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COSCO SHIPPING Energy Transportation Co
(1138)
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Rating:55Neutral
Price Target:
HK$12.00
â–¼(-33.44% Downside)
Action:Reiterated
Date:06/16/26
The score is driven mainly by fair-to-good financial performance (solid profitability but steep 2025 revenue decline, moderate leverage, and weaker/volatile free cash flow) and a weak technical setup (negative MACD with low RSI/Stoch). Valuation is roughly neutral with a mid P/E and moderate dividend yield.
Positive Factors
Diversified fleet & cargo mix
COSCO SHIPPING Energy's exposure across crude, refined products, LNG, LPG and chemical liquids provides durable demand diversification. Multiple cargo classes let the company redeploy vessels across segments, smoothing revenue through shifts in trade flows and reducing dependence on any single commodity cycle.
Negative Factors
High revenue cyclicality
The business is highly exposed to freight-rate cycles, demonstrated by a ~63% revenue decline in 2025. Large top-line swings undermine earnings visibility and amplify the impact of downturns on utilization, fixed costs and contractual pricing, a persistent structural risk for tanker/gas operators.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified fleet & cargo mix
COSCO SHIPPING Energy's exposure across crude, refined products, LNG, LPG and chemical liquids provides durable demand diversification. Multiple cargo classes let the company redeploy vessels across segments, smoothing revenue through shifts in trade flows and reducing dependence on any single commodity cycle.
Read all positive factors
COSCO SHIPPING Energy Transportation Co (1138) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$82.39B
Dividend Yield3.67%
Average Volume (3M)33.89M
Price to Earnings (P/E)12.9
Beta (1Y)0.71
Revenue Growth2.50%
EPS Growth-2.32%
CountryHK
Employees7,979
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.64
Shares Outstanding1,296,000,000
10 Day Avg. Volume26,114,725
30 Day Avg. Volume33,893,501
Financial Highlights & Ratios
PEG Ratio-4.42
Price to Book (P/B)0.91
Price to Sales (P/S)1.78
P/FCF Ratio37.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$23.36Price Target Upside29.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)2.07
Revenue Forecast (FY)HK$33.83B
COSCO SHIPPING Energy Transportation Co Business Overview & Revenue Model
Company Description
COSCO SHIPPING Energy Transportation Co., Ltd. operates as an investment holding company with a core focus on the global and domestic maritime transportation of energy commodities. Its primary activities involve the shipment of crude oil, liquefie...
How the Company Makes Money
The company primarily makes money by providing seaborne transportation services using its owned/operated tanker and gas carrier fleet. Its core revenue model is freight income earned from moving cargo for customers under (1) spot market voyages wh...
COSCO SHIPPING Energy Transportation Co Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
61
Positive
Cash Flow
54
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 23.70B | 23.24B | 21.91B | 18.66B | 12.70B |
| Gross Profit | 6.11B | 6.33B | 6.50B | 3.46B | 929.09M |
| EBITDA | 10.66B | 8.37B | 9.39B | 6.61B | -884.09M |
| Net Income | 4.04B | 4.04B | 3.35B | 1.46B | -4.99B |
Balance Sheet | |||||
| Total Assets | 92.12B | 81.04B | 72.08B | 68.25B | 59.39B |
| Cash, Cash Equivalents and Short-Term Investments | 14.43B | 5.66B | 5.63B | 4.24B | 3.52B |
| Total Debt | 35.45B | 33.71B | 29.71B | 30.22B | 25.46B |
| Total Liabilities | 42.45B | 42.06B | 34.98B | 34.68B | 29.47B |
| Stockholders Equity | 46.43B | 35.87B | 35.16B | 31.57B | 28.59B |
Cash Flow | |||||
| Free Cash Flow | 1.12B | 749.93M | 3.02B | -238.76M | 468.51M |
| Operating Cash Flow | 6.61B | 8.63B | 8.66B | 4.21B | 3.39B |
| Investing Cash Flow | -4.32B | -8.76B | -4.60B | -5.19B | -2.64B |
| Financing Cash Flow | 6.17B | -102.21M | -2.73B | 1.52B | -2.08B |
COSCO SHIPPING Energy Transportation Co Technical Analysis
Negative
18.03
Price Trends
15.82
Negative
17.32
Negative
14.12
Negative
Market Momentum
-1.07
Positive
34.87
Neutral
17.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1138, the sentiment is Negative. The current price of 18.03 is above the 20-day moving average (MA) of 14.58, above the 50-day MA of 15.82, and above the 200-day MA of 14.12, indicating a bearish trend. The MACD of -1.07 indicates Positive momentum. The RSI at 34.87 is Neutral, neither overbought nor oversold. The STOCH value of 17.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1138.
