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COSCO SHIPPING Energy Transportation Co
(1138)
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Rating:61Neutral
Price Target:
HK$19.50
â–²(19.34% Upside)
Action:Reiterated
Date:10/16/26
Overall score reflects fair fundamentals as the primary driver: solid profitability is offset by a steep 2025 revenue decline, moderate-to-elevated leverage, and inconsistent/low-quality free-cash-flow conversion. Technicals are mixed (broader uptrend but near-term weakness), while valuation is supportive due to a reasonable P/E and a ~4.15% dividend yield.
Positive Factors
Solid Profitability
Healthy gross and net margins show that the company continues to generate meaningful earnings from its shipping operations. This profitability provides an operating base for fleet investment and debt service, although the durability of returns remains exposed to freight-market cycles.
Negative Factors
Sharp Revenue Decline and Cyclicality
The steep annual revenue decline demonstrates that reported earnings are highly sensitive to freight conditions and the shipping cycle. Such volatility makes forward revenue and margin durability less predictable, potentially reducing the consistency of cash available for fleet renewal and other long-term priorities.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid Profitability
Healthy gross and net margins show that the company continues to generate meaningful earnings from its shipping operations. This profitability provides an operating base for fleet investment and debt service, although the durability of returns remains exposed to freight-market cycles.
Read all positive factors
COSCO SHIPPING Energy Transportation Co (1138) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$111.33B
Dividend Yield4.48%
Average Volume (3M)22.44M
Price to Earnings (P/E)11.3
Beta (1Y)0.51
Revenue Growth22.00%
EPS Growth90.42%
CountryHK
Employees7,979
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)1.08
Shares Outstanding1,296,000,000
10 Day Avg. Volume23,213,700
30 Day Avg. Volume22,437,318
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$26.47Price Target Upside61.97% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)2.37
Revenue Forecast (FY)HK$35.99B
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 ocean transportation services using its tanker fleet and earning freight income under shipping contracts. Key revenue streams generally include: (1) Freight/charter revenue from transporting crude oil...
COSCO SHIPPING Energy Transportation Co Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
61
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.08B | 23.70B | 23.24B | 21.91B | 18.66B | 12.70B |
| Gross Profit | 8.44B | 6.11B | 6.33B | 6.50B | 3.46B | 929.09M |
| EBITDA | 12.44B | 10.66B | 8.68B | 9.39B | 5.20B | -2.19B |
| Net Income | 5.83B | 4.04B | 4.04B | 3.38B | 1.46B | -4.99B |
Balance Sheet | ||||||
| Total Assets | 100.73B | 92.12B | 81.04B | 72.08B | 68.25B | 59.39B |
| Cash, Cash Equivalents and Short-Term Investments | 18.19B | 14.43B | 5.66B | 5.63B | 4.24B | 3.52B |
| Total Debt | 38.69B | 35.45B | 33.71B | 29.71B | 30.22B | 25.46B |
| Total Liabilities | 49.40B | 42.45B | 42.06B | 34.98B | 34.68B | 29.47B |
| Stockholders Equity | 48.10B | 46.43B | 36.39B | 35.16B | 31.57B | 28.59B |
Cash Flow | ||||||
| Free Cash Flow | 1.26B | 1.12B | 749.93M | 3.02B | -238.76M | 468.51M |
| Operating Cash Flow | 10.77B | 6.61B | 8.63B | 8.66B | 4.21B | 3.39B |
| Investing Cash Flow | -9.13B | -4.32B | -8.76B | -4.60B | -5.19B | -2.64B |
| Financing Cash Flow | 7.81B | 6.17B | -102.21M | -2.73B | 1.52B | -2.08B |
COSCO SHIPPING Energy Transportation Co Technical Analysis
Negative
16.34
Price Trends
18.08
Negative
15.89
Positive
16.00
Positive
Market Momentum
-0.34
Positive
42.91
Neutral
39.57
Neutral
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 16.34 is below the 20-day moving average (MA) of 18.86, below the 50-day MA of 18.08, and above the 200-day MA of 16.00, indicating a neutral trend. The MACD of -0.34 indicates Positive momentum. The RSI at 42.91 is Neutral, neither overbought nor oversold. The STOCH value of 39.57 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$129.07B | 12.91 | 47.80% | 6.72% | 5.19% | -3.90% | |
74 Outperform | HK$101.24B | 10.02 | 9.43% | 4.94% | -8.09% | -52.15% | |
69 Neutral | HK$18.31B | 17.31 | 7.42% | 5.93% | -6.24% | 39.60% | |
67 Neutral | HK$290.63B | 9.58 | 11.46% | 6.02% | -4.84% | -42.70% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | HK$111.33B | 11.35 | 17.99% | 4.48% | 22.00% | 90.42% | |
51 Neutral | HK$30.12B | 19.10 | 5.29% | 4.77% | -2.33% | -1.27% |
* Energy Sector Average
HK:1138
COSCO SHIPPING Energy Transportation Co
17.53
7.12
68.44%
HK:1919
COSCO SHIPPING Holdings Co
17.90
5.24
41.43%
HK:2866
COSCO SHIPPING Development Co
0.90
-0.21
-19.08%
HK:0316
Orient Overseas (International)
158.80
31.06
24.32%
HK:2343
Pacific Basin Shipping
3.62
1.19
49.13%
HK:1308
SITC International Holdings Co., Ltd.
