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Express News | COSCO Shipping Energy Transportation - Construction of Six Oil Tankers for RMB3,392 Mln
Hong Kong stock market news for February 13: The central bank will issue two phases of a total of 60 billion yuan notes in Hong Kong. The new generation of Horizon's intelligent driving chip has landed at BYD's Tian Shenyang.
① The Horizon Journey 6 chip has been globally launched at BYD's Tian Shen Zhi Yan. ② COSCO SHIP ENGY plans to invest approximately 3.496 billion yuan to build 6 oil tankers. ③ The central bank will issue two tranches of a total of 60 billion yuan in Hong Kong. ④ Trump has voiced the demand to lower interest rates.
Express News | COSCO Shipping Energy Transportation Says Will Invest 3.5 Bln Yuan to Build 6 Oil Carriers
COSCO SHIP ENGY (600026.SH): plans to build 2 Aframax tankers, 2 LR2 tankers, and 2 Panamax tankers.
Gelonghui, February 12 – COSCO SHIP ENGY (600026.SH) announced that after review, the Board of Directors agreed for the company and its affiliates to build 6 tankers at the shipyard of COSCO SHP SG Ltd. (referred to as "COSCO SHP SG"). The total project investment (including capitalized costs such as construction period interest and supervision fees for the 6 ships) is approximately 3.496 billion yuan. Among them: 1. The company will build 2 ships of 74,000 deadweight tonnage Panama-type Methanol fuel ready Crude Oil Product/Product Oil tankers at Dalian COSCO SHP SG Ltd., with a total investment of about 0.469 billion yuan (the contract price per ship is 4.56...
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.
COSCO SHIP ENGY rose over 4% in early trading, and Institutions expect that the future supply and demand for oil transportation may be better than anticipated.
COSCO SHIP ENGY (01138) rose by 4.42% in early trading, currently priced at 7.79 Hong Kong dollars, with a transaction volume of 82.0582 million Hong Kong dollars.
Xunting Wu : COSCO Offshore Holdings is currently HK$12.54. Why is the target price 7.6?