Zhi Tong Cai Jing·2025-08-27 06:23Core Viewpoint - The report from CICC highlights that the utilization rate of CNOOC Oilfield Services' drilling platforms has risen to over 90%, which has positively impacted the market sentiment [1] Group 1: Company Performance - CNOOC Oilfield Services is expected to have stronger pricing power, leading to significant operational leverage for its drilling business [1] - If the company can simultaneously improve its drilling services, it will provide dual momentum for a more substantial re-evaluation [1] Group 2: Financial Projections - CICC has raised the earnings per share forecast for CNOOC Oilfield Services for the years 2025 to 2027 by 0% to 1% [1] - The target price for H-shares has been increased from HKD 8.4 to HKD 9.3, while the target price for A-shares has been raised from RMB 18.3 to RMB 19.5 [1] - The rating of "Outperform" has been maintained for the stock [1]