油轮几点情况更新：趋势上行仍在延续，HALo资产值得重视【兴证交运】 在内的核心租家，已在中东湾—中国航线上多次接受$190，000–$210，000/天区间的等效日收益水平；与此同 时，中国租船巨头联合石化Unipec 亦在高位持续入市，显示主流货盘并未因价格飙升而明显退出。 #最新一年期租价格持续上行。 过去数周内，一年期期租水平被连续抬升：从此前被视为"极端高位" 油轮几点情况更新：趋势上行仍在延续，HALo资产值得重视【兴证交运】 在内的核心租家，已在中东湾—中国航线上多次接受$190，000–$210，000/天区间的等效日收益水平；与此同 时，中国租船巨头联合石化Unipec 亦在高位持续入市，显示主流货盘并未因价格飙升而明显退出。 #最新一年期租价格持续上行。 过去数周内，一年期期租水平被连续抬升：从此前被视为"极端高位"的 $76，900/天（Frontline成组一年期租），迅 速上移至 $105，000/天（DHTHoldings），随后再被市场报道推进至 $110，000/天，并出现 $125，000–$130，000/ 天 的下一档预期区间。 #最新美伊谈判。 伊朗外长阿拉格齐在伊美第 ...

同时，大量资金借道基金抢筹布局油气板块。Wind数据显示，开年以来超80亿元资金净流入油气ETF， 国泰石油ETF、鹏华石油ETF分别获得29.91亿元、15.42亿元净流入。 招商证券认为，抛开短期地缘催化，市场对全球能源需求的持续增长与产能瓶颈存在的明显认知差是油 服行业更为关键的长期成长逻辑。东莞证券进一步分析表示，2025年原油市场因供给阶段性偏松呈累库 状态，2026年随OPEC+强化减产、供给端显著缩量，叠加需求持续复苏，市场进入去库阶段，供需格 局从宽松转向紧平衡。原油需求复苏的持续性与库存去化的确定性形成双重基本面支撑，进一步夯实国 际油价中期偏强运行的基础，为油气企业资本开支落地、油服设备需求释放筑牢核心逻辑。（闻辉） 【环球网财经综合报道】开年以来，受全球宏观周期转向、地缘风险溢价等因素影响，油气板块持续走 强，成为市场关注焦点。年初至今，通源石油涨超170%，洲际油气、招商轮船等多只个股涨幅超 50%，中证油气资源指数整体上涨超33%。 2月27日，油气板块再度上扬，和顺石油涨停，杰瑞股份、胜通能源等个股涨幅超5%。从更长时间维度 看，全球油气板块集体走高，ICE布油价格从去年末的58. ...

来源：证券时报 继有色之后，油气板块延续大宗商品行情，成为最近市场的关注热点。 开年以来，在全球宏观周期转向、地缘风险溢价等因素共同作用下，油气板块持续走强，通源石油大涨 173.01%，洲际油气、招商轮船、中远海能、杰瑞股份等众多个股上涨超50%，中证油气资源指数整体 上涨33.07%，更有超80亿资金通过ETF渠道涌入，成为资金青睐的一大景气方向。 然而，面对种类繁多、差异较大的油气基金，如何避开高溢价的"陷阱"，选择与自己投资逻辑匹配的工 具，成为投资者面临的实际挑战。 超80亿资金借道基金抢筹 2月27日，油气板块再度大涨，和顺石油涨停，杰瑞股份、胜通能源等个股上涨超5%，多只油气ETF上 涨超2%。 拉长时间来看，全球油气板块集体共振，ICE布油从去年末的58.72美元/桶涨至突破70美元/桶，美股的 道琼斯美国石油开发与生产指数年内上涨18.43%，A股的中证油气资源指数上涨33.07%，通源石油、潜 能恒信等个股股价翻倍。 在行情走强的同时，大量资金借道基金抢筹，布局油气板块。wind数据显示，开年以来，超80亿元资金 净流入油气ETF，其中国泰石油ETF、鹏华石油ETF分别获得了29.91亿元 ...

2026 年 02 月 27 日 "申万宏源十大金股组合" —— 2026 年第 3 期：3 月 1 日-3 月 31 日 组合说明： ⚫ "金股组合"一方面体现申万宏源未来 1 个月的大势研判观点及风格判断结论，另一方面 体现我们申万宏源整体研究团队的研究能力与市场竞争力，在严格的申报筛选流程下，我 们从全行业的角度为投资者精选个股，力求为投资者提供踏实的研究支持。本次报告对上 期金股组合进行更新。 上期组合回顾： 本期策略判断： 本期金股组合：(具体推荐逻辑详见正文第 3 部分十大金股组合) 本研究报告仅通过邮件提供给 中庚基金 使用。1 证 券 研 究 证券分析师 王胜 A0230511060001 wangsheng@swsresearch.com 刘洋 A0230513050006 liuyang2@swsresearch.com 屠亦婷 A0230512080003 tuyt@swsresearch.com 刘雅婧 A0230521080001 liuyj@swsresearch.com 王雪蓉 A0230523070003 wangxr@swsresearch.com 联系人 王雪蓉 A0230 ...

