HUCSHIP@EC2609B

TRANSTHERA-B

ASIA STRAT TECH

SUMMI

MANY IDEA CLOUD

ZHONGMIAO

SKYMISSION GP

NICHE-TECH SEMI

KFM KINGDOM

INCON

CHINA CHENGTONG

600026

002401

601872

601919

01919

01138

Cosco Shipping Lines has suspended new orders for routes to and from the Middle East due to local maritime restrictions amid escalating conflict. Other subsidiaries of China Cosco Shipping Corporation reported normal operations, with limited impact on their financials. Cosco Shipping Energy noted that the closure of the Strait of Hormuz affects global energy transport, but its financial data remains unaffected for now. Other companies, including China Merchants Energy Shipping, also reported normal operations but acknowledged safety risks in the Persian Gulf. The container shipping futures market has seen significant fluctuations due to the geopolitical situation.

Yicai

COSCO SHIPPING Energy

COSCO SHIP TECH

CMES

Cosco Ship Hold

COSCO SHIP HOLD

COSCO SHIP ENGY

Other Listed Cosco Shipping Units Downplay Impact of Middle East Crisis After Cosco Shipping Lines Halts Orders

001337

02866

00857

01818

01787

601866

In the morning session, the shipping sector fell sharply, with nearly 10 stocks including COSCO SHIPPING Energy, Cosco Shipping Specialized, CMES, COSCO SHIPPING Development, Lianyungang Port, and Phoenix Shipping hitting the daily limit down, while Air China Cargo once dropped nearly 30%. The precious metals concept collectively weakened, with SC GOLD hitting the daily limit down, Xiaocheng Technology dropping over 10%, ZHAOJIN GOLD opening at the daily limit down price, and WESTERN REGION GOLD, Hunan Gold, Hunan Silver, CHIFENG GOLD, and SD GOLD opening significantly lower

- A-shares opened lower and fell, with major indices collectively declining, influenced by the "three barrels of oil" stocks hitting the limit down.  
- The ongoing turmoil in the Middle East has heightened market inflation fears, impacting gold and oil prices significantly, while certain sectors like power equipment strengthened due to policy stimulus.  
- The bond market showed a broad rally in government futures, alongside varied performance in domestic commodity futures, reflecting a mixed but generally negative market sentiment.

Wallstreetcn

SC GOLD

COSCO SHIP DEV

COSL

KNOWLEDGE ATLAS

WESTERN REGION GOLD

Lianyungang Port

Cosco Shipping Specialized

PETROCHINA

ZHAOJIN MINING

SD GOLD

CHINA OILFIELD

SD-GOLD

CHIFENG GOLD

COSCO SHIPPING Development

CNOOC

SINOPEC CORP

Sinopec Corp.

Hunan Gold

ZHONGJIN GOLD

ChinaAMC Gold ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

A DOO AI

MEITUAN

The ChiNext index fluctuated and rose, the "three oil giants" briefly hit the limit down at the beginning of trading, memory stocks surged, the Hang Seng Index turned positive, and the large model stock KNOWLEDGE ATLAS surged strongly

01635

03633

01921

00568

01033

02575

00100

02343

DZUG(01635) fell 21.6%, with a trading turnover 4.0 Billion HKD, and a year-to-date rose 18.4%. ZHONGYU ENERGY(03633) fell 16.23%, with a trading turnover 271.2 Million HKD, and a year-to-date rose 4.7%. DALIPAL HLDG(01921) fell 14.8%, with a trading turnover 185.8 Million HKD, and a year-to-date fell 16.1%.

Top Gainers & Losers

DZUG

ZHONGYU ENERGY

DALIPAL HLDG

SHANDONG MOLONG

SINOPEC SSC

XUANZHUBIO-B

MINIMAX-WP

PACIFIC BASIN

Top 10 HK Stock Losers (3.4)

01072

03986

01378

02600

02714

09980

00670

01299

DONGFANG ELEC(01072) rose 11.36%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 52.1%. GIGADEVICE(03986) rose 6.13%, with a trading turnover 880.2 Million HKD, and a year-to-date rose 126.7%. MINIMAX-WP(00100) fell 10.48%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 345.5%. COSCO SHIP ENGY(01138) fell 10.38%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 95.1%.

