Recently, sectors related to maritime transport (shipping, oil transportation, shipbuilding) have all done well, and the level of prosperity is improving. Here is the main analysis $COMEC (00317.HK)$ $COSCO SHIP ENGY (01138.HK)$
$COMEC (00317.HK)$Early trading reached a new high in five months. The reason for this is because the company issued optimistic performance guidelines, and is expected to turn a sharp loss into a profit in the medium term. The institutional view that the expenditure reversal reflects the flexibility of the industry from high-priced orders to shipyards with high profits is beginning to materialize. In fact, in this cycle, the supply side of the shipbuilding industry will tighten for a long time. Misplaced supply-side reform dividends are continuing to be released. The industry's long-term profit center is expected to continue to rise, and leading companies are expected to continue to benefit
$COSCO SHIP ENGY (01138.HK)$ Oil transport stocks have been very strong recently. Yesterday they hit a new high during the year
Logic 1: shipping demand = (global consumption+inventory change) * shipping penetration rate* freight range+oil storage demand
Logic 2: The Russian-Ukrainian war led to an increase in transportation distances
Logic 3: There is a shortage of shipbuilding and insufficient supply of capacity
Logic 4: Under the energy crisis, inventories in European and American countries have been drastically reduced. Currently, after a round of falling international oil prices, there is sufficient sustainability in replenishing stocks