SGCSHIP@EC2609A

CHK OIL

SHANDONG MOLONG

PETRO-KING

MIE HOLDINGS

D&G TECH

YUANHENG GAS

JX ENERGY

KINETIX SYSTEMS

YANCHANG PETRO

HAO WEN HLDGS

600026

01138

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.

Wallstreetcn

COSCO SHIPPING Energy

COSCO SHIP ENGY

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

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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%.

Top Gainers & Losers

YOFC

CHINAHONGQIAO

SD GOLD

ZHAOJIN MINING

FAST RETAIL-DRS

CHINA EAST AIR

Lens

MIXUE GROUP

STANCHART

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

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00857

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

PETROCHINA

NJTC

SINOPEC SSC

Yinhua CSI Oil & Gas Resources ETF

Bosera CSI Oil & Gas Resources Index ETF

ZPEC

China Universal CSI Oil & Gas Resources ETF

SINOPEC CORP

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

The Strait of Hormuz has not yet been "physically blocked," but the sharp decline in shipping is due to traders actively avoiding risks, and a surge in oil prices may be inevitable. Goldman Sachs has issued a deep warning that if the conflict evolves into a "protracted war" similar to that of 2022, high fiscal spending combined with energy inflation will force the Federal Reserve to maintain high interest rates amid declining growth. At that time, the U.S. Treasury yield curve will accelerate its flattening, cyclical sectors of the U.S. stock market will be under pressure, and the U.S. dollar and Japanese yen will be the only safe havens for funds

- Recent statements from Trump and Iran have shattered market expectations for a quick resolution to the conflict.  
- Trump emphasized that U.S. and Israeli military actions against Iran will continue until all objectives are met, while Iran maintains control over when and how the war may end.  
- Goldman Sachs warns that the duration of the conflict will significantly influence oil prices and financial markets, with potential comparisons to the 2022 energy shock scenario, amidst concerns over persistent inflation and market volatility.

SPDR Energy Select

Exxon Mobil

Chevron

CNOOC

COSCO SHIP HOLD

Pro Ultr Silver

Pro Ultrshrt Silver

Lockheed Martin

EFUND GOLD MI ETF

ZIJIN MINING

ZIJIN GOLD INTL

CHIFENG GOLD

Trump did not "quickly resolve" the situation! Global markets face the "Iran impact," with the focus on "duration."

INSW

International tanker freight rates hit a nearly six-year high. According to statistics from Clarkson, as of February 20, the average daily earnings in the VLCC spot market increased by 24% month-on-month, reaching USD 146,000 per day, the highest level since April 2020. A research report from Guosheng Securities shows that on February 27, the freight rate for a 270,000-ton vessel from the Middle East Gulf to Ningbo was USD 209,352 per day, and the freight rate for a 260,000-ton vessel from West Africa to Ningbo was USD 224,195 per day, indicating a strong prosperity in the VLCC shipping market

International Seaways

Frontline

International tanker freight rates hit a nearly six-year high

159697

601872

Mideast-Asia crude tanker daily cost exceeds $200,000, first time since 2020, data shows

marketscreener

Tsakos Energy Navigation

Penghua CNI Oil&Gas ETF

CMES

Okeanis Eco Tankers

Octave Specialty

Teekay Tankers

VanEck Oil Services ETF

Sonicshares Global Shipping ETF

iShares US Oil Equip & Svcs

Breakwave Tanker Shipping ETF

SPDR O&G Equip

Mideast-Asia crude tanker daily cost exceeds $200,000, first time since 2020, data shows

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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.

Antong Holdings

Cosco Shipping Specialized

Highton Development

Yunnan Germanium

CNRE

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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02099

BABA

09888

00HSI

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%

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%.

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

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

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

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

SGCSHIP@EC2609A(26390.HK)

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

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

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

Trump did not "quickly resolve" the situation! Global markets face the "Iran impact," with the focus on "duration."

International tanker freight rates hit a nearly six-year high