On September 28, COSCO SHIP ENGY declined 3.08% in regular trading, trading at HK$18.90, with turnover of HK$328 million. The stock extended its pullback after surging over 80% in the prior two months, as profit-taking pressure continued to build.

On the news front, Middle East crude oil export channels are gradually recovering, with dark fleet volumes through the Strait already reaching approximately 11 million barrels per day, while Saudi pipeline infrastructure has also begun repairs. Market concerns over a potential pullback in rerouting premiums have emerged as the primary point of contention for the oil shipping sector. Although VLCC freight rates remain at elevated levels, institutions have flagged that current rates sit at historically extreme levels with significant downside risk should geopolitical tensions ease, highlighting the sector's pronounced cyclical characteristics.

Notably, JPMorgan recently reiterated its Overweight rating on COSCO SHIP ENGY, suggesting investors buy on dips, citing meaningful earnings upside under favorable rate scenarios. Morgan Stanley also maintained its Overweight rating with a HK$28.40 target price. The company reported first-half net profit of RMB 4.545 billion, up 143.21% year-over-year, providing solid fundamental support despite near-term volatility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)