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Hong Kong Stock Concept Tracking | Trump's tariff policy may disrupt Global oil demand and supply, tanker freight rates may rise in the short term (with concept stocks attached).
If tariffs continue to be implemented, it is expected that the demand for tanker ton-miles will increase, while domestic refining capacity in the USA may decline.
CITIC SEC: Crude Oil Product prices may reach a turning point in supply and demand relations, with the overall investment safety margin in the Chemical Sector being relatively high.
In 2025, the energy and chemical industries still face significant challenges amidst increasing uncertainty in domestic and foreign policies.
Hong Kong Stocks Fall on Soured Sentiment Over U.S. Tariffs as Relief Measures Fail to Impress Investors
Yuan Heng Gas Changes Auditor
YUANHENG GAS (00332.HK) plans to appoint BDO as the auditor.
On January 22, Gelonghui reported that YUANHENG GAS (00332.HK) announced that SHINEWING (H.K.) CPA Limited has resigned as the company's auditor, effective from January 22, 2025. The Board of Directors further announced that, based on the recommendation of the audit committee, the Board has resolved to appoint Baker Tilly Hong Kong Limited as the company's auditor.
Hong Kong stock movement | Petroleum stocks continue to decline as the market worries about an oversupply in the oil market. Trump plans to increase Oil & Gas production.
Petroleum stocks continue to decline. As of the time of writing, China Oilfield Services (02883) is down 2.59%, trading at 7.16 HKD; KUNLUN ENERGY (00135) is down 1.62%, trading at 7.31 HKD; and PetroChina (00857) is down 0.98%, trading at 6.06 HKD.
