BUZZ-COSCO Shipping Energy climbs on robust earnings estimate

Reuters01-24

** Hong Kong shares of COSCO Shipping Energy Transportation Co Ltd climb 4.4% to HK$7.77, on track for biggest one-day pct gain since Jan 15 if trend holds

** Shanghai-listed stock climbs 1.5%

** Chinese oil products and liquefied natural gas shipping group says it expects its 2023 net profit to jump 112%-167% Y/Y to 3.1 bln-3.9 bln yuan ($432.1 mln-$543.6 mln), thanks to solid performance of its international oil shipping business

** Co says freight rates of international oil tanker held up relatively firm in volatile market environment, stable growth maintained in domestic oil shipping and LNG transportation businesses

** In China, the blue-chip CSI 300 Index falls 1.1%, the Shanghai Composite Index eases 0.7%

** In Hong Kong, the Hang Seng Commerce & Industry Index

gains 0.8% and the Hang Seng Index adds 0.5%

($1 = 7.1747 yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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