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Oil Futures Extend Recovery From Lows -- Market Talk
Oil: Slowing Demand Weighs on Prices – TDS
Energy Intinv (00353) fell by 48.80%, now at 0.400 yuan, hitting a 52-week low.
As of 11:27, Energy Intinv (00353) fell by 48.80% from the previous closing price, now at 0.400 yuan, hitting a 52-week low; the volume is 0.848 million shares, with a turnover of 0.3382 million Hong Kong dollars.
Overnight international oil prices plunged, causing market concerns. PetroChina's H-shares fell nearly 6%.
Why did international oil prices weaken overnight? How do institutions view future oil prices?
Divergence is increasing! The surge in oil prices has driven the rise of the three major listed in hong kong institutions, but warnings from institutions indicate limited room for a rebound.
①The international oil prices have risen for three consecutive days in the short term. Why has the divergence in institutions increased instead? ②The H shares of the 'Big Three' oil companies have collectively risen. What are the highlights of the rebound market?
Energy Intinv (00353.HK) subsidiary plans to purchase properties in Dongying City, Shandong Province for 32.435 million yuan.
On August 23, GlenHui Energy International Investment announced that on August 23, 2024, the buyer (an indirect non-wholly-owned subsidiary of the company) entered into the agreement with the seller, whereby the buyer agreed to purchase and the seller agreed to sell the property for a price of approximately RMB 32.435 million. This price was reached after the property was publicly auctioned and invited for bidding at Shandong Property Rights Trading Center. The company intends to use the property as the buyer's new office headquarters. The property referred to here is the property to be acquired by the buyer as part of the acquisition and is also known as No. 379, Yunhe Road, Dongying City, Shandong Province, China, Huanghe Delta International Plaza 3.
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