COSCO Shipping Energy rose another 4%, its first-quarter results may exceed expectations, and the industry is expected to usher in a longer upward cycle.

stock analyst • • stock options

Guotai Junan pointed out that the situation in the Middle East has become tense again, and the short-term impact on oil transportation may intensify. We are still optimistic about the super bull market option of oil transportation based on long-term logic. The capacity utilization rate of the oil transportation industry has reached the threshold. Supply and demand will continue to improve in the next few years, and the rise and continuation of the economy will exceed expectations. The super bull market in oil transportation will provide dual space for performance valuation, and Q1 performance growth is expected to exceed expectations.

COSCO Shipping Energy rose another more than 4%. As of press time, it rose 3.45% to HK$8.99, with a transaction volume of HK$129 million.
Guotai Junan pointed out that the situation in the Middle East has become tense again, and the short-term impact of oil transportation may intensify.
We are still optimistic about the super bull market option of oil transportation based on long-term logic. The capacity utilization rate of the oil transportation industry has reached the threshold. Supply and demand will continue to improve in the next few years, and the rise and continuation of the economy will exceed expectations.
The super bull market in oil transportation will provide dual space for performance valuation, and Q1 performance growth is expected to exceed expectations.
JPMorgan Chase issued a research report stating that the geographical misalignment of refinery capacity and consumer demand, as well as the reorganization of oil trade, have led to structural growth in ton-mile demand for tanker transportation. Coupled with limited room for supply improvement, it is expected to drive the growth of tankers. The shipping industry, including product tankers and crude oil tankers, is ushering in a longer-term upward cycle.

Like (0)
stock analyststock analyst
Previous April 25, 2024 5:08 pm
Next April 25, 2024 5:08 pm

Related posts

  • Marico surges 10% on strong Q4 results; brokerages bullish with upgraded price targets

    Shares of Marico Ltd zoomed 10 per cent on Tuesday after the company reported a 4.9 per cent rise in consolidated net profit in quarter that ended March 2024. A few brokerages even upgraded the FMCG company post-results and hiked price targets.

    stock options May 8, 2024

  • Nanda Optoelectronics: Net profit in the first quarter of 2024 was 82.1105 million yuan, a year-on-year increase of 9.52%

    CSI Intelligent Financial News Nanda Optoelectronics (300346) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 509 million yuan, a year-on-year increase of 27.88%; net profit attributable to the parent company was 82.1105 million yuan, a year-on-year increase of 9.52%; non-net profit after deducting 61.5303 million yuan, a year-on-year increase of 14.40%; generated from operating activities Net cash flow was -21.4457 million yuan, compared with 8.4528 million yuan in the same period last year; during the reporting period, Nanda Optoelectronics\’ basic earnings per share was 0.15 yuan, and the weighted average return on net assets was 3.63%.

    stock options April 25, 2024

  • Stocks that will see action today (April 26)

    Tata Steel will invest £1.25 billion to build a modern electric arc furnace in Port Talbot and commence closure of the existing heavy-end assets in the following months. A Voluntary Redundancy Aspiration process will be launched across Tata Steel UK from May 15. The move follows seven months of formal and informal national-level discussions with UK trade unions, Tata Steel said in a statement.

    stock options April 26, 2024

  • False

    Vanguard appoints BlackRock veteran Salim Ramji as next CEO Vanguard appoints BlackRock veteran Salim Ramji as next CEO

    stock options 1 day ago

  • Sensex ends marginally lower, Nifty holds steady

    Benchmark Sensex declined over 45 points in highly volatile trade on Wednesday, tracking weak Asian markets and continuous foreign fund outflows.

    stock options May 8, 2024

  • The overall cost performance of major U.S. Internet companies remains outstanding

    CITIC Securities believes that driven by factors such as macroeconomic resilience, share improvement, cost reduction and efficiency improvement, the overall performance of the US Internet sector in the first quarter is expected to exceed expectations. In terms of sectors, online advertising and e-commerce are the sub-sectors with the highest certainty. Benefiting from the macroeconomics and the continuous upgrade of AI recommendation systems, revenue and profit growth are expected to further accelerate. In the streaming media industry, driven by factors such as the relatively slow release of content, membership advertising, and crackdowns on shared accounts, leading companies are expected to benefit. In the local life sector, the trend of major companies reducing losses continues and demand remains stable. In addition, the improvement in cash flow of major Internet companies also brings potential opportunities for shareholder return growth. In terms of valuation, although expectations for interest rate cuts by the Federal Reserve continue to fluctuate, the valuations of major Internet companies have not deviated significantly from the valuation center of the past five years, and the overall price/performance ratio remains outstanding.

    stock options April 15, 2024