Understanding the Market | COSCO SHIPPING Energy rises over 7% as event disturbances combine with strong seasonal demand; institutions expect freight rates to perform even stronger
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COSCO SHIPPING Energy's stock price rose by more than 7%, with an increase of 7.46% as of the time of writing, trading at HKD 9.8, with a turnover of HKD 378 million. The market's expectations for rising freight rates have strengthened due to U.S. sanctions on Iranian oil export companies and China's special port fees on U.S. vessels. It is expected that freight rates will further strengthen driven by demand during the peak season. Morgan Stanley predicts the company's net profit compound annual growth rate will be 16% from 2025 to 2027
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