Guotai Haitong Securities: Forecasts COSCO SHIP ENGY (01138) to Achieve Record Profit in 2025, Sets Target Price at HK$20.26

Stock News
Jan 26

Guotai Haitong Securities has released a research report stating that the boom in the oil shipping sector has now persisted for four consecutive years, with expectations that COSCO SHIP ENGY (01138) will reach a new profit peak in 2025, and that its first-quarter 2026 performance will show substantial year-on-year growth. The firm anticipates that the favorable conditions in the oil shipping market are likely to continue exceeding expectations in the coming years, with international oil shipping profits demonstrating significant resilience. It has assigned the company a target price of HK$20.26 and maintains an "Add" rating. Taking into account factors such as COSCO SHIP ENGY's profit lag and losses from the scrapping of older vessels, the firm has adjusted its 2025 net profit forecast down to 4.5 billion yuan, while maintaining its 2026 forecast of 6.6 billion yuan and projecting a figure of 7.0 billion yuan for 2027.

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