On September 3, COSCO SHIP ENGY rose 4.31% in regular trading, trading at HKD 17.38/share, with turnover of HKD 41.50 million. The rally was primarily driven by the company's strong first-half earnings results and continued institutional accumulation.

According to the company's interim report, COSCO SHIP ENGY posted revenue of approximately RMB 15.08 billion for H1, up 30.3% year over year. Net profit attributable to shareholders surged 141% to RMB 4.56 billion, with EPS rising to RMB 0.8322 from RMB 0.3969. Gross margin improved significantly by 18.4 percentage points to 41.4%, while operating cash flow climbed 128.5% to RMB 6.96 billion. The board approved an interim dividend of RMB 0.28 per share.

On the institutional front, BlackRock recently raised its H-share stake by 0.69 percentage points to 7.19%, signaling sustained confidence from global asset managers. The board also approved a capital increase of RMB 980 million for the construction of four VLGCs, expanding fleet capacity.

At the industry level, ongoing geopolitical disruptions and restricted passage through the Strait of Hormuz and Bab el-Mandeb continue to support elevated VLCC freight rate expectations, underpinning the company's earnings outlook.

(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.)