Following a significant rally, Anton Oilfield Services (03337) surged over 15% again, bringing its cumulative increase for the month to more than 60%. At the time of writing, the stock was up 13.39%, trading at HK$1.27, with a turnover of HK$39.8 million.

The U.S. Air Force has announced it will conduct a multi-day readiness exercise in the Middle East. Expectations of escalating tensions in Iran have intensified, with market concerns rising over potential supply disruptions for Iranian crude oil, oil products, and certain chemicals. Geopolitical friction between the U.S. and Iran is boosting risk premiums and safe-haven demand, pushing international crude oil prices higher and significantly increasing short-term volatility for crude and oil products.

Anton Oilfield Services recently announced that in the fourth quarter of 2025, the Group secured project orders in Iraq for oilfield operation and maintenance services, energy storage retrofit technical services, and fracturing pump-down technical services, with new orders totaling RMB 1.167 billion. Due to the high base effect from winning a large five-year integrated service project order in the same period last year, new orders for the quarter decreased by 30.5% year-on-year. In other overseas markets, the Group secured multiple large orders, including workover services, mud services, and production equipment and facility services, resulting in a 525.8% year-on-year increase in new orders.