COSCO Shipping Energy (1138 HK): Clearly Over-Optimistic
CSET's rally is excessive as the market has built up unrealistic expectations on 2H23 earnings. A weakened demand outlook and higher fuel cost...
447 Views
COSCO Shipping Energy (1138 HK): Beware of Momentum Peaking
CSET's stretched P/B of 0.92x (4SD above average) has well reflected expectation of strong profit recovery. With VLCC rate collapsed in the last 3...
232 Views
COSCO Shipping Energy (1138 HK): Surfing the High Tide
CSET’s 1Q24 earnings of Rmb1.24bn (+12.8%) are better than we expected as the lower spot VLCC market has had no impact on profitability. Excluding...
795 Views
Cosco Shipping Energy 1138.HK - Higher for Longer
Tanker market imbalance to continue, boosting earnings; global tensions and higher prices benefit the company; stock option scheme incentivizes...
502 Views
China & HK Strategy: Names to Watch for Market Value Management
CSRC's Market Value Management Guidelines will benefit the H-share banks and infrastructure construction companies because their A-shares have P/B...
180 Views