Changes in Hong Kong stocks | COSCO Marine (01138) rose more than 3%, and demand for legal tankers is rising against the backdrop of geopolitical dynamics

The Zhitong Finance App learned that COSCO Hainan (01138) rose more than 3%. As of press release, it had risen 3.41% to HK$9.98, with a turnover of HK$32.645 million.

According to the news, according to the First Financial Report, a small number of boats booked by Chevron are preparing to sail to Venezuela. After Venezuelan President Nicolas Maduro was captured by the US military, the company became the country's sole exporter of oil. According to data, at least 11 tankers leased by the US oil giant are scheduled to arrive at the Venezuelan government-controlled ports of José and Bajo Grande this month. This data is preliminary. It is an increase compared to the number of 9 ships in December last year. It is also the highest value since October. At that time, 12 tankers were loading cargo here.

Damo released a research report saying that it believes COSCO Haineng's stock price will definitely rise in the next 30 days because the stock has recently experienced a correction, making its short-term valuation more attractive. Damo pointed out that under geopolitical dynamics, demand for legal oil tankers is rising, and it is estimated that the probability of this scenario occurring is about 70% to 80% or “very likely.”