On August 28, COSCO SHIP ENGY rose 3.13% in regular trading, trading at HK$16.57/share, with turnover of HK$99.55 million.

On the news front, the company is holding its board meeting today to review interim results and a potential interim dividend. The company previously issued a profit alert indicating first-half net profit attributable to shareholders of approximately RMB 4.5 billion, representing a year-on-year increase of approximately 141%, with earnings materialization expectations driving bullish sentiment.

Additionally, Iran and Oman recently issued a joint statement initiating consultations on establishing a temporary maritime corridor through the Strait of Hormuz, boosting reopening expectations and providing a tailwind for the oil transportation sector. Combined with BlackRock's earlier increase of its H-share stake to 7.30%, the selling pressure triggered by Morgan Stanley's stake reduction and pre-earnings caution in the prior two sessions has notably eased, supporting the stock's stabilization and rebound.

(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.)