COSCO SHIP ENGY (01138.HK) +2.570 (+18.060%) Short selling $55.30M; Ratio 8.616% opened 14.97% higher today and once peaked at HKD17.76. It is now trading at HKD16.8, up 18.06%, with turnover of 50.3686 million shares, involving HKD858 million.

HSBC Global Investment Research said in a report that COSCO SHIP ENGY's share price has retreated 38% from its peak, mainly due to normalization of tanker freight rates amid reduced cargo supply, prompting the market to reassess earnings expectations. The broker currently expects a balanced risk-reward profile for the company. Although uncertainties remain over the situation in the Strait of Hormuz in the near term, a potential reopening would be a clear positive for tanker fundamentals. However, in the long run, the broker remains cautious on tanker market fundamentals, particularly as the industry is entering a new vessel supply cycle, with strong new tanker orders translating into risks of long-term oversupply.

The broker maintained its 2026 net profit forecast for COSCO SHIP ENGY at RMB11 billion and kept its TP at HKD13.5. Due to the recent share price correction, it upgraded the rating from Reduce to Hold. The A-share of COSCO SHIPPING ENERGY (600026.SH) +1.750 (+10.000%) was also upgraded from Reduce to Hold, with a TP of RMB17.2. (sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-12 16:25.) (A Shares quote is delayed for at least 15 mins.)