Portfolio update September 2025
A weak month for the portfolio, but with three deep dives published, plenty to think about.
Negative effect from US sanctions on CNOOC dissipating, crude oil prices at record levels while valuation multiples are half the global peer group's. Estimated reading time: 13 minutes.
Disclaimer: Asian Century Stocks uses information sources believed to be reliable, but their accuracy cannot be guaranteed. The information contained in this publication is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in such publications are those of the publisher and are subject to change without notice. You are advised to discuss your investment options with your financial advisers and to understand whether any investment is suitable for your specific needs. From time to time, I may have positions in the securities covered in the articles on this website. Full disclosure: I hold a position in CNOOC Ltd when publishing this article. Note that this is disclosure and not a recommendation to buy or sell.
Note that American investors (including funds that serve American investors) are unable to purchase shares in CNOOC as those investors are subject to US sanctions on Communist Chinese Military Companies (CCMCs).
I first wrote about the Chinese oil & gas exploration and production company CNOOC in October 2020. The entire presentation is available here.
The story back then was the following:
Deep reports for serious, Asia-focused investors.
By subscribing, I agree to Asian Century Stocks' Terms and Conditions, and acknowledge its Privacy Policy.