DONGFANG ELEC

GIGADEVICE

CHINAHONGQIAO

CHALCO

MUYUAN

EASTROC

CHINA EAST AIR

Top 5 HK Stock Gainers/Losers (>100B) (3.4)

00700

01024

09888

As of noon, the three major indices of the Hong Kong stock market weakened, with the Hang Seng Index down 2.78% at 25,051.33 points, the Hang Seng Tech Index down 1.96% at 4,780.91 points, and the National Enterprises Index down 2.40% at 8,401.99 points. There is a clear divergence among sectors: the internet content and information sector declined due to the weakness of Chinese concept stocks, with Tencent down 1.57%, Kuaishou down 2.32%, and Baidu down 2.73%; the semiconductor manufacturers sector showed divergence, with Zhaoyi Innovation up 4.91%, while SMIC down 2.00% and Hua Hong Semiconductor down 1.82%; the telecommunications services defensive sector fell slightly. The market is focused on the impact of the Federal Reserve's interest rate cut expectations on HIBOR and the Hong Kong dollar, as well as the potential effects of recent PMI, retail and export performance, southbound capital, earnings season, real estate policies, and transaction factors on risk appetite and sector rotation

- As of noon, Hong Kong's three major indices declined, with the Hang Seng Index falling 2.78% to 25,051.33 points, and the Hang Seng Technology Index dropping 1.96% to 4,780.91 points.  
- The market is influenced by factors such as expectations of a U.S. Federal Reserve interest rate cut and the performance of recent PMI, retail, and export data.  
- Notably, leading tech stocks like Tencent and Alibaba showed significant declines, while some semiconductor stocks, like Zhaoyi Innovation, demonstrated strength amidst overall market volatility.

Market Heartbeat

TENCENT

KUAISHOU-W

BIDU-SW

SMIC

HUA HONG SEMI

CHINA MOBILE

CHINA TELECOM

CHINA UNICOM

XIAOMI-W

Hong Kong Stock Market Midday Review | Hang Seng Index down 2.78%, Hang Seng Tech down 1.96%, Zhaoyi Innovation up 4.91%

COSCO SHIP ENGY fell 13.88%; Xintian Green Energy rose 0.23%, with a transaction amount of HKD 5.61 million; Sinopec Kantons fell 2.01%, with a transaction amount of HKD 2.02 million; Yuanheng Gas rose 17.86%, with a transaction amount of HKD 571,800; China Port Energy's market value reached HKD 2.751 billion

HK Stock Movers Tracker

Hong Kong Stock Movement: COSCO SHIP ENGY fell 13.88%, facing a double blow from geopolitical risks and share reductions. Can the upgraded rating reverse the downturn?

Cosco Shipping Energy Transportation responds to unusual share price moves

marketscreener

Cosco Shipping Energy Transportation responds to unusual share price moves

JPMorgan has upgraded COSCO Shipping Energy Transportation's A-shares from 'neutral' to 'overweight' and maintains an 'overweight' rating for H-shares. The valuation method has shifted to price-to-earnings ratio, with target P/E ratios set at 15x for H-shares and 21x for A-shares. The target price for H-shares has increased from HKD 12 to HKD 24, while A-shares target price has risen from RMB 13 to RMB 28, driven by structural shifts in the market.

CoinLive

JPMorgan Upgrades COSCO Shipping Energy Transportation Ratings Amid Structural Shifts

JP Morgan Securities Co., Ltd. has upgraded the rating of COSCO SHIPPING Energy A shares to overweight

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COSCO SHIPPING has issued a service notice, stating that due to changes in the security situation in the Middle East and traffic restrictions in the Strait of Hormuz, it is closely monitoring the situation and communicating with relevant authorities. Vessels that have entered the Persian Gulf will remain at anchor or at berth after completing operations under safe conditions; vessels heading to the Persian Gulf should pay attention to navigation safety and may need to reduce speed or head to safe waters. The company is evaluating follow-up disposal plans for cargo on board, including alternative unloading ports

