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Hong Kong stocks are fluctuating | Petroleum stocks are recovering. Tariff risks have caused a short-term decline in Crude Oil Product prices. Institutions indicate that domestic oil companies are expected to weaken their sensitivity to oil prices.
Petroleum stocks have recovered. As of the time of this report, China Oilfield Services (02883) is up by 3.23%, priced at 5.43 HKD; CNOOC (00883) is up by 3.84%, priced at 16.22 HKD; SHANGHAI PECHEM (00338) is up by 2.75%, priced at 1.12 HKD; PetroChina (00857) is up by 0.56%, priced at 5.35 HKD.
Hong Kong stocks have fluctuated | Petroleum stocks opened lower collectively. The disturbance caused by tariff policies, along with OPEC+ increasing production, further drove oil prices down significantly.
Petroleum stocks opened lower collectively. As of the time of this report, CNOOC (00883) fell 10.52% to HKD 16.5; PetroChina (00857) fell 10.63% to HKD 5.63; KUNLUN ENERGY (00135) fell 7.07% to HKD 7.62; Sinopec (00386) fell 5.85% to HKD 3.86.
SPT ENERGY (01251.HK) is suspended this morning.
Gelonghui, April 1st, SPT ENERGY (01251.HK) announced that the trading of its shares will be suspended starting at 9:00 AM today (April 1, 2025).
SPT ENERGY (01251.HK): Zhongzheng Tianheng has been appointed as the auditor.
On April 1, Gelonghui reported that SPT ENERGY (01251.HK) announced that, based on the recommendations of the Audit Committee, Zhongzheng Tianheng Certified Public Accountants Limited has been appointed as the new auditor, effective from March 31, 2025, to fill the temporary vacancy following the resignation of PwC, and the term will last until the end of the company's next Annual General Meeting. At the request of the company, trading in the shares will be suspended on the Hong Kong Stock Exchange at 9:00 AM on April 1, 2025, until the company publishes its annual results for 2024.
SPT ENERGY: INSIDE INFORMATION(1) DELAY IN PUBLICATION OF 2024 ANNUAL RESULTS;(2) DELAY IN DESPATCH OF 2024 ANNUAL REPORT;(3) POSTPONEMENT OF BOARD MEETING;(4) CHANGE OF AUDITOR; AND(5) SUSPENSION OF TRADING
Oil Watcher Expects Crude Prices to Stay Rangebound for Next 6 Months at Least
