On July 1st, Guolian Securities pointed out that in the first research report on Cosco Ship Engy (1138.HK), it was given a "recommended" rating. It is expected that the company's net income attributable to its parent company from 2024 to 2026 will be 6.41, 7.71 and 8.35 billion yuan, respectively, with corresponding EPS of 1.34, 1.62 and 1.75 yuan, and a target price of HKD 13.12. Prospects for the future: Clarkson predicts that the growth rate of crude oil tanker capacity in 2024 and 2025 will be -0.1% and 1%, respectively, while the growth rate of crude oil marine transportation turnover will be 2.8% and 3.1%, respectively. The supply and demand relationship in the industry is good, and the business climate is expected to continue to improve. As of the end of April 2024, the company owned and controlled 154 oil tankers, with a total carrying capacity of 22.43 million deadweight tons (70% of which are VLCCs); 43 LNG ships, with a total capacity of 7.2 million cubic meters. The company's marine transportation fleet capacity ranks first in the world, and is expected to fully enjoy the elasticity of rising cycle freight rates. In addition, LNG ships are tied to long-term leases for specific projects, which bring stable income. With more projects accelerating landing, profits are expected to maintain a growth trend.