Bank of America Securities Raises COSCO SHIP ENGY (01138) Target Price to HK$7.9, Expected to Benefit from Industry Tailwinds

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Sep 01

Bank of America Securities released a research report stating that COSCO SHIP ENGY (01138) delivered first-half operational performance that broadly met expectations, with net profit exceeding expectations mainly due to one-time gains. The firm has raised its earnings forecasts for 2025-2027 to reflect the tailwinds for the crude oil tanker market from OPEC+ production increases and tightening US sanctions. The firm maintains its "Buy" rating, believing the group will be a major beneficiary of the tanker market recovery, and considers that current valuations do not fully reflect the return on equity (ROE) prospects for 2025-26. The H-share target price has been raised from HK$7.5 to HK$7.9, while the A-share target price for Cosco Shipping Energy Transportation Co.,Ltd. (600026.SH) has been increased from RMB 13 to RMB 13.6.

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The firm has raised its earnings forecasts for 2025-2027 to reflect the tailwinds for the crude oil tanker market from OPEC+ production increases and tightening US sanctions. The firm maintains its \"Buy\" rating, believing the group will be a major beneficiary of the tanker market recovery, and considers that current valuations do not fully reflect the return on equity (ROE) prospects for 2025-26. The H-share target price has been raised from HK$7.5 to HK$7.9, while the A-share target price for Cosco Shipping Energy Transportation Co.,Ltd. (600026.SH) has been increased from RMB 13 to RMB 13.6.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0183","symbol_name":"MSCI概念","start_time":0,"source_url":"","article_id":"1186151339","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1186151339","pubTimestamp":1756711961,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Bank of America Securities released a research report stating that COSCO SHIP ENGY (01138) delivered first-half operational performance that broadly met expectations, with net profit exceeding...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"161027":"证券","600026":"中远海能","BK0183":"MSCI概念","01138":"中远海能","BK0188":"融资融券","BK0270":"水上运输","SG9999014674.SGD":"Nikko AM All China Equity A SGD","BK0020":"浦东新区","BK1535":"港口运输股","BK0012":"证金概念","BK0010":"央企","BK0028":"国家队","BK1166":"石油与天然气的储存和运输"},"translate_title":"美银证券上调中远船机(01138)目标价至7.9港元，料受惠行业顺风","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"161027":1,"600026":1,"01138":1},"content_text":"Bank of America Securities released a research report stating that COSCO SHIP ENGY (01138) delivered first-half operational performance that broadly met expectations, with net profit exceeding expectations mainly due to one-time gains. 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