COMEC (00317) rose more than 8% in Hong Kong trading. As of the time of writing, the stock was up 8.23% to HK$17.5, with a turnover of HK$78.3293 million. On the news front, Xiangcai Securities believes that in the defense sector, escalating conflicts in the Middle East may accelerate a global arms race, potentially boosting valuations for missile, drone, air defense system, and naval vessel industry chains. Shenwan Hongyuan noted that the shipbuilding industry chain is characterized by heavy assets and is less susceptible to technological obsolescence, classifying it as a HALO-type asset. The high demand in the VLCC market is expected to gradually transmit upstream to shipbuilding, supporting optimism for future ship price increases. Shipbuilders' long-term earnings forecasts may see upward revisions, with attention on currently undervalued shipbuilding stocks.