of using force against the North Korean regime of Kim Jong-Un after this week's test of a missile that could reach the United States
While the rebound in oil prices from 10-month lows has fuelled a rally in energy firms, Asian markets were mostly down on a sell-off in the technology sector