On May 22, COSCO Shipping Energy rose 3.57% in regular trading, trading at 18.81 HKD/share, with trading volume of approximately 87.93 million HKD. This marks the third consecutive day of rebound following a cumulative decline of over 9% from May 14 to 18.
On the news front, the MSCI China Index will officially include COSCO Shipping Energy on May 29, with passive fund allocation demand ahead of the effective date providing sustained price support. Institutionally, JPMorgan increased its position by approximately 4.29 million shares on May 18 at an average price of 17.68 HKD, raising its stake to 6.05%. Goldman Sachs views the VLCC super cycle as being driven by fleet capacity tightness, identifying COSCO Shipping Energy as a primary beneficiary. Guotai Junan expects Q2 earnings to exceed expectations, supported by elevated freight rate levels as Hormuz Strait disruptions continue to push up oil shipping rates.
(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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