Group 1 - The company, Anton Oilfield Services (03337), announced a share buyback plan [1] - The total amount allocated for the buyback is HKD 4.9989 million [1] - The company plans to repurchase 4.75 million shares [1]

Core Viewpoint - Antonoil Services (03337) announced a share buyback plan, intending to repurchase 4.75 million shares for a total cost of HKD 4.9989 million [1] Group 1 - The company plans to execute the buyback on November 4, 2025 [1] - The total amount allocated for the share repurchase is approximately HKD 4.999 million [1] - The number of shares to be repurchased is 4.75 million [1]

Core Viewpoint - Investor Michael Burry has made significant bearish bets against Nvidia and Palantir, signaling concerns about a potential market bubble driven by AI hype [1][2][3] Group 1: Investment Positions - Scion Asset Management holds put options equivalent to 1 million shares of Nvidia, valued at approximately $186.6 million, and 5 million shares of Palantir, valued at about $912 million [2] - The recent filing indicates a strategic shift for Burry, as he did not hold positions in these companies in the previous quarter [3] Group 2: Market Context - Nvidia's stock has risen 54% this year, driven by surging demand for AI hardware, while Palantir's stock has skyrocketed 174% amid AI enthusiasm and increased defense spending [2] - The S&P 500 and Nasdaq 100 indices have reached historical highs, intensifying discussions about whether the AI boom has inflated stock valuations into bubble territory [3] Group 3: Sentiment Analysis - Retail investor sentiment towards Nvidia has shifted from "extremely bullish" to "bullish," while sentiment for Palantir remains "extremely bullish" with increased discussion activity [3] Group 4: Other Holdings - Despite bearish positions on Nvidia and Palantir, Scion has taken bullish positions in Halliburton and Pfizer, and holds stocks in Lululemon, Bruker, Molina Healthcare, and SLM [4] - As of September 30, Scion's total investment positions have decreased from 15 to 8 [4]

Summary of Key Points Core Viewpoint - Antong Oilfield Services has been actively repurchasing its shares, indicating a strategy to enhance shareholder value amidst market fluctuations [2] Group 1: Share Buyback Details - On November 3, Antong Oilfield Services repurchased 4.726 million shares at a price range of HKD 1.040 to HKD 1.070, totaling HKD 4.9987 million [2] - The stock closed at HKD 1.040 on the same day, reflecting a decline of 0.95%, with a total trading volume of HKD 12.6019 million [2] - Year-to-date, the company has conducted 12 buybacks, accumulating a total of 55.46 million shares repurchased for a total amount of HKD 59.7625 million [2] Group 2: Historical Buyback Data - The buyback details for the recent transactions are as follows: - November 3: 472.60 thousand shares at a maximum price of HKD 1.070 and a minimum of HKD 1.040, amounting to HKD 499.87 thousand [2] - October 20: 442.40 thousand shares at a maximum price of HKD 1.130 and a minimum of HKD 1.090, totaling HKD 494.16 thousand [2] - October 17: 449.20 thousand shares at a maximum price of HKD 1.130 and a minimum of HKD 1.100, with a total of HKD 500.00 thousand [2] - October 16: 450.00 thousand shares at a maximum price of HKD 1.130 and a minimum of HKD 1.080, amounting to HKD 499.91 thousand [2] - October 15: 469.00 thousand shares at a maximum price of HKD 1.080 and a minimum of HKD 1.050, totaling HKD 499.25 thousand [2] - October 8: 508.60 thousand shares at a maximum price of HKD 1.190 and a minimum of HKD 1.160, amounting to HKD 599.84 thousand [2] - October 6: 840.00 thousand shares at a maximum price of HKD 1.200 and a minimum of HKD 1.160, totaling HKD 998.59 thousand [2] - August 28: 210.00 thousand shares at a maximum price of HKD 1.370 and a minimum of HKD 1.350, amounting to HKD 286.52 thousand [2] - April 30: 216.00 thousand shares at a maximum price of HKD 0.950 and a minimum of HKD 0.930, totaling HKD 203.17 thousand [2] - April 16: 613.00 thousand shares at a maximum price of HKD 1.000 and a minimum of HKD 0.940, amounting to HKD 596.39 thousand [2] - April 11: 300.00 thousand shares at a maximum price of HKD 1.000 and a minimum of HKD 0.990, totaling HKD 299.67 thousand [2] - April 7: 575.20 thousand shares at a maximum price of HKD 0.900 and a minimum of HKD 0.850, amounting to HKD 498.87 thousand [2]

