COSCO SHIPPING Energy Transportation Co Ltd Class H (HK:1138)
:1138
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COSCO SHIPPING Energy Transportation Co
(1138)
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Rating:60Neutral
Price Target:
HK$18.00
â–¼(-0.17% Downside)
Action:DowngradedDate:04/29/26
The score is driven primarily by fair-to-good financial performance (solid profitability but sharp revenue decline, moderate leverage, and weaker/volatile free cash flow). Technical signals are currently bearish and weigh on the score, while valuation (P/E ~10.7 and ~2.74% yield) provides meaningful support.
Positive Factors
Group-scale commercial support
Being part of the COSCO SHIPPING group provides durable commercial scale and network effects: preferential access to cargo flows, group charters, procurement leverage and shared operational capabilities. These structural benefits lower unit costs and support revenue stability across cycles.
Negative Factors
High revenue cyclicality
A roughly 63% revenue decline in one year highlights extreme exposure to freight-rate cycles and commodity trade volumes. Such structural cyclicality undermines revenue predictability, complicates long-term investment planning and increases downside risk over multi-month downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Group-scale commercial support
Being part of the COSCO SHIPPING group provides durable commercial scale and network effects: preferential access to cargo flows, group charters, procurement leverage and shared operational capabilities. These structural benefits lower unit costs and support revenue stability across cycles.
Read all positive factors
COSCO SHIPPING Energy Transportation Co (1138) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$121.10B
Dividend Yield4.76%
Average Volume (3M)33.89M
Price to Earnings (P/E)10.7
Beta (1Y)0.77
Revenue Growth2.50%
EPS Growth-2.32%
CountryHK
Employees7,854
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.46
Shares Outstanding1,296,000,000
10 Day Avg. Volume26,114,725
30 Day Avg. Volume33,893,501
Financial Highlights & Ratios
PEG Ratio-2.28
Price to Book (P/B)0.91
Price to Sales (P/S)1.83
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$28.75Price Target Upside59.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)2.02
Revenue Forecast (FY)HK$33.68B
COSCO SHIPPING Energy Transportation Co Business Overview & Revenue Model
Company Description
COSCO SHIPPING Energy Transportation Co., Ltd., an investment holding company, engages in the shipment of oil, liquefied natural gas (LNG), and chemicals along the coast of the People's Republic of China and internationally. It operates in Oil Shi...
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 | 23.09B | 23.24B | 21.91B | 18.66B | 12.70B |
| Gross Profit | 5.78B | 6.33B | 6.50B | 3.46B | 929.09M |
| EBITDA | 8.48B | 8.37B | 9.39B | 6.61B | -884.09M |
| Net Income | 3.93B | 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
Neutral
18.03
Price Trends
18.14
Negative
14.46
Positive
11.28
Positive
Market Momentum
0.08
Positive
45.65
Neutral
20.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1138, the sentiment is Neutral. The current price of 18.03 is below the 20-day moving average (MA) of 19.27, below the 50-day MA of 18.14, and above the 200-day MA of 11.28, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 45.65 is Neutral, neither overbought nor oversold. The STOCH value of 20.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$84.78B | 7.76 | 48.55% | 9.80% | 11.50% | 17.54% | |
71 Outperform | HK$89.08B | 7.02 | 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$244.79B | 6.39 | 13.13% | 12.48% | -6.12% | -35.50% | |
63 Neutral | HK$15.44B | 26.23 | 2.51% | 2.88% | -19.46% | -55.11% | |
60 Neutral | HK$121.10B | 10.71 | 9.13% | 4.76% | 2.50% | -2.32% | |
47 Neutral | HK$33.35B | 14.39 | 5.24% | 4.16% | -8.82% | 11.45% |
* Energy Sector Average
HK:1138
COSCO SHIPPING Energy Transportation Co
17.25
11.30
190.06%
HK:1919
COSCO SHIPPING Holdings Co
14.44
4.13
40.02%
HK:2866
COSCO SHIPPING Development Co
1.10
0.26
30.18%
HK:0316
Orient Overseas (International)
135.30
38.69
40.05%
HK:2343
Pacific Basin Shipping
3.07
1.43
86.74%
HK:1308
SITC International Holdings Co., Ltd.
31.76
13.62
75.07%
COSCO SHIPPING Energy Transportation Co Corporate Events
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 ...
COSCO SHIPPING Energy Confirms First Option Exercise Window and Adjusts 2023 Incentive Scheme
Apr 15, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. is a PRC-incorporated, Hong Kong-listed company engaged in energy shipping and related maritime transportation services. The company operates primarily in the seaborne transport of oil and other energ...
COSCO SHIPPING Energy Orders Two Panamax Crude Oil Tankers in Connected Deal
Apr 15, 2026
COSCO SHIPPING Energy Transportation plans to sign shipbuilding contracts with Qidong Offshore, an indirect wholly owned unit of its controlling shareholder COSCO SHIPPING, for the construction of two Panamax crude oil tankers. The vessels, with a...
COSCO SHIPPING Energy Schedules Board Meeting to Approve Q1 2026 Results
Apr 15, 2026
COSCO SHIPPING Energy Transportation has announced that its board of directors will convene on 27 April 2026 to review and approve the unaudited first-quarter results for the period ended 31 March 2026. The scheduled meeting signals the upcoming r...
COSCO SHIPPING Energy Delivers Flat 2025 Profit on Higher Revenue and Rising Costs
Mar 26, 2026
COSCO SHIPPING Energy Transportation reported 2025 revenue of RMB23.70 billion, up 2.34% year on year, while profit attributable to equity holders was broadly flat at about RMB4.04 billion and earnings per share slipped slightly. The group benefit...
COSCO SHIPPING Energy Proposes Final 2025 Dividend of RMB 0.38 Per Share
Mar 26, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. has proposed a final ordinary cash dividend of RMB 0.38 per share for the financial year ended 31 December 2025, subject to shareholder approval. Key details such as the default payment currency, exch...
COSCO SHIPPING Energy Sets Board Meeting to Approve 2025 Results and Final Dividend Plan
Mar 16, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. has notified investors that its board will convene on March 26, 2026 to review and approve the annual results for the year ended December 31, 2025. The board will also consider a recommendation for a ...
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.