CHK Oil (HK:0632)
:0632
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CHK Oil
(0632)
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Rating:50Neutral
Price Target:
HK$0.25
▲(38.89% Upside)
Action:Reiterated
Date:04/28/26
Score is held down primarily by weak core fundamentals (sharp revenue decline, negative operating profitability) and unstable cash generation (recurring negative operating/free cash flow, including the latest year). Technical indicators also point to soft momentum. A low P/E and conservative leverage provide some offset, but do not outweigh the operational and cash-flow risks.
Positive Factors
Conservative balance sheet
A very low debt load and sizable equity provide durable financial flexibility for an E&P firm. This structure reduces near-term refinancing risk, supports funding of maintenance capex or working capital through cycles, and enables opportunistic investment or asset purchases without immediate leverage stress.
Negative Factors
Severe revenue contraction
A roughly 62% revenue decline is a material loss of scale that undermines long-term margins and operating leverage. Such a sharp fall reduces negotiating power, complicates fixed-cost coverage, and raises execution risk: recovery requires sustained production or price improvements to restore durable cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low debt load and sizable equity provide durable financial flexibility for an E&P firm. This structure reduces near-term refinancing risk, supports funding of maintenance capex or working capital through cycles, and enables opportunistic investment or asset purchases without immediate leverage stress.
Read all positive factors
CHK Oil (0632) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$216.08M
Dividend YieldN/A
Average Volume (3M)10.36M
Price to Earnings (P/E)12.1
Beta (1Y)5.20
Revenue Growth-61.60%
EPS GrowthN/A
CountryHK
Employees20
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.02
Shares Outstanding956,353,700
10 Day Avg. Volume9,470,563
30 Day Avg. Volume10,364,427
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.61
Price to Sales (P/S)2.66
P/FCF Ratio-5.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CHK Oil Business Overview & Revenue Model
Company Description
Operating as an investment holding firm, CHK Oil Limited is primarily involved in the upstream oil and natural gas sector, spanning exploration, development, production, and sales activities. Its operations extend across Hong Kong, the United Stat...
CHK Oil Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 58.80M | 153.13M | 161.50M | 355.28M | 1.53B |
| Gross Profit | 364.00K | 2.17M | 1.51M | 15.28M | 95.81M |
| EBITDA | 25.94M | -11.23M | -57.10M | 11.20M | 192.00M |
| Net Income | 16.23M | -21.48M | -49.55M | -1.19M | 147.82M |
Balance Sheet | |||||
| Total Assets | 341.93M | 284.96M | 533.04M | 553.50M | 617.54M |
| Cash, Cash Equivalents and Short-Term Investments | 1.59M | 13.51M | 1.25M | 15.15M | 9.07M |
| Total Debt | 26.13M | 15.79M | 20.30M | 4.63M | 3.10M |
| Total Liabilities | 83.10M | 56.31M | 124.77M | 92.84M | 145.63M |
| Stockholders Equity | 257.81M | 227.63M | 407.26M | 459.65M | 470.89M |
Cash Flow | |||||
| Free Cash Flow | -29.39M | 16.60M | -28.75M | 8.82M | -23.15M |
| Operating Cash Flow | -29.33M | 16.82M | -28.66M | 8.97M | -23.10M |
| Investing Cash Flow | -68.00K | -216.00K | -88.00K | -156.00K | 237.00K |
| Financing Cash Flow | 17.46M | -4.32M | 14.89M | -3.48M | 199.00K |
CHK Oil Technical Analysis
Negative
0.18
Price Trends
0.27
Negative
0.30
Negative
0.32
Negative
Market Momentum
>-0.01
Positive
39.81
Neutral
12.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0632, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.27, and below the 200-day MA of 0.32, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.81 is Neutral, neither overbought nor oversold. The STOCH value of 12.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0632.
