China Merchants Steamship's stock price has increased nearly 25% in three days: The Middle East situation has led the company's fleets to suspend entry and exit from the Persian Gulf route, and freight rate trends are uncertain.

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COSCO SHIPPING Holdings Co., Ltd. (hereinafter referred to as “COSCO SHIPPING,” 601872) issued an announcement regarding abnormal fluctuations in its stock trading.

On April 3rd, COSCO SHIPPING announced that its stock price had deviated by more than 20% in closing prices over three consecutive trading days on April 1st, 2nd, and 3rd, according to relevant regulations of the Shanghai Stock Exchange Trading Rules, which constitutes an abnormal fluctuation in stock trading.

According to DaZhiHui VIP, as of the close on April 3rd, COSCO SHIPPING closed at 20.39 yuan per share, up 4.73%, with a daily turnover rate of 2.63%, a fluctuation range of 6.47%, and a total daily transaction volume of 4.3 billion yuan.

From April 1st to 3rd, the stock prices of COSCO SHIPPING increased by 10.02%, 8.17%, and 4.73%, respectively, with a total increase of 24.63% over the three trading days. Over the past five trading days, the cumulative increase was 19.24%, and over the past 30 trading days, the cumulative increase was 54.24%.

COSCO SHIPPING’s announcement shows that, based on the closing price on April 3rd, the company’s TTM (trailing twelve months) P/E ratio is 27.39 times, with a historical percentile of 62.50; its price-to-book ratio is 3.83, with a historical percentile of 91.10; and its total market value has reached 164.6 billion yuan, setting a new record high.

Regarding the abnormal movement of the company’s stock price, COSCO SHIPPING stated in the announcement: “After self-inspection and written inquiries with the company’s controlling shareholders and actual controllers, aside from the matters already disclosed, as of the date of this announcement, the company, controlling shareholders, and actual controllers have no other information that should be disclosed but has not been disclosed.”

“The company’s production and operation have been basically normal recently. Recently, the Middle East situation has led to the suspension of the company’s oil tanker fleet and other ships from entering and leaving the Persian Gulf.” COSCO SHIPPING further pointed out, “The company expects that freight rates in the relevant shipping markets will continue to face significant fluctuations, with many uncertainties in the trend of freight rates, and the risks are temporarily difficult to predict accurately.”

COSCO SHIPPING reminds investors that the rapid short-term increase in valuation may already imply market optimism about the company’s sustained growth in performance and asset value. It advises small and medium investors to be cautious of risks, make independent decisions, and invest rationally. “The shipping market, stock market, and related sector stock prices may continue to fluctuate sharply, and the company’s stock price and trading volume may continue to face significant volatility risks in the future.”

Wind’s Dragon and Tiger List data shows that between April 1st and 3rd, the top trading departments had a total transaction volume of 3.72B yuan, with buy-in amounts of 1.98B yuan and sell amounts of 1.74B yuan, resulting in a net buy of 247 million yuan.

In terms of buying, the Shanghai-Hong Kong Stock Connect, Guotai Haitong Securities, respectively bought 716 million yuan and 406 million yuan. Goldman Sachs (China) Securities Shanghai Pudong New Area Century Avenue Securities Department, UBS Securities Shanghai Huayuan Shiqiao Road Securities Department, and Orient Securities Xiamen Xianyue Road Securities Department bought 307 million yuan, 300 million yuan, and 256 million yuan, respectively.

In terms of net buying, Goldman Sachs (China) Securities Shanghai Pudong New Area Century Avenue Securities Department, Orient Securities Xiamen Xianyue Road Securities Department, and Guotai Haitong Securities ranked the top three, with net purchases exceeding 100 million yuan, at 307 million yuan, 256 million yuan, and 153 million yuan, respectively.

On the sell side, the Shanghai-Hong Kong Stock Connect and UBS Securities Shanghai Huayuan Shiqiao Road Securities Department sold 692 million yuan and 306 million yuan, respectively. Guotai Haitong Securities headquarters, institutional clients, and Aijian Securities Shanghai Pudong New Area Qiantan Avenue Securities Department sold 252 million yuan, 249 million yuan, and 238 million yuan, respectively.

In terms of net selling, institutional clients and Aijian Securities Shanghai Pudong New Area Qiantan Avenue Securities Department each sold over 200 million yuan, with net sales of 249 million yuan and 238 million yuan, respectively.

According to official data, COSCO SHIPPING Holdings Co., Ltd. (COSCO SHIPPING) owns a world-class fleet of ultra-large oil tankers (VLCC) and ultra-large ore carriers (VLOC), leading domestic liquefied natural gas (LNG) fleet and roll-on/roll-off (RORO) fleet, as well as a top-tier container fleet in the Asia-Pacific region, with a capacity ranking among the top non-financial shipping companies globally.

COSCO SHIPPING was listed on the Shanghai Stock Exchange in December 2006. The company’s main business covers oil transportation, gas transportation, bulk cargo transportation, RORO transportation, and container transportation, aiming to build a new shipping business pattern with a comprehensive “oil, gas, bulk, and container” network.

The company currently operates and manages over 350 ships, with a capacity scale among the top worldwide, including a globally leading VLCC and VLOC fleet, a globally advanced LNG vessel fleet, a domestically leading RORO fleet capable of transporting over one million vehicles annually, and a container fleet with a service network covering China’s coast and major ports in the Asia-Pacific region.