Buy Recommendation for COSCO SHIPPING Energy Transportation Co: Capitalizing on Strategic Positioning and Industry Upcycle

TipRanksDec 10 15:16

COSCO Ship Engy (600026.SH): The subsidiary intends to participate in the investment plan for the second phase of the Qatar energy project.

On December 9, Gelonghui reported that cosco ship engy (600026.SH) announced that, after review, the board of directors agreed to allow its wholly-owned subsidiary Shanghai cosco shp sg liquefied natural gas investment Co., Ltd. (referred to as "Shanghai cosco shp sg LNG") to participate in the investment plan for Qatar energy Phase II project. This means that Shanghai cosco shp sg LNG will acquire 50% shares in six single-ship companies fully established by Japan's Mitsui O.S.K. Lines (referred to as "MOL") in the Republic of Liberia (referred to as "Liberia") through its wholly-owned subsidiary in Hong Kong, Far Sea Liquefied Natural Gas Investment Co., Ltd. (referred to as "Far Sea LNG"), participating in the investment and construction of six ships.

Gelonghui FinanceDec 9 17:37

cosco ship engy (600026.SH): plans to dispose of the 'Xinningyang' vessel through the transfer of a second-hand ship.

Gelonghui December 9th丨cosco ship engy (600026.SH) announced that, after review, the board of directors approved the company to transfer the "Xinningyang" ship through second-hand ship transfer, and will list it for disposal through Shanghai United Property Exchange Co., Ltd. after determining the due diligence and qualification confirmation conditions of the recipient.

Gelonghui FinanceDec 9 17:35

Goldman Sachs: Next year, the top picks in the tourism, leisure, and transportation sector in China are Trip.com (09961.HK), Tongcheng (00780.HK), h world group (01179.HK), Galaxy Entertainment (0027.HK), Sands China (01928.HK), Air China (00753.HK), cosc

Goldman Sachs have released a research report indicating that two years after the epidemic, China's travel demand has largely returned to normal. It is expected that outbound and inbound travel to the mainland will grow in sync next year. In addition to benefiting online travel platforms (OTA), this will also drive the development of hotels and airlines. Currently, it is predicted that the stock prices of China's travel, leisure, and transportation sector will stabilize from the end of the first quarter next year, and hotel and airlines company valuations are expected to see a modest rebound. The bank also sees potential for the Macau gaming industry to benefit from policy support, improving market sentiment. It is expected that the industry will face reduced profit pressure under market competition easing. Sectors that Goldman Sachs is currently less bullish on include airports, duty-free, and travel technology.

AASTOCKSDec 9 10:32

Shipping stocks rose, cosco ship engy (01138) increased by 3.52%. Institutions indicate that eco-friendly concept regulations are tightening, and bulk cargo market freight rates are expected to rise.

Jingwu finance news | Shipping stocks are rising, with cosco ship engy (01138) up 3.52%, sinotrans limited (00598) up 2.99%, pacific basin (02343) up 2.09%, cosco shipping development (02866) up 1.92%, and ooil (00316) up 1.2%. On the news side, boc international stated that eco-friendly regulations are impacting the bulk shipping market, and the new ship market remains highly prosperous. Eco-friendly regulations are driving the elimination of old capacity, and the global trade pattern is changing, as the bulk shipping market is undergoing transformation. With the International Maritime Organization (IMO) setting emission standards for ships.

Jingwu Financial NewsDec 6 13:41

Hong Kong stocks movement | COSCO SHIP ENGY (01138) rises over 4% after being targeted by China Pacific Insurance. Institutions are Bullish on the mid-term prospects of VLCC.

COSCO Ship Engy (01138) rose over 4%, as of the time of this report, it increased by 4.19%, reaching 6.21 Hong Kong dollars, with a transaction amount of 47.7127 million Hong Kong dollars.

Zhitong FinanceDec 6 11:08