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Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
Cautious Investors Not Rewarding COSCO SHIPPING Energy Transportation Co., Ltd.'s (HKG:1138) Performance Completely
COSCO SHIP ENGY: Interim Report 2024
Hong Kong stocks have seen a surge | COSCO Ship Engy (01138) rebounds more than 6%, the company has ordered two LNG transportation ships. The oil shipping market will enter the traditional peak season from October.
Cosco Ship Engy (01138) rebounded more than 6%, as of press time, rose 5.01%, reported HKD 7.55, with a turnover of HKD 34.3555 million.
COSCO Shipping Energy Units Place Order for 2 LNG Carrier Vessels
Cosco Ship Engy (01138.HK) is building two ships at a total cost of approximately 3.46 billion yuan.
On September 13, COSCO Ship Engy (01138.HK) announced that on September 13, 2024, COSCO Ship Engy LNG and COSCO Ship Engy LNG II (both fully-owned subsidiaries of COSCO Ship Engy's indirect investment in liquefied natural gas) signed shipbuilding contracts with Daesun Shipbuilding and COSCO Ship Trading. The total value of the contracts is approximately RMB 3.46 billion. The ships are two LNG ships with a guaranteed cargo capacity of no less than 175,000 cubic meters and a payload of approximately 81,300 metric tons per ship. These two ships, which are being built as LNG transportation ships ordered by the company, will be delivered to customers.
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Xunting Wu : COSCO Offshore Holdings is currently HK$12.54. Why is the target price 7.6?