COSCO SHIP INTL

COSCO SHIP PORT

COSCO SHIPPING stated that it is closely monitoring the developments in the Middle East situation and is evaluating all follow-up disposal plans for cargo on board

Goldman Sachs analysis believes that the A-share tanker sector and COSCO SHIPPING Energy are the biggest potential beneficiaries due to rerouting, inventory replenishment, and expectations of sanctions being lifted, with daily earnings potentially increasing by $30,000 in extreme scenarios; airlines are impacted by surging fuel costs, with significant downside risks to profitability. In terms of container shipping, freight rates are supported due to rerouting through the Red Sea and port congestion. If the strait remains blocked, Brent crude oil prices may peak above $100

- The recent escalation in the Strait of Hormuz is influencing the A-share transportation sector, with oil tanker stocks expected to benefit significantly from geopolitical tensions, while airlines face profit risks due to rising fuel costs.  
- Goldman Sachs reports that if Iranian oil sanctions are lifted, shipping demand may shift to compliant fleets, boosting oil tanker earnings by approximately $30,000 per day.  
- Conversely, a 1% increase in oil prices could decrease profitability for airlines like China Southern Airlines by 4.3%, highlighting the contrasting impacts within the sector.

If the Strait of Hormuz is blocked, tanker stocks may become the biggest winners, while airlines may "bleed" losses?

06869

06288

06613

02097

02888

YOFC(06869) rose 11.56%, with a trading turnover 6.8 Billion HKD, and a year-to-date rose 221.1%. COSCO SHIP ENGY(01138) rose 8.87%, with a trading turnover 3.1 Billion HKD, and a year-to-date rose 113.5%. FAST RETAIL-DRS(06288) fell 8.76%, with a trading turnover 109.4 Thousand HKD, and a year-to-date rose 11.7%. CHINA EAST AIR(00670) fell 7.93%, with a trading turnover 410.9 Million HKD, and a year-to-date fell 4.1%.

YOFC

FAST RETAIL-DRS

Lens

MIXUE GROUP

STANCHART

Top 5 HK Stock Gainers/Losers (>100B) (3.2)

516570

601975

The three major A-share indices opened lower by 0.3% to 1.6%. The Shanghai Composite Index reported 4,151 points, the Shenzhen Component Index reported 14,327 points, and the ChiNext Index reported 3,257 points. Oil stocks rose due to international circumstances, with Sinopec opening up 5.3% and PetroChina opening up 8.7%. Shipping stocks hit the daily limit, with COSCO SHIPPING Energy and NJTC also hitting the limit. The central parity rate of the RMB against the USD was reported at 6.9236, and the People's Bank of China conducted a reverse repurchase operation of 19 billion yuan. Lithium mining stocks and chip stocks generally opened lower

AASTOCKS

E Fund CSI Petrochemical Industry ETF

NJTC

Yinhua CSI Oil & Gas Resources ETF

Bosera CSI Oil & Gas Resources Index ETF

ZPEC

China Universal CSI Oil & Gas Resources ETF

ChinaAMC CSI Petrochemical Industry ETF

Guotai CSI Oil & Gas Industry ETF

The three major A-share indices of Shanghai and Shenzhen opened lower by 0.3% to 1.6%, with oil stocks and shipping stocks rising

HUCSHIP@EC2609B(26285.HK)

Other Listed Cosco Shipping Units Downplay Impact of Middle East Crisis After Cosco Shipping Lines Halts Orders

The ChiNext index fluctuated and rose, the "three oil giants" briefly hit the limit down at the beginning of trading, memory stocks surged, the Hang Seng Index turned positive, and the large model stock KNOWLEDGE ATLAS surged strongly

Top 10 HK Stock Losers (3.4)

Top 5 HK Stock Gainers/Losers (>100B) (3.4)

Hong Kong Stock Market Midday Review | Hang Seng Index down 2.78%, Hang Seng Tech down 1.96%, Zhaoyi Innovation up 4.91%