Core Viewpoint - Antonoil Services (03337) announced a share buyback plan, intending to repurchase approximately 4.726 million shares for about HKD 4.9987 million on November 3, 2025 [1] Group 1 - The company plans to execute a share buyback, indicating a strategy to enhance shareholder value [1] - The total number of shares to be repurchased is 4.726 million [1] - The total expenditure for the buyback is approximately HKD 4.9987 million [1]

Core Viewpoint - Antong Oilfield Services (03337.HK) announced a share buyback of 4.72 million shares at a cost of HKD 5 million on November 3 [1] Group 1 - The company executed a buyback program, indicating a strategic move to enhance shareholder value [1] - The total number of shares repurchased is 4.72 million [1] - The total expenditure for the buyback was HKD 5 million [1]

Core Viewpoint - Beiken Energy's stock has shown significant growth this year, with a year-to-date increase of 35.14%, reflecting strong performance in the oil and gas service sector [1][2]. Group 1: Stock Performance - As of November 3, Beiken Energy's stock price reached 11.50 CNY per share, with a trading volume of 65.17 million CNY and a turnover rate of 2.95%, resulting in a total market capitalization of 2.31 billion CNY [1]. - The stock has experienced a 2.40% increase over the last five trading days, a 13.64% increase over the last 20 days, and a 14.09% increase over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a trading board for stocks with significant trading activity) nine times this year, with the most recent appearance on October 23, where it recorded a net buy of -57.52 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Beiken Energy reported a revenue of 747 million CNY, representing a year-on-year growth of 23.38%, and a net profit attributable to shareholders of 29.01 million CNY, which is a 19.21% increase year-on-year [2]. - The company has distributed a total of 104 million CNY in dividends since its A-share listing, with cumulative distributions of 27.79 million CNY over the past three years [2]. Group 3: Company Overview - Beiken Energy, established on November 26, 2009, and listed on December 8, 2016, is primarily engaged in oil and gas exploration and development, focusing on drilling engineering technical services [1]. - The company's revenue composition is heavily weighted towards drilling engineering, accounting for 99.25% of total revenue, with minimal contributions from other services [1].

Core Viewpoint - FIL Limited increased its stake in CNOOC Services (02883.HK) by acquiring 1.836 million shares at an average price of HKD 7.1862 per share, raising its ownership from 4.91% to 5.01% [1] Group 1 - FIL Limited's total investment in the recent acquisition amounted to approximately HKD 13.19 million [1] - Following the purchase, FIL Limited's total shareholding reached 90.704 million shares [1]

Core Viewpoint - FIL Limited has increased its stake in CNOOC Services (02883.HK) by acquiring 1.836 million shares at an average price of HKD 7.1862 per share, raising its ownership from 4.91% to 5.01% [1][2]. Summary by Relevant Sections - **Share Acquisition Details** - FIL Limited purchased 1.836 million shares of CNOOC Services at a total cost of approximately HKD 13.19 million [1]. - The average purchase price per share was HKD 7.1862 [2]. - **Ownership Changes** - Following the acquisition, FIL Limited's total shareholding increased to 90.704 million shares [1]. - The ownership percentage rose from 4.91% to 5.01% [1].

Core Viewpoint - COSL's earnings increased by 16% QoQ to RMB1.25 billion in 3Q25, driven by margin improvement and a lower effective tax rate [1]. Financial Performance - COSL's turnover decreased by 8% QoQ in 3Q25, but gross profit rose by 3% QoQ, with gross margin improving from 17.3% in 2Q25 to 19.4% in 3Q25 due to a change in revenue mix [1]. - The effective tax rate fell from 21.0% in 2Q25 to 17.7% in 3Q25, and there was no asset impairment in 3Q25 compared to RMB86 million in 2Q25 [1]. - The company's net profit grew 16% QoQ to RMB1.25 billion [1]. Operational Insights - The operating days of COSL's rigs decreased by 3% QoQ in 3Q25 due to scheduled maintenance, but increased by 16% YoY, as operations in offshore China were significantly impacted by typhoons in 3Q24 [2]. - Revenue from the well services segment declined slightly in 9M25 due to weak industry demand [2]. Future Outlook - Expectations for 4Q25 indicate a potential 17% QoQ drop in earnings, attributed to higher expenses anticipated from project completions [3]. - The decline in effective tax rate is a significant factor in the increased earnings forecasts for 2025-27, with the effective tax rate at 18.7% in 9M25 compared to 27.7% in 9M24 [4]. Valuation Adjustments - The target price for COSL's H shares has been raised from HK$9.05 to HK$9.70, reflecting an increase in target valuation from 0.85x to 0.9x 2025E P/B due to improved ROE [5]. - The target price for A shares has also been increased from RMB18.61 to RMB19.21, based on the narrowing A-H premium from 124% to 117% since late August [5].