Futu news on November 21$COSCO SHIP ENGY (01138.HK)$Stronger against the market, as of press time, the stock rose 7.38% to HK $8, with a turnover of HK $201 million.

On the news side, Cosco Marine Energy Secretary Ni Yidan said at the third quarter 2022 results presentation that the oil tanker market is currently in a prosperous moment, and with the change in the oil trade pattern, as well as the positive signals from the supply side of oil tankers, the sustainability of this cycle is also worth looking forward to.

Zhu Jin, executive director and general manager of Cosco Haineng, said that the supply and demand fundamentals of the market are relatively healthy, the daily rent level of VLCC is close to US $80,000 per day, and the company is optimistic about the performance of the oil transportation market in the fourth quarter of this year and even next year. Zhu Jinjin believes that the current industry is in an upward cycle, freight rates will also fluctuate in the upward trend, and the continuously optimized supply and demand fundamentals will strongly support the future freight rate level.

Last week, according to CCTV, the Hungarian oil and gas company said it had been informed by Ukrainian partners that the Russian Friendship pipeline had suspended oil deliveries to Hungary, the Czech Republic and Slovakia after a substation powered by an oil pipeline in Ukraine was hit by a rocket. This news is further good for oil transport stocks.

In terms of institutions, Pacific Securities recently conducted a study on Cosco Haineng and issued a research report, "COSCO Marine Energy Q3 Quarterly report and performance statement will be reviewed, and tanker fluctuations will come." the report gives Cosco Haineng an overweight rating. The bank believes that the future geopolitical game will lead to changes in oil consumer demand, thus promoting the transformation of oil trade routes, and finally forming the growth expectation of the tanker transport plate. In addition, the level of global oil inventory will also affect the future oil transportation demand.

Guoxin Securities also issued a research report saying that in addition to the short-term upward flexibility brought about by freight rates, the oil transportation industry implies an upward option that replenishing crude oil inventories may trigger a burst of demand, which has both safety and upward flexibility in terms of investment attributes.

A number of institutions have said that the fundamentals of the oil transportation have not changed, the EU sanctions against Russia have not changed substantially, and they will continue to be optimistic about the oil transportation.