On September 29, COSCO SHIP ENGY fell 3.04% in regular trading, trading at 18.2 HKD/share, with turnover of 67.36 million HKD, extending the prior session's decline.

On the news front, Middle East crude oil exports are gradually recovering, with strait transit volumes reaching 11 million barrels per day and Saudi pipeline capacity under repair, fueling concerns over fading rerouting premiums. The stock had surged over 80% in the preceding two months, and short-term profit-taking pressure continues to build. Meanwhile, BlackRock has reduced its H-share holdings from 8.62% to 5.68% through multiple rounds of selling, amplifying near-term selling pressure.

Although VLCC freight rates remain elevated, institutions caution that current levels are historically extreme and face significant pullback risk as geopolitical tensions ease. For the first half, the company reported revenue of 15.079 billion CNY, up 30.26% year-on-year, with adjusted net profit of 4.556 billion CNY, surging 140.58%, reflecting solid operational fundamentals despite the ongoing price correction.

(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.)