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<Research>CLSA: CNOOC Raises Min. Div. Payout to 45% for 2025-27, Boosting Mkt Confidence in Keeping 8-9% Div. Yield
Recommend 6 Positive 9 Negative 4 |
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In a research report, CLSA said that CNOOC (00883.HK)'s 2025 strategic guidance conformed with expectations and was a positive surprise for the market, as the group guides to raise its minimum dividend payout to 45% for 2025-27, up from 40% previously. This should boost market confidence in the group's ability to consistently deliver a dividend yield of 8-9%, providing investors with a defensive investment opportunity in an uncertain China market, the broker said, reiterating the group's Outperform rating. AAStocks Financial News |
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