Movement Alert｜Shanghai Electric Rises 3.25% in Regular Trading, Deep Participation in Jilin-Liaoning-Shanghai Green Methanol Transport Corridor Launch

Market Focus07-02

On July 2, Shanghai Electric rose 3.25% in regular trading, trading at HKD 3.48/share, with turnover of HKD 48.16 million.

On the news front, at the Shanghai International Shipping Green Fuel Sustainable Development Conference held on June 30, Shanghai Electric Group jointly launched the Green Fuel Transport Corridor (Jilin-Shanghai) initiative with the Shanghai Transport Commission, Jilin Provincial Transport Department, and Liaoning authorities. The project establishes a full-chain green methanol corridor spanning production in Jilin Taonan, transit storage at Dalian Port, and bunkering at Shanghai Port. Shanghai Electric serves as the primary builder on the green fuel production capacity end, leveraging its Taonan project to secure the supply foundation for the maritime bunkering center.

Additionally, Moody's previously upgraded the company's issuer rating to A3 with a stable outlook on June 25, signaling international institutional recognition of its fundamentals. Huatai Securities also issued a Buy rating with a target price of HKD 8.06.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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