HONG KONG (AFX-ASIA) – HSBC Securities is maintaining its ‘buy’ rating on CNOOC Ltd with a six-month target price of HK$13.80 due to its attractive valuation and core strategy in developing its vast reserves in offshore China. (US$1=HK$7.87). In a note to clients, HSBC Securities analyst Gordon Kwan said the stock is trading at price-to-2002-estimated-earnings…

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