Huatai Securities Initiates Coverage of CIMC Group with "Overweight" Rating, Citing Recovery in Offshore Drilling Demand
HONG KONG, July 28, 2023 - (ACN Newswire) - Recently, Huatai Securities issued a research report pointed out that the recovery of offshore demand and the shortage in the supply side come at the same time. In light of this, offshore drilling platforms have become scarce in the industry chain. CIMC Group, having strategically laid out its offshore equipment business fifteen years ago, has emerged as the major player in deepwater platform design and construction in China. Its offshore oil drilling platforms have been successfully deployed worldwide in major offshore oil and gas production areas, ...