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

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