COSCO SHIP ENGY (01138) surged over 6%. As of press time, the stock was up 6.37% to HK$9.19, with trading volume reaching HK$193 million.

On the news front, OPEC+ will begin increasing crude oil production by 137,000 barrels per day starting in November, representing a relatively moderate production increase. Analysts noted that regarding oil transportation, with OPEC+ production increase expectations, peak season combined with low base effects, and the US strengthening sanctions against Russia and Iran, this year's peak season looks promising.

Bank of America previously stated that COSCO SHIP ENGY's first-half operational performance was broadly in line with expectations, with net profit exceeding forecasts mainly due to one-time gains. The bank raised its earnings forecasts for 2025-2027 to reflect the tailwinds brought to the crude oil tanker market by OPEC+ production increases and tightened US sanctions.

The bank maintains a "Buy" rating, believing the group will become a major beneficiary of the tanker market recovery.