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Express News | COSCO SHIP ENGY: The capital increase for CLNG does not exceed 0.11 billion USD.
Express News | COSCO SHIP ENGY: The freight rates in the fourth quarter are slightly weaker compared to previous years, but the VLCC time charter rates remain strong.
Hong Kong stocks movement | Shipping stocks collectively declined as ceasefire negotiations continue to advance. Institutions indicate significant uncertainty in short-term freight rates.
Shipping stocks collectively declined. As of the time of writing, SITC (01308) fell by 3.84%, trading at 19.52 HKD; OOIL (00316) dropped by 3.47%, trading at 100.2 HKD; PACIFIC BASIN (02343) decreased by 3.01%, trading at 1.61 HKD.
Hong Kong stock market afternoon review | The three major Indexes have all fallen, with the technology Index dropping by 0.49%; the 5G Sector and Lithium Battery Sector show strength against the trend, ZTE soaring over 7%, and BYD shares rising over 2%.
Network Technology stocks fell, with Alibaba-W dropping 1.48% and JD-SW declining 1.25%; Building Materials stocks generally declined, with CHINA TIANRUI falling 9.09% and CONCH CEMENT down 2.79%; Hong Kong Retail Stocks rose, with BONJOUR HOLD decreasing 4.74% and PRADA increasing 2.66%.
Hong Kong stocks movement | COSCO SHIP ENGY (01138) fell nearly 3% in the morning as OPEC+ continues to delay production resumption plans, with the oil transportation peak season in the fourth quarter being lower than expected.
COSCO SHIP ENGY (01138) fell nearly 3% in the morning session. As of the time of writing, it is down 2.83%, at 5.83 Hong Kong dollars, with a trading volume of 41.5938 million Hong Kong dollars.
Buy Recommendation for COSCO SHIPPING Energy Transportation Co: Capitalizing on Strategic Positioning and Industry Upcycle