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.

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.

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