Movement Alert|COSCO SHIP ENGY Rises 3.25% in Regular Trading, Technical Rebound After Sharp Drop Supported by JPMorgan Overweight Rating

Market Focus
昨天

On September 30, COSCO SHIP ENGY rose 3.25% in regular trading, trading at 18.37 HKD/share, with turnover of approximately 44.36 million HKD, stabilizing notably after the previous session's over 5% decline.

On the news front, JPMorgan recently reiterated its Overweight rating on COSCO SHIP ENGY, recommending investors buy on the pullback. The bank noted that based on a daily average of USD 100,000 for its benchmark scenario, the H-share price-to-earnings ratio stands at approximately 11 times, with significant upside potential for earnings. If the average daily time-charter equivalent reaches USD 178,000, the multiple would drop to roughly 6 times.

The stock had previously surged over 80% in two months before entering a correction phase, driven by Middle East export channel recovery expectations and profit-taking. BlackRock also reduced its H-share stake from 8.62% to 5.68% in recent weeks, adding to short-term selling pressure. However, the company's first-half results remained robust, with revenue of 15.079 billion yuan, up 30.26% year-on-year, and adjusted net profit of 4.556 billion yuan, surging 140.58% year-on-year, underpinning fundamental support for the rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10