On July 21, COSCO Shipping Energy Transportation (01138.HK) rose 3.21% in regular trading, trading at HKD 12.23 per share, with turnover of approximately HKD 78.26 million.

On the news front, the company held a special shareholders meeting on July 20, where both resolutions were approved with overwhelming support. The meeting passed the Qatar Energy Phase 2 single-vessel company charter performance guarantee proposal and the appointment of Wang Mingfeng as executive director. A total of 3,077,636,029 shares participated in voting, representing 56.25% of total issued shares. The business expansion signal from the Qatar Energy Phase 2 project continues to bolster market confidence.

The stock had experienced a significant cumulative decline since early July due to Strait of Hormuz navigation uncertainties and consecutive reductions by BlackRock, whose H-share stake dropped from 9.38% to 8.51%. With negative catalysts gradually digested and H1 net profit forecast at approximately RMB 4.5 billion (up 141% YoY), the oversold rebound demand continues to be released.

(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.)