Stock Track | COSCO SHIP ENGY Soars 5.10% Intraday on Strong Q1 Earnings and Goldman Sachs Upgrade

Stock Track05-04

COSCO SHIP ENGY's stock price surged 5.10% during Monday's intraday trading session.

The significant upward movement follows the company's release of record-breaking first-quarter financial results. Quarterly revenue grew 26.9% year-over-year to RMB 7.303 billion, while net profit attributable to shareholders skyrocketed 207.09% to RMB 2.173 billion. A key driver was the performance of its foreign trade oil shipping business, where gross profit soared 317.6% year-over-year to RMB 2.24 billion, fueled by sharp increases in freight rates amid geopolitical events.

Adding to the positive sentiment, investment bank Goldman Sachs raised its earnings forecast for the company by 3% to 4% and increased its H-share target price from HKD 29 to HKD 30, maintaining a Buy rating. The bank noted that a VLCC (Very Large Crude Carrier) super-cycle, driven by tight vessel capacity, positions COSCO SHIPPING Energy as a primary beneficiary, providing continued upward momentum for the stock.

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1138542107?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-04 09:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1138542107","market":"sg","top_or_hot":-1,"title":"Stock Track | COSCO SHIP ENGY Soars 5.10% Intraday on Strong Q1 Earnings and Goldman Sachs Upgrade","media":"Stock Track","content":"<p>COSCO SHIP ENGY's stock price surged 5.10% during Monday's intraday trading session.</p><p>The significant upward movement follows the company's release of record-breaking first-quarter financial results. Quarterly revenue grew 26.9% year-over-year to RMB 7.303 billion, while net profit attributable to shareholders skyrocketed 207.09% to RMB 2.173 billion. A key driver was the performance of its foreign trade oil shipping business, where gross profit soared 317.6% year-over-year to RMB 2.24 billion, fueled by sharp increases in freight rates amid geopolitical events.</p><p>Adding to the positive sentiment, investment bank Goldman Sachs raised its earnings forecast for the company by 3% to 4% and increased its H-share target price from HKD 29 to HKD 30, maintaining a Buy rating. The bank noted that a VLCC (Very Large Crude Carrier) super-cycle, driven by tight vessel capacity, positions COSCO SHIPPING Energy as a primary beneficiary, providing continued upward momentum for the stock.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | COSCO SHIP ENGY Soars 5.10% Intraday on Strong Q1 Earnings and Goldman Sachs Upgrade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | COSCO SHIP ENGY Soars 5.10% Intraday on Strong Q1 Earnings and Goldman Sachs Upgrade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-05-04 09:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>COSCO SHIP ENGY's stock price surged 5.10% during Monday's intraday trading session.</p><p>The significant upward movement follows the company's release of record-breaking first-quarter financial results. Quarterly revenue grew 26.9% year-over-year to RMB 7.303 billion, while net profit attributable to shareholders skyrocketed 207.09% to RMB 2.173 billion. A key driver was the performance of its foreign trade oil shipping business, where gross profit soared 317.6% year-over-year to RMB 2.24 billion, fueled by sharp increases in freight rates amid geopolitical events.</p><p>Adding to the positive sentiment, investment bank Goldman Sachs raised its earnings forecast for the company by 3% to 4% and increased its H-share target price from HKD 29 to HKD 30, maintaining a Buy rating. The bank noted that a VLCC (Very Large Crude Carrier) super-cycle, driven by tight vessel capacity, positions COSCO SHIPPING Energy as a primary beneficiary, providing continued upward momentum for the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01138","symbol_name":"中远海能","start_time":0,"source_url":"","article_id":"1138542107","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138542107","pubTimestamp":1777859631,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"COSCO SHIP ENGY's stock price surged 5.10% during Monday's intraday trading session.The significant upward movement follows the company's release of record-breaking first-quarter financial results....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01138":"中远海能"},"translate_title":"个股追踪|中远船舶ENGY盘中大涨5.10%，因Q1盈利强劲和高盛上调评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01138":1},"content_text":"COSCO SHIP ENGY's stock price surged 5.10% during Monday's intraday trading session.The significant upward movement follows the company's release of record-breaking first-quarter financial results. Quarterly revenue grew 26.9% year-over-year to RMB 7.303 billion, while net profit attributable to shareholders skyrocketed 207.09% to RMB 2.173 billion. A key driver was the performance of its foreign trade oil shipping business, where gross profit soared 317.6% year-over-year to RMB 2.24 billion, fueled by sharp increases in freight rates amid geopolitical events.Adding to the positive sentiment, investment bank Goldman Sachs raised its earnings forecast for the company by 3% to 4% and increased its H-share target price from HKD 29 to HKD 30, maintaining a Buy rating. The bank noted that a VLCC (Very Large Crude Carrier) super-cycle, driven by tight vessel capacity, positions COSCO SHIPPING Energy as a primary beneficiary, providing continued upward momentum for the stock.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1138542107","isCrawlerRequest":true}