China Merchants Energy Shipping Inks 10 Billion Yuan Deal With QatarEnergy
China Merchants Energy Shipping (SHA:601872), through its subsidiary China Merchants Qiyun, signed a 10 billion yuan contract to build and lease four liquefied natural gas (LNG) carriers to QatarEnerg
China Merchants Shipping (601872.SH): Signed long-term transportation and shipbuilding agreement for Qatar Energy LNG transportation project
Gelonghui, May 6 | China Merchants Shipping (601872.SH) announced that recently, four single shipping companies under China Merchants Gas Transport and Qatar Energy held a 25+5-year “Long-term Transportation Agreement” signing ceremony for 4 QCMAX LNG carriers in Beijing. After the ceremony, the two sides signed a separate agreement, which came into effect on May 2. On the same day, the “Ship Construction Agreement” with Hudong Shipyard for 4 QCMAX LNG carriers was signed and entered into force. The total cost of the ship was approximately RMB 10 billion.
Express News | CICC maintained COSCO Marine Control's “outperforming the industry” rating, and the target price increased to HK$11.5.
CICC: Maintaining the COSCO Maritime Holdings (01919) “Outperform the Industry” rating, the target price was raised to HK$11.5
CICC raised COSCO Marine Holdings (01919)'s profit forecast by 49% to RMB 22.1 billion this year, and by 15.7% to RMB 15.3 billion in 2025.
Bank Rating | Goldman Sachs: Slightly raised the target price of COSCO Offshore Holdings H shares to HK$6.9 to give a “sell and sell” rating
According to a research report published by Goldman Sachs, COSCO Offshore's net profit for the first quarter was 6.8 billion yuan, a marked improvement from 1.8 billion yuan in the fourth quarter of 2023, but it is still slightly lower than 7.1 billion yuan in the same period last year, in line with market expectations and management's guidelines for profits to remain basically flat. Looking ahead, the bank believes that some ports in the western Mediterranean are already congested, while India and Latin America may become new drivers of demand, and there is a risk that freight rates will rise next quarter. The bank updated its latest liner shipping volume and freight rate assumptions, and lowered its net profit from 2024 to 2026 by 8% to a 13% increase, and slightly raised the company's H share target price to HK$6.9.
S&P dividend ETF rose 0.18%, heavy stock COSCO Marine Holdings rose 0.85%, and Jizhong Energy rose 0.53%
On May 6, Huabao S&P China's A-share dividend opportunity ETF rose 0.18%. In terms of heavy stocks, COSCO Marine Holdings rose 0.85%, Jizhong Energy rose 0.53%, and Liba shares rose 0.48%. CITIC Construction Investment Securities believes that in the context of the introduction of the new “National Nine Rules”, subject stocks that are not committed to maximizing shareholders' interests will gradually be marginalized, the dividend style will maintain a high win rate, and opportunities for boom growth with high odds will emerge one after another in the medium term.