On August 19, COSCO SHIP ENGY rose 3.82% in regular trading, trading at HKD 15.77/share, with turnover of HKD 168 million.
On the news front, the Hong Kong Stock Exchange disclosed that BlackRock increased its holdings in COSCO SHIP ENGY H-shares on August 13, raising its stake from 6.52% to 7.30%, surpassing the psychologically significant 7% threshold. This move by the world's largest asset manager signals institutional confidence in the energy shipping leader's outlook. Concurrently, the company previously issued a profit alert forecasting H1 net profit attributable to shareholders of approximately RMB 4.5 billion, representing YoY growth of approximately 141%, with Q2 net profit of approximately RMB 2.327 billion, up roughly 7% QoQ. The board is scheduled to convene on August 28 to review interim results and consider an interim dividend proposal, with dividend expectations providing near-term catalytic support.
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