HK Stock Market Move | COSCO Shipping Energy Transportation (01138) rose more than 5%. Institutions expect that oil tanker profits in the first quarter will increase several times year-on-year.

COSCO Shipping Energy Transportation (01138) rose more than 5%, as of the time of writing, it went up by 5.23% to 17.1 Hong Kong dollars, with a turnover of 42.4864 million Hong Kong dollars. On the news front, Guotai Haitong believes that since 2026, geopolitical tensions have been high, shipowners' sentiments are strong, and overseas shipowners are increasing market control through leasing. Recently, oil shipping rates have remained high. It is suggested that shipowners' sentiment may continue to affect short-term shipping rates, and we recommend paying attention to the trend of the price center compared to the same period last year. It is expected that oil tanker profits in the first quarter of 2026 will increase several times year-on-year. The key point is that oil shipping is not a short-term play on geopolitical tensions, but has a long-term logic of "super bull market." The bank is optimistic about global oil production continuing to drive oil shipping demand growth, and the accelerated aging of oil tankers will ensure a stable supply of compliant shipping capacity. Pay attention to changes in the gray market, as geopolitical tensions may provide unexpected supply and demand options.