MSCSHIP@EC2608A

CT IND GROUP

KEEN OCEAN

EPI (HOLDINGS)

MOBI DEV

MS CONCEPT

NANFANG COMM

CCOE

HK ENT INTL

IDT INT'L

PUTIAN COMM

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The shipping sector continues to be strong, with CMES hitting the daily limit again, achieving 3 limit-ups in 4 days and setting a new historical high. COSCO SHIPPING Energy and NJTC also hit the daily limit, Antong Holdings rose nearly 7%, while Cosco Shipping Specialized, Highton Development, and NBOSCO followed suit. The non-ferrous metal sector strengthened at the beginning of the session, with Yunnan Germanium and NFC hitting the daily limit, while ZY-Tungsten, Yunnan Tin, CNRE, GHNM, and SHRC also saw gains

- The article discusses the strong performance of the chemical, oil, gas, and shipping sectors in the A-share market on February 25, reflecting the impact of U.S. defense designations on critical agricultural materials.  
- A-shares saw modest gains with the Shanghai Composite rising 0.54%, while the Hong Kong market also experienced increases, particularly in tech stocks.  
- The bond market faced declines, albeit with slight increases in some 30-year and 10-year contracts, while most domestic commodity futures, including lithium carbonate and precious metals, showed significant gains.

Wallstreetcn

Antong Holdings

COSCO SHIP ENGY

CMES

NJTC

Cosco Shipping Specialized

Highton Development

Yunnan Germanium

CNRE

COSCO SHIPPING Energy

Yunnan Tin

ZY-Tungsten

GHNM

SHRC

NBOSCO

The three major A-share indices fluctuated and rose, with shipping and non-ferrous metals rallying, while computing hardware fell across the board. Hong Kong stocks in the technology sector rebounded collectively

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BABA

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BABX

BIDU

After the Spring Festival holiday, the Hong Kong stock market reopened, with the Hang Seng Index opening down 48 points at 26,657 points. Technology stocks Alibaba and Baidu both opened down 3%. COSCO SHIPPING Energy opened up 6.1%, and CNOOC opened up 2.2%. Other commodity stocks such as CHINAGOLDINTL and Minmetals Resources also saw increases. The market is focused on the U.S. military decisions regarding Iran and the Supreme Court's ruling on the tariff case. The Dow Jones Industrial Average fell 267 points, or 0.5%

AASTOCKS

BABA-W

CHINAGOLDINTL

Alibaba

BIDU-SW

Hang Seng Index

BABA 2x Long Daily ETF - GraniteShares

Baidu

"Hong Kong Stocks" The Hang Seng Index opened 48 points lower, Alibaba and Baidu declined, COSCO SHIPPING Energy surged over 6%

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GUOFUHEE(02582) rose 18.76%, with a trading turnover 501.3 Million HKD, and a year-to-date rose 28%. REFIRE(02570) rose 12.09%, with a trading turnover 291.3 Million HKD, and a year-to-date fell 20.3%. YANCOAL AUS(03668) rose 11.05%, with a trading turnover 246.7 Million HKD, and a year-to-date rose 36.5%.

Top Gainers & Losers

GUOFUHEE

REFIRE

YANCOAL AUS

YANKUANG ENERGY

SEAZEN

COSCO SHIP INTL

EASTROC

Sunac China

5100 XIZANG

Top 10 HK Stock Gainers (2.4)

Goldman Sachs report points out that COSCO SHIPPING Energy benefits from the rise in international freight rates, with the target price raised by 48% to HKD 16. Analysts believe that the exit of the shadow fleet and sanctioned vessels will lead to effective capacity being lower than market expectations, providing further room for freight rate increases. If sanctions are lifted, the capacity of the shadow fleet may accelerate its exit. Net profit forecasts for 2026 and 2027 have been raised by 11% and 12% respectively, maintaining a "Buy" rating

Goldman Sachs raises COSCO SHIPPING Energy's target price by 48% to 16 yuan, expecting upward potential in freight rates

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As of noon, all three major indices of the Hong Kong stock market are down, with the Hang Seng Index falling by 0.41%, the Hang Seng Tech Index declining by 2.2%, and the National Enterprises Index weakening. Sectors such as internet content and information, retailers, and hardware storage are under collective pressure, with leading funds active but generally declining. Tencent Holdings fell by 3.36%, Xiaomi Group -W dropped by 2.60%, Alibaba -W decreased by 0.93%, and Meitu Inc. plummeted by 12.10%. Overall market sentiment is cautious, with technology and consumption under pressure, leading to a divergence in fund preferences. JunDa Co., Ltd. had high trading volume and rose by 8.27%, becoming a highlight of the market

- As of midday, the Hang Seng Index decreased by 0.41% to 26,724.94 points, while the Hang Seng Tech Index dropped 2.19% to 5,347.3 points.  
- Major sectors faced declines, particularly in internet content, with Tencent Holdings falling 3.36%, reflecting market concerns over regulatory pressures on WeChat’s ecosystem.  
- Some stocks, such as Yancoal Energy, rose significantly due to the global commodity price recovery, showcasing selective market resilience amidst overall caution.