COSCO SHIPPING Energy Transportation Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$97.29B | 9.95 | 48.55% | 9.80% | 11.50% | 17.54% | |
71 Outperform | HK$95.75B | 8.08 | 11.33% | 12.81% | -9.21% | -41.30% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | HK$251.86B | 8.92 | 10.75% | 12.48% | -6.12% | -35.50% | |
63 Neutral | HK$15.66B | 44.94 | 2.51% | 2.88% | -19.46% | -55.11% | |
55 Neutral | HK$82.39B | 12.92 | 13.05% | 4.76% | 2.50% | -2.32% | |
46 Neutral | HK$29.65B | 20.38 | 5.00% | 4.16% | -8.82% | 11.45% |
* Energy Sector Average
HK:1138
COSCO SHIPPING Energy Transportation Co
11.90
5.36
81.96%
HK:1919
COSCO SHIPPING Holdings Co
14.99
1.94
14.83%
HK:2866
COSCO SHIPPING Development Co
0.89
-0.25
-22.13%
HK:0316
Orient Overseas (International)
145.00
16.51
12.85%
HK:2343
Pacific Basin Shipping
3.10
1.02
48.82%
HK:1308
SITC International Holdings Co., Ltd.
35.88
13.13
57.68%
COSCO SHIPPING Energy Transportation Co Corporate Events
COSCO SHIPPING Energy Sees 141% Profit Surge on Booming Oil Freight Market
Jul 10, 2026
COSCO SHIPPING Energy Transportation Co. forecasts unaudited net profit attributable to equity holders of about RMB4.5 billion for the six months ended 30 June 2026, up roughly 141% from the restated RMB1.87 billion a year earlier. The improvement...
COSCO SHIPPING Energy Adjusts H-Share Book Closure and Dividend Payment Schedule
Jul 2, 2026
COSCO SHIPPING Energy Transportation Co., Ltd., a major Chinese energy shipping company listed in Hong Kong, operates a fleet that supports global energy logistics and maintains H shares to tap international investors. Its governance structure and...
COSCO SHIPPING Energy Announces Final Dividend for 2025 and Details Tax Treatment
Jul 2, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. declared a final ordinary dividend of RMB 0.38 per share for the financial year ended 31 December 2025, approved by shareholders on 26 June 2026. For Hong Kong H-shareholders, the dividend will be pai...
COSCO SHIPPING Energy Calls EGM to Approve New Director and QatarEnergy Project Guarantee
Jun 29, 2026
COSCO SHIPPING Energy Transportation Co. has called an extraordinary general meeting for 20 July 2026 in Shanghai, where shareholders will vote on key governance and project-related resolutions. The meeting underscores the company’s ongoing ...
COSCO SHIPPING Energy Approves Dividend and Overhauls Board Committees
Jun 26, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. reported that all resolutions at its 26 June 2026 annual general meeting were passed by poll, including approval of a final dividend of RMB0.38 per share for the 2025 financial year. The company also ...
COSCO SHIPPING Energy Updates Board Line-up and Governance Structure
Jun 26, 2026
COSCO SHIPPING Energy Transportation announced the latest composition of its board of directors, confirming Ren Yongqiang as executive director and chairman, alongside four non-executive directors and three independent non-executive directors. The...
COSCO SHIPPING Energy Tightens Performance-Based Pay Framework for Top Executives
Jun 26, 2026
COSCO SHIPPING Energy Transportation has introduced a formal remuneration management system for its directors and senior management, designed to align pay with performance, value creation and the company’s specific operating conditions. The ...
