HK Stock Market Move | COSCO Shipping Energy Transportation(01138) rose more than 5% due to geopolitical disturbances being beneficial for the compliant oil tanker market. Morgan Stanley believes its short-term valuation is attractive.

COSCO Shipping Energy Transportation (01138) rose more than 5%, at the time of writing, it had risen by 5.63%, to HK $10.13, with a trading volume of 125 million Hong Kong dollars. On the news front, it was reported that the United States has seized a Russian-flagged oil tanker related to Venezuela, as part of President Trump's efforts to dominate the energy flow in the Americas through strong-arm tactics and force the Venezuelan government to lean towards the U.S. camp. The White House also mentioned that Trump is discussing various options to acquire Greenland, including not ruling out the use of military force. Morgan Stanley recently pointed out that they believe the stock price of COSCO Shipping Energy Transportation will have an absolute increase in the next 30 days. This is because the stock has recently experienced a pullback, making its short-term valuation more attractive. Morgan Stanley sees a rising demand for legitimate oil tankers amidst geopolitical dynamics.