COSCO SHIP ENGY (01138) jumped more than 6% during trading sessions. As of press time, the stock was up 4.14% to HK$7.55, with trading volume reaching HK$91.93 million.

According to media reports, eight OPEC+ countries will hold an online meeting to determine oil production levels for October. Should further production increase plans be approved, OPEC+ would begin reversing 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 is expected to see significant improvement in business conditions by 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 profits exceeding forecasts primarily due to one-time gains. The firm has raised its earnings forecasts for 2025-2027 and maintains a "buy" rating, believing the group will be a primary beneficiary of the tanker market recovery. The firm also considers that current valuations do not fully reflect the return on equity prospects for 2025-2026.