Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) just unveiled an announcement.
COSCO SHIPPING Energy Transportation Co., Ltd. has announced the signing of shipbuilding contracts with COSCO SHIPPING Heavy Industry subsidiaries for the construction of one ethylene carrier and eighteen oil tankers, amounting to RMB7,882 million. These transactions are classified as discloseable and connected under the Hong Kong Stock Exchange’s listing rules, necessitating shareholder approval and compliance with specific regulatory requirements, highlighting the company’s strategic expansion in its fleet to enhance its market positioning.
The most recent analyst rating on (HK:1138) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on COSCO SHIPPING Energy Transportation Co stock, see the HK:1138 Stock Forecast page.
More about COSCO SHIPPING Energy Transportation Co
COSCO SHIPPING Energy Transportation Co., Ltd. is a joint stock limited company incorporated in China, primarily engaged in the shipping industry. The company focuses on the transportation of energy products, including oil and gas, and operates within the broader COSCO SHIPPING group, which is a significant player in the global shipping market.
Average Trading Volume: 28,787,827
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$64.07B
Find detailed analytics on 1138 stock on TipRanks’ Stock Analysis page.