Research Reports on discovering wealth | GTJA: COSCO SHIP ENGY's profit foundation continues to strengthen, maintaining a "Shareholding" rating.

GTJA Research Reports indicate that COSCO SHIP ENGY (600026.SH) announced plans to gradually increase its investment in CLNG, and that the scale of stable return LNG business will continue to grow, thereby continuously strengthening the company's profit base. It is expected that future oil shipping supply and demand may be better than expected, suggesting a downward Options for oil prices. A "Shareholding" rating is maintained. The company is an industry leader with excellent operation capabilities, and is expected to continue achieving lease levels above the industry average. It should be noted that the company's VLCC fleet size has reduced year-on-year, and the shipping situation for refined oil has declined year-on-year, with performance expected to face pressure in Q4 2024, as market expectations have been fully priced in. In addition, the company is seizing opportunities to gradually increase.

Gelonghui FinanceJan 2 02:53 ET

COSCO SHIP ENGY (01138) has appointed Wang Shuqing as a non-executive Director.

COSCO SHIP ENGY (01138) announced that Shareholders officially approved the proposal to appoint Wang Shuqing as a non-executive director at the special Shareholders' meeting...

Zhitong FinanceDec 30, 2024 10:05 ET

COSCO SHIP ENGY (600026.SH): Granted 4.6358 million Options to incentive recipients.

On December 30, Gelonghui reported that COSCO SHIP ENGY (600026.SH) announced that the fifteenth Board of Directors meeting of the company in 2024 approved the proposal regarding the granting of reserved Stocks Options to the incentive objects of the company's 2023 Stock Options Incentive Plan, determining the grant date of the reserved Stocks Options to be December 30, 2024, granting 4.6358 million Stocks Options to 24 incentive objects that meet the reservation grant conditions, with an exercise price of 12.09 yuan per share.

Gelonghui FinanceDec 30, 2024 05:38 ET

COSCO SHIP ENGY (600026.SH): COSCO SHP SG has cumulatively increased its shareholding of the company's A-shares by 1.059%.

On December 30, Gelonghui reported that COSCO SHIP ENGY (600026.SH) announced that from November 25, 2024, to December 27, 2024, COSCO SHP SG cumulatively increased its shareholding of the company's A-shares by 50,538,464 shares, reaching a cumulative increase of 1.059% of the company's total capital. As of December 27, 2024, the company's controlling Shareholder and its concerted actors held 46.26% of the company's shares, up from 45.20%. The total amount of the increase reached 0.616 billion yuan. This change in equity is classified as a shareholding increase and does not trigger a tender offer, nor will it lead the company.

Gelonghui FinanceDec 30, 2024 05:37 ET

Express News | China Merchants Energy Shipping Says It Plans to Inject up to $110 Mln Into Its Jv With COSCO Shipping Energy Transportation

ReutersDec 20, 2024 05:26 ET

COSCO SHIP ENGY (600026.SH): plans to increase its capital to CLNG by no more than 0.11 billion USD.

On December 20, Gelonghui reported that COSCO SHIP ENGY (600026.SH) announced that, according to project progress, CLNG has established two wholly-owned single-ship companies in Hong Kong, and these two single-ship companies have completed the signing of the Ship construction agreement and the long-term lease agreement. According to the shipbuilding agreement price and the company's shareholding ratio in CLNG, the company will increase its capital to CLNG by no more than 0.11 billion USD. The above capital increase has recently been filed with the Ministry of Commerce and the National Development and Reform Commission, and the company will conduct the first capital increase to CLNG on December 20, 2024, with an amount of 32.975 million USD. After the capital increase is completed, the company...

Gelonghui FinanceDec 20, 2024 03:36 ET