Cosco Shipping Energy Transportation Surges Over 5% During Trading, Goldman Sachs Issues "Buy" Rating

Deep News03-24 10:41

Shares of Cosco Shipping Energy Transportation (01138) rose more than 5% during the trading session. At the time of writing, the stock was up 3.86%, trading at HKD 20.46, with a turnover of HKD 397.5 million.

Goldman Sachs released a research report expressing optimism about the current supercycle for Very Large Crude Carriers (VLCCs). The report projects potential upside of 36% for the company's A-shares (600026.SH) and 51% for its H-shares (01138) from current levels. This outlook is based on factors including tight vessel supply, global oil inventory restocking, trade route diversions, and significantly enhanced pricing power due to increased market concentration in the VLCC sector.

The investment bank raised its full-year 2026 average VLCC time charter equivalent (TCE) rate forecast from USD 80,000 per day to USD 150,000 per day. Consequently, Goldman Sachs increased its profit forecasts for Cosco Shipping Energy Transportation for 2026 and 2027 by 81% and 59%, respectively, to RMB 13.0 billion and RMB 11.0 billion. This implies return on equity figures of 23% and 19% for those years.

The target price for the company's H-shares was raised substantially by 81% to HKD 29, while the target for its A-shares was increased by 78% to RMB 32. A "Buy" rating was affirmed.

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/1152145716?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-24 10:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1152145716","market":"hk","top_or_hot":-1,"title":"Cosco Shipping Energy Transportation Surges Over 5% During Trading, Goldman Sachs Issues \"Buy\" Rating","media":"Deep News","content":"<p>Shares of Cosco Shipping Energy Transportation (01138) rose more than 5% during the trading session. At the time of writing, the stock was up 3.86%, trading at HKD 20.46, with a turnover of HKD 397.5 million.</p>\n<p>Goldman Sachs released a research report expressing optimism about the current supercycle for Very Large Crude Carriers (VLCCs). The report projects potential upside of 36% for the company's A-shares (600026.SH) and 51% for its H-shares (01138) from current levels. This outlook is based on factors including tight vessel supply, global oil inventory restocking, trade route diversions, and significantly enhanced pricing power due to increased market concentration in the VLCC sector.</p>\n<p>The investment bank raised its full-year 2026 average VLCC time charter equivalent (TCE) rate forecast from USD 80,000 per day to USD 150,000 per day. Consequently, Goldman Sachs increased its profit forecasts for Cosco Shipping Energy Transportation for 2026 and 2027 by 81% and 59%, respectively, to RMB 13.0 billion and RMB 11.0 billion. This implies return on equity figures of 23% and 19% for those years.</p>\n<p>The target price for the company's H-shares was raised substantially by 81% to HKD 29, while the target for its A-shares was increased by 78% to RMB 32. A \"Buy\" rating was affirmed.</p>","source":null,"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>Cosco Shipping Energy Transportation Surges Over 5% During Trading, Goldman Sachs Issues \"Buy\" Rating</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\">\nCosco Shipping Energy Transportation Surges Over 5% During Trading, Goldman Sachs Issues \"Buy\" Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-03-24 10:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Cosco Shipping Energy Transportation (01138) rose more than 5% during the trading session. At the time of writing, the stock was up 3.86%, trading at HKD 20.46, with a turnover of HKD 397.5 million.</p>\n<p>Goldman Sachs released a research report expressing optimism about the current supercycle for Very Large Crude Carriers (VLCCs). The report projects potential upside of 36% for the company's A-shares (600026.SH) and 51% for its H-shares (01138) from current levels. This outlook is based on factors including tight vessel supply, global oil inventory restocking, trade route diversions, and significantly enhanced pricing power due to increased market concentration in the VLCC sector.</p>\n<p>The investment bank raised its full-year 2026 average VLCC time charter equivalent (TCE) rate forecast from USD 80,000 per day to USD 150,000 per day. Consequently, Goldman Sachs increased its profit forecasts for Cosco Shipping Energy Transportation for 2026 and 2027 by 81% and 59%, respectively, to RMB 13.0 billion and RMB 11.0 billion. This implies return on equity figures of 23% and 19% for those years.</p>\n<p>The target price for the company's H-shares was raised substantially by 81% to HKD 29, while the target for its A-shares was increased by 78% to RMB 32. A \"Buy\" rating was affirmed.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0183","symbol_name":"MSCI概念","start_time":0,"source_url":"","article_id":"1152145716","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152145716","pubTimestamp":1774320081,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Shares of Cosco Shipping Energy Transportation (01138) rose more than 5% during the trading session. At the time of writing, the stock was up 3.86%, trading at HKD 20.46, with a turnover of HKD 397.5...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600026":"中远海能","BK0183":"MSCI概念","BK0028":"国家队","BK0270":"水上运输","01138":"中远海能","BK0188":"融资融券","BK1535":"港口运输股","BK0012":"证金概念","BK0010":"央企","BK0020":"浦东新区","BK1166":"石油与天然气的储存和运输","SG9999014674.SGD":"Nikko AM All China Equity A SGD"},"translate_title":"中远海运能源运输盘中大涨超5%高盛予“买入”评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600026":1,"01138":1},"content_text":"Shares of Cosco Shipping Energy Transportation (01138) rose more than 5% during the trading session. At the time of writing, the stock was up 3.86%, trading at HKD 20.46, with a turnover of HKD 397.5 million.\nGoldman Sachs released a research report expressing optimism about the current supercycle for Very Large Crude Carriers (VLCCs). The report projects potential upside of 36% for the company's A-shares (600026.SH) and 51% for its H-shares (01138) from current levels. This outlook is based on factors including tight vessel supply, global oil inventory restocking, trade route diversions, and significantly enhanced pricing power due to increased market concentration in the VLCC sector.\nThe investment bank raised its full-year 2026 average VLCC time charter equivalent (TCE) rate forecast from USD 80,000 per day to USD 150,000 per day. Consequently, Goldman Sachs increased its profit forecasts for Cosco Shipping Energy Transportation for 2026 and 2027 by 81% and 59%, respectively, to RMB 13.0 billion and RMB 11.0 billion. This implies return on equity figures of 23% and 19% for those years.\nThe target price for the company's H-shares was raised substantially by 81% to HKD 29, while the target for its A-shares was increased by 78% to RMB 32. A \"Buy\" rating was affirmed.","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":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":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":"4.38.0","shortVersion":"4.38.0","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/1152145716","isCrawlerRequest":true}