Movement Alert|COSCO Shipping Energy Rises 4.71% in Regular Trading, Technical Rebound After 30% Pullback Supported by Institutional Buying Signals

Market Focus07-03 09:43

On July 3, COSCO Shipping Energy (01138.HK) rose 4.71% in regular trading, trading at HKD 14.59/share, with turnover of HKD 69.89 million. The stock had previously experienced a cumulative decline exceeding 30% due to disputes over Strait of Hormuz passage terms and the Baltic Dry Index falling to a two-month low.

On the news front, Morgan Stanley increased its position by 362,000 shares on June 25. Guotai Haitong recently published a research report suggesting that declining oil prices combined with the eventual resolution of strait passage issues could unlock valuation upside. Additionally, on July 2 the company confirmed its final dividend of RMB 0.38 per share for fiscal year 2025, to be distributed on August 25, translating to approximately HKD 0.437 per H share. The current dividend yield offers notable attraction, strengthening capital inflows following the extended oversold period.

(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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