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<Research>M Stanley Expects COSCO SHIP ENGY (01138.HK) Share Price to Rise Over Next 60 Days
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Morgan Stanley, in its technical report, forecast COSCO SHIP ENGY (01138.HK)'s share price to ascend over the next 60 days, with a likelihood estimated at 70-80%. The rating was Overweight, with a TP of HKD26. The report noted that the company's recent share price weakness has made its short-term valuation more compelling. If crude oil transportation volumes from the Middle East or the U.S. Gulf increase, tanker fundamentals should find support. Auto-translated by AI AASTOCKS Financial News |
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