COSCO SHIPPING Energy Proposes New Executive Director for Strategy Committee
Jun 26, 2026
COSCO SHIPPING Energy Transportation has proposed appointing Mr. Wang Mingfeng as an executive director, with his term to run from shareholder approval until the end of the board’s eleventh session. Subject to approval, he will also join the...
COSCO SHIPPING Energy Lowers 2023 Option Exercise Prices After Dividend Payout
Jun 26, 2026
COSCO SHIPPING Energy Transportation has adjusted the exercise prices of share options granted under its 2023 A Share Option Incentive Scheme following shareholder approval of a 2025 cash dividend of RMB0.38 per share. The initial grant exercise p...
COSCO SHIPPING Energy Declares Final 2025 Dividend and Details Tax Treatment
Jun 26, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. has declared a final ordinary dividend of RMB 0.38 per share for the financial year ended 31 December 2025, with shareholder approval obtained on 26 June 2026. The dividend for Hong Kong-registered sh...
COSCO SHIPPING Energy orders four LNG carriers in RMB6.4 billion fleet expansion
Jun 2, 2026
COSCO SHIPPING Energy Transportation has ordered four large liquefied natural gas carriers from Jiangnan Shipyard under shipbuilding contracts signed on 2 June 2026, representing a total investment of about RMB6.445 billion. The 175,000-cubic-metr...
COSCO SHIPPING Energy Completes Signing of Equity Transfer Agreement for Dalian Unit
Jun 2, 2026
COSCO SHIPPING Energy Transportation has reported that its wholly owned subsidiary, Dalian COSCO Energy, has completed the signing of an equity transfer agreement with COSCO SHIPPING acting as the vendor. The deal, part of a previously announced p...
COSCO SHIPPING Energy Sets AGM to Approve Dividend, Director Pay and New Share Issuance Mandate
Jun 2, 2026
COSCO SHIPPING Energy Transportation Co. has called its annual general meeting for 26 June 2026 in Shanghai, where shareholders will vote on the 2025 annual report, a proposed final dividend of RMB0.38 per share, and authorization for the board to...
COSCO SHIPPING Energy Updates Final 2025 Dividend and Tax Arrangements
Jun 2, 2026
COSCO SHIPPING Energy Transportation has updated details of its proposed final dividend for the year ended 31 December 2025, confirming a payout of RMB 0.38 per share, subject to shareholder approval on 26 June 2026. The dividend, to be paid in Ho...
COSCO SHIPPING Energy Plans Guarantees to Support Subsidiary Financing
May 26, 2026
COSCO SHIPPING Energy Transportation plans to provide guarantees in favor of several wholly owned subsidiaries, including units in Hong Kong, Singapore, Hainan, Dalian and Shanghai, to support their financing activities. The guarantees, covering t...
COSCO SHIPPING Energy Unit Signs 20-Year Charters for Two Large Gas Carriers
May 26, 2026
COSCO SHIPPING Energy Transportation’s indirect wholly owned unit Future Ocean Company plans to lease two large gas carriers from Seaspan Corporation or its designated subsidiaries under 20-year charter parties. The carriers are expected to ...
COSCO SHIPPING Energy Proposes New Independent Non-Executive Directors
May 26, 2026
COSCO SHIPPING Energy Transportation has proposed appointing Li Jianhui, Chen Gang and Cheng Yan as independent non-executive directors, following a review by its nomination committee to ensure compliance with independence and board diversity requ...
COSCO SHIPPING Energy Plans RMB1.585 Billion Connected Acquisition
Apr 27, 2026
COSCO SHIPPING Energy Transportation has agreed that its wholly owned subsidiary Dalian COSCO Energy will acquire the entire equity interest in COSCO SHIPPING Investment Dalian from its controlling shareholder for a consideration of about RMB1.585...
COSCO SHIPPING Energy Profit Soars on Strong First-Quarter 2026 Performance
Apr 27, 2026
COSCO SHIPPING Energy Transportation reported a strong start to 2026, with first-quarter revenue rising 26.9% year-on-year to RMB 7.30 billion and gross profit more than tripling to RMB 2.95 billion. Net profit attributable to shareholders surged ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.