Market Heartbeat

TENCENT

KUAISHOU-W

MEITU

JD-SW

MNSO

XIAOMI-W

LENOVO GROUP

LONGCHEER

CHINA EAST AIR

SMIC

MEITUAN

Hong Kong Stock Midday Review | Hang Seng Index down 0.41%, technology sector leads the decline, JunDa Holdings rises 8.27% against the trend

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In the Hong Kong stock market, the three major indices collectively weakened. The Hang Seng Index fell slightly by 0.26%, the Hang Seng TECH Index dropped by 1.87%, and the National Enterprises Index decreased by 0.35%. There was significant sector differentiation, with the internet content and information sector rising slightly; leading company Tencent Holdings increased by 1.2%, and CHINA LIT rose against the trend, boosting the sector's atmosphere, with some funds flowing into leading tech stocks. The hardware, storage, and peripherals sectors performed steadily, with BYD ELECTRONIC rising by 2.1%. The energy and hydrogen energy sectors experienced significant fluctuations, with stocks like Yanzhou Coal Mining, Guofu Hydrogen Energy, and Longguang Group showing strength. The market exhibited clear structural opportunities and a preference for growth sectors, while remaining sensitive to macro liquidity and the RMB exchange rate, resulting in high short-term market volatility

- The Hong Kong stock market is displaying overall weakness, with the Hang Seng Index down 0.26% to 26,765.35 points, and the Hang Seng Technology Index falling 1.87%.  
- Notable declines are observed in major tech and retail stocks, including Tencent, Alibaba, and Xiaomi, attributed to market concerns regarding economic recovery and potential tax increases on gaming revenues.  
- Contrarily, certain stocks like Yancoal Energy and China Cosco Shipping are seeing significant gains, driven by favorable market conditions and heightened investor interest in the energy and shipping sectors.

CHINA LIT

FI CSOP HSI

BYD ELECTRONIC

FL2 CSOP HSI

Hang Seng TECH Index

LOGAN GROUP

JINGCHENG MAC

YOFC

Tencent Holdings Limited

BYD COMPANY

Tencent

Hong Kong Stock Market Update | The Hang Seng Index is weak, and the Technology Index has seen consecutive significant declines, with mainland internet companies under collective pressure

COSCO SHIPPING Energy announced that it will inject an additional USD 340 million into its wholly-owned subsidiary Shanghai LNG for the investment and construction of two LNG vessel projects

COSCO SHIPPING Energy adds USD 340 million to its subsidiary Shanghai LNG

Cosco Shipping Energy Transportation to inject additional $340.3 million into unit

marketscreener

Cosco Shipping Energy Transportation to inject additional $340.3 million into unit

COSCO SHIPPING Energy Transportation Co. announced that all resolutions at its extraordinary general meeting on January 27, 2026, were approved by poll. Due to significant shareholdings, COSCO SHIPPING and its subsidiary abstained from voting on related resolutions, with about 699 million shares represented, reflecting a 12.8% participation rate. All directors attended, and the voting was overseen by an independent scrutineer. The latest analyst rating for the stock (HK:1138) is a Buy with a price target of HK$15.00. The company focuses on energy transportation and is part of the COSCO SHIPPING group.

Tip Ranks

COSCO SHIPPING Energy Secures Shareholder Approval for All EGM Resolutions

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Morgan Stanley released a research report focusing on supply-side opportunities in the aviation, shipping, and express delivery industries, believing that market opportunities outweigh risks. It assigned an "Overweight" rating to Air China, China Eastern Airlines, China Southern Airlines, and Spring Airlines, with target prices of HKD 8.11, HKD 4.31, RMB 5.33, and RMB 62.4, respectively. In the shipping sector, it maintained a "Underweight" rating for COSCO Shipping Holdings and Orient Overseas, while giving an "Overweight" rating to COSCO SHIPPING Energy and China Merchants Energy Shipping. In the express delivery industry, it expects ZTO Express and YTO to gain more market share, assigning an "Overweight" rating

Cosco Ship Hold

COSCO SHIP HOLD

ZTO Express

ZTO EXPRESS-W

Morgan Stanley: Focus on supply-side opportunities in the aviation, shipping, and express delivery industries, urging to "overweight" three major airline stocks

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Goldman Sachs released a research report, adjusting the investment ratings and target prices for airline, shipping, and port stocks. Air China, China Eastern Airlines, China Southern Airlines, COSCO SHIPPING Energy, and COSCO SHIP PORT were rated as "Buy," with target prices raised to HKD 8.2, 5.1, 5.8, 10.8, and 6.8 respectively. China Merchants Port maintained a "Neutral" rating, with the target price raised to HKD 15.7. COSCO SHIPPING Holdings' rating was downgraded from "Neutral" to "Sell," with the target price lowered to HKD 10.4. Meilan International Airport maintained a "Sell" rating, with the target price raised to HKD 8.4

Air China

AIR CHINA

COSCO SHIP PORT

Goldman Sachs' Investment Ratings and Target Prices for Airlines, Shipping, and Port Stocks (Table)

JP Morgan has lowered the target price for COSCO SHIPPING Energy's H shares from HKD 13 to HKD 12, maintaining an "Overweight" rating. Despite market concerns about the fading shipping disruptions, it is expected that crude oil tanker earnings will remain resilient next year, suggesting buying at low levels. Global tanker capacity and demand growth are limited, with tight supply, especially for very large tankers. Geopolitical friction and sanctions on vessels from specific countries have also increased transportation demand

Morgan Stanley slightly lowered the target price for COSCO SHIPPING Energy to 12 yuan, expecting that next year's supply tightness will support profitability

MSCSHIP@EC2608A(25277.HK)

The three major A-share indices fluctuated and rose, with shipping and non-ferrous metals rallying, while computing hardware fell across the board. Hong Kong stocks in the technology sector rebounded collectively

"Hong Kong Stocks" The Hang Seng Index opened 48 points lower, Alibaba and Baidu declined, COSCO SHIPPING Energy surged over 6%

Top 10 HK Stock Gainers (2.4)

Goldman Sachs raises COSCO SHIPPING Energy's target price by 48% to 16 yuan, expecting upward potential in freight rates

Hong Kong Stock Midday Review | Hang Seng Index down 0.41%, technology sector leads the decline, JunDa Holdings rises 8.27% against the trend