First Shanghai: Buy rating for China Offshore Oil (00883.HK) with a target price of HK$25.98.

According to the Wise Finance app, First Shanghai has issued a research report stating that it gives a "buy" rating to China National Offshore Oil Corporation (00883.HK), with forecasted revenues of 413.2 billion yuan, 423.8 billion yuan, and 442.9 billion yuan for the years 2025-2027, respectively; and net profit attributable to the parent company of 132.7 billion yuan, 134.3 billion yuan, and 140.9 billion yuan, respectively. The bank provides the company with a 8.5 times PE valuation for 2026, with a target price of HK$25.98.