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<Research>G Sachs Raises COSCO SHIP ENGY (01138.HK) 2026-2028 Earnings Forecasts by 3-4%, Adds TP to $30
COSCO SHIP ENGY (01138.HK)'s 1Q26 results slightly beat the lowered market expectations, Goldman Sachs released a research report saying. Excluding an one-off disposal gain of ...
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<Research>G Sachs Raises COSCO SHIP ENGY (01138.HK) 2026-2028 Earnings Forecasts by 3-4%, Adds TP to $30
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COSCO SHIP ENGY (01138.HK)  -0.570 (-3.013%)    Short selling $5.44M; Ratio 2.297%   's 1Q26 results slightly beat the lowered market expectations, Goldman Sachs released a research report saying. Excluding an one-off disposal gain of RMB126 million, quarterly adjusted net profit was RMB2.1 billion, slightly above the market consensus of RMB1.8-1.9 billion.

As a large number of LR2 tankers switched to transporting dirty oil, effective capacity declined and product tanker freight rates elevated, the broker noted. As a result, Goldman Sachs raised its 2026-2028 earnings forecasts by 3-4%.

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Goldman Sachs added its target price for COSCO SHIP ENGY's H-shares to $30 from $29, mainly due to an expected increase in return on equity, which led to a higher target PB ratio for H-shares to 2.5x from 2.4x, with rating kept at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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