48.24
22.04
84.10%
COSCO SHIPPING Energy Transportation Co Corporate Events
COSCO SHIPPING Energy Sets Board Meeting to Approve Nine-Month Unaudited Results
Oct 14, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. has scheduled a board meeting for 28 October 2026 in Shanghai to review and approve the unaudited consolidated results for the nine months ended 30 September 2026. The upcoming disclosure of year-to-d...
COSCO SHIPPING Energy Clarifies 20% Withholding Tax on 2026 Interim Dividend
Sep 15, 2026
COSCO SHIPPING Energy Transportation has issued a supplemental announcement clarifying the tax treatment of its 2026 interim dividend for individual foreign shareholders of its H shares. Under a new PRC personal income tax policy effective Septemb...
COSCO SHIPPING Energy Updates Tax Terms on 2026 Interim Dividend
Sep 15, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. has announced an interim ordinary cash dividend of RMB 0.28 per share for the six months ended 30 June 2026, equivalent to HKD 0.32371 per share, with an ex-dividend date of 17 September 2026 and paym...
COSCO SHIPPING Energy Reshapes Board and Audit Committee at Extraordinary Meeting
Sep 1, 2026
COSCO SHIPPING Energy Transportation announced that shareholders approved a key resolution at its extraordinary general meeting held in Shanghai on 1 September 2026, with over half of the company’s issued shares represented. All directors, i...
COSCO SHIPPING Energy Updates Board and Committee Line-up
Sep 1, 2026
COSCO SHIPPING Energy Transportation has updated the composition of its board of directors, confirming two executive directors, four non-executive directors and three independent non-executive directors. The announcement also reiterates the roles ...
COSCO SHIPPING Energy Profit Jumps 141% on Strong First-Half Performance
Aug 28, 2026
COSCO SHIPPING Energy Transportation reported interim 2026 revenue of RMB15.08 billion, up 30.3% year on year, as gross profit more than doubled and operating costs were kept broadly flat. Profit attributable to shareholders surged 140.6% to RMB4....
COSCO SHIPPING Energy Declares 2026 Interim Dividend and Sets H-Share Payout
Aug 28, 2026
COSCO SHIPPING Energy Transportation has approved a 2026 interim dividend of RMB0.28 per share, representing 30% to 50% of net profit attributable to shareholders for the first half of 2026. The dividend will be paid in RMB to A shareholders and m...
COSCO SHIPPING Energy Announces 2026 Interim Dividend and Withholding Tax Arrangements
Aug 28, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. has declared an interim ordinary dividend of RMB 0.28 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. Holders of H shares will receive the dividend in ...
COSCO SHIPPING Energy Cuts 2023 Option Exercise Prices After Interim Dividend
Aug 28, 2026
COSCO SHIPPING Energy Transportation has adjusted the exercise prices of share options granted under its 2023 A Share Option Incentive Scheme following approval of its 2026 interim profit distribution plan. After declaring a cash dividend of RMB0....
COSCO SHIPPING Energy Schedules Board Meeting to Review Interim Results and Dividend
Aug 11, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider recommending an interim dividend, a decis...
COSCO SHIPPING Energy Revamps Board Risk and Compliance Committee
Aug 11, 2026
COSCO SHIPPING Energy Transportation Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong, operates in the energy transportation industry, providing shipping services for energy commodities. Its governance structure comprises exec...
COSCO SHIPPING Energy Updates Board Composition and Committee Roles
Aug 11, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. has announced the current composition of its board of directors, confirming REN Yongqiang as chairman and WANG Mingfeng as president, alongside a mix of non-executive and independent non-executive dir...
COSCO SHIPPING Energy Proposes New Non-Executive Director for Audit Role
Aug 11, 2026
COSCO SHIPPING Energy Transportation Co., Ltd., a Hong Kong-listed energy shipping company incorporated in the PRC, provides marine transport services for energy commodities within the COSCO SHIPPING group. The firm operates under a typical listed...
COSCO SHIPPING Energy Calls EGM to Elect New Non-Executive Director
Aug 11, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. has called an extraordinary general meeting for 1 September 2026 in Shanghai to seek shareholder approval for the election of Mr. He Bin as a non-executive director and to confirm the term of his appo...
COSCO SHIPPING Energy Wins EGM Backing and Adds New Executive Director
Jul 20, 2026
COSCO SHIPPING Energy Transportation Co., Ltd., a major Chinese energy shipping company listed in Hong Kong, operates a sizable fleet serving the oil and energy logistics market and is held by both A Share and H Share investors. Its governance str...
COSCO SHIPPING Energy Transportation Updates Board and Committee Structure
Jul 20, 2026
COSCO SHIPPING Energy Transportation Co., Ltd. has announced the latest composition of its board of directors, confirming two executive directors, four non-executive directors and three independent non-executive directors, with Chairman Ren Yongqi...
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.