Lates News

According to Every AI News, Huayuan Securities issued a research report on September 2, giving China COSCO Shipping Energy Transportation (600026.SH) a buy rating. The main reasons for the rating include: 1) the decline in revenue of oil tanker routes year-on-year leading to short-term performance pressure, with an increase in the contribution of LNG business; 2) OPEC+ increasing production is favorable for VLCC, and freight rates are expected to continue to strengthen; 3) the company's private placement application has been approved by the China Securities Regulatory Commission. (Daily Economic News)