股价3天累涨近28%，招商局能源运输股份有限公司（以下简称"招商轮船"或"公司"）2月26日晚间发布 《股票交易异常波动公告》称，预计相关航运市场现货运费率持续面临剧烈波动的风险。 公告称，公司股票于2026年2月24日、25日、26日连续三个交易日内收盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动的情形。 招商轮船表示，近期公司生产经营情况正常。受影响市场供需结构的多种因素综合影响，国际油轮市场 持续高涨、油轮资产价格明显上升；受好望角、巴拿马等干散货船型市场需求强劲推动，BDI指数春节 淡季表现也超出业内普遍预期。 经向公司控股股东和实际控制人核实，公司控股股东及实际控制人确认：截至目前，除前期公司已披露 事项外，未筹划涉及上市公司的重大资产重组、收购、债务重组、业务重组、资产剥离、资产注入等重 大事项。 招商轮船于2026年1月14日对外披露了《招商轮船董事、高管股权激励所获股票减持计划的公告》。王 永新、徐晖、胡斌、孔康四位公司董事、高级管理人员计划自2026年2月4日至2026年4月30日期间，拟 通过集中竞价方式合计减持不超过648,612股，减持 ...

- The report introduces a quantitative model based on the "250-day new high distance" to track market trends and identify investment hotspots. The model calculates the distance of the latest closing price from the highest closing price in the past 250 trading days using the formula: $ 250\text{-day new high distance} = 1 - \frac{Close_t}{ts\_max(Close, 250)} $ where $ Close_t $ represents the latest closing price, and $ ts\_max(Close, 250) $ is the maximum closing price over the past 250 trading days. A value of 0 indicates a new high, while positive values indicate the degree of pullback from the high[11][19][23] - The model evaluates the effectiveness of momentum and trend-following strategies, referencing prior research such as George (2004) and William O'Neil's CANSLIM system, which emphasize the importance of stocks reaching new highs as potential leaders in market uptrends[11][18][21] - A secondary screening process identifies "stable new high stocks" by incorporating factors such as analyst attention, relative stock strength, price path smoothness, and the sustainability of new highs. Specific criteria include: 1. At least five "buy" or "overweight" ratings in the past three months 2. 250-day price performance in the top 20% of the market 3. Price path smoothness measured by the ratio of price displacement to total price movement over 120 days 4. Consistency of new highs over the past 120 days 5. Trend continuation based on the average 250-day new high distance over the past five days[23][27][28] - Backtesting results show that as of February 27, 2026, 1,370 stocks reached 250-day new highs in the past 20 trading days. The sectors with the highest number of such stocks include machinery, basic chemicals, and electronics. The highest proportions of new high stocks are found in non-ferrous metals, petrochemicals, and steel industries[19][20][33] - The "stable new high stocks" screening process identified 37 stocks, with the technology and manufacturing sectors contributing the most, at 16 and 11 stocks, respectively. Within these sectors, electronics and machinery were the leading industries[28][33]

Core Viewpoint - The article emphasizes that market movements are influenced more by underlying trading behaviors rather than just news events, suggesting that a quantitative data approach can help investors understand the true market dynamics [1]. Group 1: Market Dynamics - Various smartphone brands are planning to adjust product prices due to rising costs from memory and storage chips, marking the largest price increase in the smartphone industry in five years [2]. - In the automotive sector, Chinese brand passenger car sales in January 2026 reached 1.329 million units, a decrease of 32.1% month-on-month and 8.9% year-on-year, with a market share drop of 1.5 percentage points [2]. Group 2: Shareholder Actions - Shareholders of Hongsheng Huayuan and Fangzheng Technology plan to reduce their stakes by up to 1% and 3% respectively [2]. - A significant share unlock is expected for several companies on March 2, including: - China Merchants Shipping with a 64.86% unlock, estimated at 81.94 billion [2]. - Weidian Physiotherapy with a 73.477% unlock, estimated at 14.12 billion [2]. - New Giant Hand with a 30.88% unlock, estimated at 11.53 billion [2]. - JuJiao Co. and HengLian Co. with unlocks of 21.7% and 21.32%, estimated at 8.84 billion and 17.5 billion respectively [2]. Group 3: Trading Behavior Insights - The article introduces four core trading behaviors identified through quantitative data: - "Bullish Dominance" indicates active buying [4]. - "Profit Taking" shows that previous investors are cashing out [4]. - "Bearish Dominance" reflects a tendency for investors to sell [4]. - "Short Covering" indicates that previously exited investors are re-entering the market [4]. Group 4: Behavioral Analysis - The article discusses how "Profit Taking" can mislead investors into thinking a stock is still on an upward trend when in fact, funds are exiting [6]. - Conversely, "Short Covering" can lead to price increases despite negative news, as funds may be entering the market during panic selling [10]. - Quantitative data can reveal these hidden behaviors, allowing investors to make more informed decisions and avoid emotional reactions to market fluctuations [13].

