29 March 2026 | 7:39PM HKT Equity Research COSCO Shipping Energy (1138.HK) FY25 results review: missed on delayed recognition of high TCE; mgmt guide a normal load factor for vessels outside the Gulf | 1138.HK | 12m Price Target: HK$29.00 | Price: HK$18.98 | Upside: 52.8% | | --- | --- | --- | --- | | 600026.SS | 12m Price Target: Rmb32.00 | Price: Rmb23.69 | Upside: 35.1% | COSCO Shipping Energy reported FY25 results and hosted results briefing on Mar 27. FY25 net profit was Rmb4.0bn, implying 4Q25 net pro ...