Investment Daily Note

Today is the last trading day this week. It will be Easter holiday period from tomorrow to next Monday, and HK market will be closed. Turnover of today may stay low; Hang Seng Index continues narrow-range trading within 20,300 to 20,600.

    Last year revenue and profit ofPetroChina (857.HK) tumbles to its lowest level since 1999, recording down 24.4% and down 66.9% yoy respectively, as energy prices dropped significantly. We think the results priced in, but volatile crude oil prices would keep posting uncertainty to the stock price;CNOOC (883.HK) is scheduled to release its results FY15 after the market close.