Stock Surge: COSCO SHIP ENGY Rises Over 3% on MSCI Inclusion, Q2 Outlook Bullish

Stock News05-20

COSCO SHIP ENGY (01138) rose more than 3%. As of writing, the stock is up 3.44% to HKD 18.33, with a turnover of HKD 66.14 million. The catalyst is the recent announcement of MSCI's May index review results, where COSCO SHIP ENGY has been newly added to the MSCI China Index. The adjustment will take effect after the market close on May 29. Goldman Sachs believes a VLCC super-cycle is being driven by tight capacity and reinforced by industry consolidation, with COSCO SHIP ENGY as a primary beneficiary. Guotai Haitong research notes that Middle East conflicts have blocked key straits, causing freight rates to surge significantly. Simultaneous reductions in crude oil imports and exports, with a direct and significant impact on Asia, are being partially offset by increased exports from the US and Russia. The tanker market is experiencing a super bull run. With the operational efficiency of the Chinese fleet exceeding the industry average, a significant year-on-year performance increase for Q2 2026 is expected to continue surpassing expectations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment