Zhi Tong Cai Jing·2025-08-27 09:38Core Viewpoint - China Oilfield Services Limited (COSL) reported a 23% year-on-year increase in net profit for the first half of the year, reaching 1.964 billion RMB, aligning with the expectations of CCB International [1] Financial Performance - The net profit of COSL for the first half of the year is 1.964 billion RMB, which is 49% of CCB International's original full-year forecast [1] - CCB International anticipates that COSL's profitability in the second half of the year will remain stable compared to the first half, despite contributions from drilling equipment operating in high-rent areas [1] Forecast Adjustments - CCB International has revised its profit forecasts for COSL for the years 2025 to 2027 down by 3% to 11% [1] - The target price for COSL has been adjusted from 9.39 HKD to 9.05 HKD, while maintaining a "Buy" rating [1]