消息面上，委内瑞拉石油部已暂停在马杜罗执政期间与私营公司签署的19份石油产量分成合同。据悉， 合同暂停尚未对委内瑞拉的石油和天然气产量造成影响；在合同暂停期间，委内瑞拉国家石油公司仍在 出售这些合同项下生产的原油。委内瑞拉和美国将对合同进行审查，并可能建议撤销部分合同；签署合 同公司的资质也将被评估。此外，美伊局势仍不明朗，地缘局势升温支撑石油价格。 国信证券指出，国内油气对外依赖度较高，国家将海洋能源作为保障能源安全的战略重点，通过税收优 惠降低海洋油气勘探装备进口成本，旨在提升国内油气自主供给能力，保障国家能源安全。进口天然气 在我国天然气供应中扮演重要角色，但价格相对较高，且波动性大。对符合条件的进口天然气按比例返 还进口环节增值税，有助于保障能源安全。 截至2026年2月27日 14:16，国证石油天然气指数(399439)强势上涨1.99%，成分股和顺石油上涨 10.00%，水发燃气上涨9.60%，杰瑞股份上涨7.69%，九丰能源，迪威尔等个股跟涨。石油ETF鹏华 (159697)上涨2.16%，最新价报1.46元。 石油ETF鹏华紧密跟踪国证石油天然气指数，国证石油天然气指数反映沪深北交易所石油天 ...

来源：新浪基金∞工作室 2月27日，油气ETF华泰柏瑞（561570）开盘跌0.76%，报1.442元。油气ETF华泰柏瑞（561570）重仓股 方面，中国海油开盘涨0.03%，中国石油跌0.09%，中国石化涨0.15%，杰瑞股份跌0.33%，招商轮船涨 2.50%，广汇能源涨0.35%，中远海能涨0.29%，恒力石化跌0.47%，荣盛石化跌0.13%，洲际油气跌 0.16%。 油气ETF华泰柏瑞（561570）业绩比较基准为中证油气产业指数收益率，管理人为华泰柏瑞基金管理有 限公司，基金经理为李沐阳，成立（2024-10-09）以来回报为45.25%，近一个月回报为10.11%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 ...

Group 1 - The geopolitical tensions between the US and Iran are increasing, leading to a normalization of risk premiums in oil transportation and raising freight rates [1] - In the short term, the crisis in the Strait of Hormuz is expected to trigger a large-scale rush for oil transport, resulting in a spike in oil and freight prices [1] - In the medium to long term, Iran may shift towards compliant markets, improving the supply-demand dynamics for VLCCs (Very Large Crude Carriers) [1] Group 2 - Sinokor, a South Korean shipowner, is significantly increasing its VLCC capacity, controlling/operating 120 VLCCs, which accounts for 18% of the compliant VLCC market capacity and 14% of the global VLCC capacity [1] - By the end of 2026, Sinokor's capacity is expected to reach approximately 158 VLCCs, representing 24% of the compliant VLCC market capacity [1] - The VLCC market is transitioning from a relatively fragmented structure to an oligopoly, with stricter sanctions from the US and Europe on non-compliant capacities, making compliant capacity a core asset and enhancing shipowners' bargaining power [1] Group 3 - As of February 27, 2026, the Guozheng Oil and Gas Index (399439) has risen by 0.86%, with significant increases in stocks such as Shun Oil (+10.00%) and Zhenwei (+6.30%) [2] - The Guozheng Oil and Gas Index reflects the price changes of publicly listed companies related to the oil and gas industry in the Shanghai and Shenzhen stock exchanges [2] - The top ten weighted stocks in the Guozheng Oil and Gas Index account for 66.76% of the index, including major companies like China National Petroleum, CNOOC, and Sinopec [2]