CHK Oil Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$1.10T | 7.52 | 15.25% | 6.76% | -3.90% | -11.54% | |
71 Outperform | HK$1.99T | 11.04 | 10.04% | 6.32% | -1.41% | -2.26% | |
66 Neutral | HK$9.87B | 8.72 | 8.60% | 20.93% | 9.52% | -28.22% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
50 Neutral | HK$216.08M | 12.10 | 6.66% | ― | -61.60% | ― | |
49 Neutral | HK$680.36M | -16.74 | 4.05% | ― | -14.14% | -59.17% | |
42 Neutral | HK$182.55M | -1.30 | 29.67% | ― | 48.50% | 11.34% |
* Energy Sector Average
HK:0632
CHK Oil
0.25
-0.41
-62.12%
HK:0603
China Oil & Gas Group
0.14
-0.03
-18.18%
HK:0857
PetroChina Company
9.16
2.85
45.17%
HK:0467
United Energy Group
0.36
-0.30
-45.45%
HK:0883
CNOOC Limited
22.20
5.13
30.06%
HK:3395
JX Energy Ltd.
0.21
-0.51
-70.83%
CHK Oil Corporate Events
CHK Oil Raises HK$17.35 Million via Share Placing to Cut Debt and Boost Working Capital
Jun 18, 2026
CHK Oil Limited has completed a placing of 87 million new shares under its general mandate at HK$0.21 per share, raising gross proceeds of about HK$18.27 million and net proceeds of approximately HK$17.35 million. The new shares, placed with at le...
CHK Oil Accelerates Deadline for New Share Placing Conditions
Jun 9, 2026
CHK Oil Limited has revised the timetable for fulfilling conditions attached to its planned placing of new shares under a general mandate, bringing the latest date forward from 3 July 2026 to 26 June 2026. The company and its placing agent expect ...
CHK Oil Plans Discounted Share Placing to Raise HK$17.35 Million
Jun 5, 2026
CHK Oil has entered into a placing agreement to issue up to 87 million new shares, representing about 10% of its existing share capital, to at least six independent investors under its general mandate. The shares will be placed at HK$0.21 each, a ...
CHK Oil Adds Auditor Switch to June AGM Agenda
Jun 3, 2026
CHK Oil Limited has issued a supplemental notice confirming that its annual general meeting will proceed as scheduled in Hong Kong on 26 June 2026, while adding a new ordinary resolution for shareholder consideration. The company is seeking approv...
CHK Oil Proposes Auditor Rotation as Part of Governance Overhaul
Jun 1, 2026
CHK Oil Limited plans to rotate its independent auditor as part of its corporate governance practices, proposing that Forvis Mazars CPA Limited retire after the annual general meeting scheduled for 26 June 2026. The board, following the audit comm...
CHK Oil Extends Aral Petroleum Cooperation Talks as Exclusivity Lapses
May 11, 2026
CHK Oil Limited has extended its memorandum of understanding with Aral Petroleum Capital LLP for a further six months to 11 November 2026, allowing additional time for due diligence on target oilfields and for negotiating terms of a potential coop...
CHK Oil Sets AGM to Approve Accounts, Board Mandates and Share Issuance Authority
Apr 23, 2026
CHK Oil Limited has convened its annual general meeting for 26 June 2026 in Hong Kong, where shareholders will review and adopt the audited financial statements for the year ended 31 December 2025 and consider the re-appointment of its external au...
CHK Oil Swings to Profit on Impairment Reversals Despite Revenue Slump
Mar 31, 2026
CHK Oil Limited reported a sharp decline in revenue to HK$58.8 million for 2025 from HK$153.1 million a year earlier, but swung from a loss to a profit as it booked substantial reversals of previous impairments on property, plant, equipment and in...
CHK Oil Moves to Modernise Bye-Laws for Digital and Governance Reforms
Mar 31, 2026
CHK Oil Limited plans to amend its existing bye-laws to align them with recent changes to Hong Kong Listing Rules on electronic corporate communications, hybrid meetings, electronic voting and proxy addresses, and to bring them into line with Berm...
CHK Oil Flags Return to Profit on Utah Asset Revaluation and One-Off Cost Relief
Mar 30, 2026
CHK Oil Limited has signalled a sharp turnaround in its 2025 performance, indicating it expects to post a net profit of at least HK$16.2 million attributable to shareholders, compared with a loss of about HK$21.5 million a year earlier. The improv...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.