COSCO SHIP ENGY (01138) surged over 6% again, rising 6.34% to HK$7.71 as of press time, with trading volume reaching HK$80.8056 million.

On the news front, media reports indicate that eight OPEC+ countries will hold an online meeting to decide on October oil production levels. If further production increase plans are approved, OPEC+ will begin unwinding approximately 1.65 million barrels per day of production cuts, equivalent to 1.6% of global demand, which would be more than a year ahead of the original schedule.

Huayuan Securities previously noted that with OPEC+ production increases accelerating consecutively, the oil transportation market sentiment is expected to improve significantly in Q4 2025.

Bank of America Securities released a research report stating that COSCO SHIP ENGY's first-half operational performance largely met expectations, with net profit exceeding expectations mainly due to one-time gains. The firm raised its earnings forecasts for 2025-2027 to reflect the tailwinds brought to the crude oil tanker market by OPEC+ production increases and tightening U.S. sanctions.

The firm maintains a "Buy" rating, believing the group will be a major beneficiary of the tanker market recovery, and considers that current valuations do not fully reflect the return on equity prospects for 2025-2026.