CMB: Maintain "Buy" rating on China Merchants Energy Shipping Co., Ltd. (01138.HK) with target price lowered from HK$13 to HK$12.

Wisdom Financial APP learned that JP Morgan issued a research report stating that it maintains a "buy" rating on China COSCO's H shares (01138.HK), with a target price lowered from 13 Hong Kong dollars to 12 Hong Kong dollars; it maintains a "neutral" rating on China COSCO's A shares (600026.SH), with a target price lowered from 14 yuan to 13 yuan. The report points out that although market concerns about current disruptions in shipping may gradually ease, it still expects next year's profits from oil tankers to remain resilient, and recommends that investors buy China COSCO's H shares on dips.