Zhi Tong Cai Jing·2026-01-26 02:08Core Viewpoint - COSCO Shipping Energy (中远海能) shares have increased by approximately 5.29%, reaching HKD 13.54, with a trading volume of HKD 108 million, following new sanctions imposed by the U.S. Treasury Department on entities related to Iran's energy and shipping sectors [1] Group 1: Company Performance - The report from Caitong Securities indicates that COSCO Shipping Energy and China Merchants Energy (招商轮船) will benefit from scalable tanker capacity, showing significant earnings elasticity [1] - For instance, a daily increase of USD 10,000 in TCE (Time Charter Equivalent) is expected to raise annual net profits by approximately CNY 950 million for COSCO Shipping Energy [1] Group 2: Market Outlook - Historical analysis suggests that during the peak of the shipping market over the past decade, the price-to-earnings (PE) ratio for oil shipping companies could reach 13-15 times, indicating potential for valuation improvement in the A-share oil shipping sector [1] - If the compliant market supply and demand further improve, it may enhance the valuations of oil shipping companies, highlighting the discount opportunities for related Hong Kong stocks [1]