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Cathay Pacific Junan: The profit center of 24Q1 tanker owners will continue to rise and continue to be optimistic about oil transportation super bull market options
The capacity utilization rate of the oil transportation market has reached a threshold. It is expected that supply and demand will continue to improve in the next few years, and the rise and continuation of the boom will exceed expectations, so strategic attention should be paid.
Direct impact of changes | Orient Overseas International led shipping stocks with an increase of more than 5%. Red Sea routes are still blocked, and several airlines have once again announced price increases
The Zhitong Finance App learned that shipping stocks rose collectively in early trading. As of press release, Orient Overseas International (00316) rose 5.94% to HK$139.4; Pacific Shipping (02343) rose 4.38% to HK$2.86; COSCO Marine Holdings (01919) rose 4.3% to HK$13.1; COSCO Marine (01138) rose 2.8% to HK$11. According to the news, the Houthis have announced earlier that they will continue to expand the scope of the attack, and all ships bound for Israeli ports will be targeted. Shen Wan Hongyuan said that the market had previously underestimated the continued disturbance of the Red Sea by the Husai armed forces
COSCO SHIPPING Energy Transportation Co., Ltd.'s (HKG:1138) P/E Is On The Mark
When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 9x, you may consider COSCO SHIPPING Energy Transportation Co., Ltd. (HKG:1138) as a stock to potentially
Changes in Hong Kong stocks | COSCO Haineng (01138) rose nearly 4%, recent high freight rate fluctuations, and the central rise in oil transportation is expected to exceed expectations
COSCO Marine Energy (01138) rose nearly 4%. As of press release, it rose 3.6% to HK$10.94, with a turnover of HK$104 million.
COSCO Haineng (01138) guarantees the loan applied for by China Development Hong Kong from Standard Chartered Bank
According to the Zhitong Finance App, COSCO Haineng (01138) issued an announcement. In order to meet operating needs, the company's wholly-owned subsidiary Zhongfa Hong Kong applied for a working capital loan of 70 million US dollars from Standard Chartered Bank (China) Limited Shanghai Branch. The company provided an irrevocable joint liability guarantee for the financing. There is no counterguarantee against the foregoing guarantee.
Major Bank Ratings | Goldman Sachs: There is an upward risk of shipping rates in the second quarter, increasing the target prices of COSCO Marine Control and COSCO Marine Energy
Goldman Sachs published a report stating that there is a risk that shipping rates will rise in the second quarter due to blockages in some ports and the possibility of new demand from non-main routes. On the container side, the bank attributed the rise in freight rates to route diversions due to supply chain disruptions due to the Red Sea conflict, strong short-term demand in the US/European terminal market, urgent shipments/early orders before the peak season, and the growth of non-backbone routes driven by Chinese companies' export strategies. On the cruise side, the bank believes that in the face of long-term supply constraints, potential replenishment of low crude oil stocks may be a catalytic factor boosting freight rates. The bank predicts COSCO Offshore's profit forecast for 2024 to 2026
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Xunting Wu : 中远海控目前都12.54港元了,为什么目标价是7.6?