COSCO Shipping Energy's Shanghai shares hit 16-month low on weak outlook

Reuters2021-07-21

** Shanghai shares of COSCO Shipping Energy Transportation Co Ltd fall 5.7% to 5.66 yuan, lowest since March 2020

** Stock of the Chinese oil products and liquefied natural gas shipping group on track for the worst day since Jan. 28 in its second straight session of decline

** Co expects its H1 profit to drop to 503 mln-603 mln yuan ($77.68 mln-$93.12 mln) from 2.955 bln yuan profit a year earlier amid slow recovery in global oil demand and sluggish international oil shipping market

** Co's Hong Kong-listed shares fall 3.5% to HK$3.07, the lowest since Feb. 8, and on course for a fourth straight session of decline

** The Hong Kong Hang Seng Commerce & Industry Index drops 0.8%, and the composite industry index tracking energy stocks slips 0.7%%

** The Hang Seng China Enterprises Index eases 0.7%, and the benchmark index slides 0.5%

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Comments

Gum
2021-08-06
Gum
Hoi
HeoMoi
2021-07-21
HeoMoi
Nice
Kelvyn
2021-07-21
Kelvyn
Good goood good.!!
Henryee18
2021-07-21
Henryee18
Good good good
palanisamy
2021-07-21
palanisamy
Great
jenx
2021-07-21
jenx
Pls likey
- chefbean:
  Gd job

Leave a comment

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