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Deep* Company* China Merchants Shipping (601872): Oil transportation performance has increased sharply, and distribution performance is expected to resume in 2024
The company disclosed its full-year results for 2023. The company's annual revenue reached 25.881 billion yuan, a year-on-year decrease of 12.88%; net profit to mother reached 4.837 billion yuan, a year-on-year decrease of 4.92%, affecting the bulk market and concentration
Bank of China Securities released a research report on April 23 stating that China Merchants Shipping (601872.SH) was rated to increase its holdings. The main reasons for the rating include: 1) higher crude oil exports from the US Gulf and Russia, and hig
Bank of China Securities released a research report on April 23 stating that China Merchants Shipping (601872.SH) was rated to increase its holdings. The main reasons for the rating include: 1) higher crude oil exports from the US Gulf and Russia, and higher oil freight rates contributed to increased performance; 2) the overall distribution boom in 2023 was under pressure, and profitability declined; 3) Looking ahead to the future market, the oil transportation supply and demand pattern will continue to improve in 2024. The medium- to long-term oil freight center is expected to increase, and shipping and distribution is waiting for economic recovery to drive up demand. (Mainichi Keizai Shimbun)
The shipping sector fluctuated and weakened, with Phoenix Shipping falling to a standstill during the intraday period. China Merchants Shipping, COSCO Marine, China Southern Oil, Ningbo Ocean, and Air China Ocean registered the highest declines.
The shipping sector fluctuated and weakened, with Phoenix Shipping falling to a standstill during the intraday period. China Merchants Shipping, COSCO Marine, China Southern Oil, Ningbo Ocean, and Air China Ocean registered the highest declines.
Zheshang Securities: Geographical conflict intensifies freight rate fluctuations, increasing demand in emerging countries drives up demand for oil transportation
The Zhitong Finance App learned that Zheshang Securities released a research report saying that current orders are historically low, supply rigidity is determined, global inventory replenishment provides demand-side support, and increased demand from emerging Asia-Pacific countries such as China and India is driving up demand for oil transportation. The restructuring of global oil trade after the Russia-Ukraine conflict led to a significant increase in transit distances. Furthermore, against the backdrop of production cuts in the Middle East, shipments from long-distance regions such as the Gulf of America, South America, and West Africa have increased, which is expected to further drive up demand for tons and nautical miles. Continue to be optimistic about the interpretation of the oil boom cycle and recommend COSCO Haineng (600026.SH), China Merchants Shipping (601872.SH), and China Merchants Nanyou (601)
Shipping stocks fluctuated and rallied. Phoenix Shipping continued to rise, with Air China Ocean, Ningbo Ocean, Jinjiang Shipping, Haitong Development, Ningbo Shipping, and China Merchants Shipping. According to news, the European shipping index surged mo
Shipping stocks fluctuated and rallied. Phoenix Shipping continued to rise, with Air China Ocean, Ningbo Ocean, Jinjiang Shipping, Haitong Development, Ningbo Shipping, and China Merchants Shipping. According to news, the European shipping index surged more than 8% in early trading, and hit a new high since listing.
The port shipping sector declined in the afternoon, with Phoenix Shipping falling more than 3%, followed by China Southern Oil, COSCO Marine, Qingdao Port, China Merchants Shipping, and Jinzhou Port.
The port shipping sector declined in the afternoon, with Phoenix Shipping falling more than 3%, followed by China Southern Oil, COSCO Marine, Qingdao Port, China Merchants Shipping, and Jinzhou Port.
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