On August 26, COSCO SHIP ENGY declined 3.3% in regular trading, trading at HK$15.76/share, with turnover of HK$18.56 million, extending the previous session's weakness.

On the news front, the Hong Kong Stock Exchange disclosed that Morgan Stanley recently reduced its holding in COSCO SHIP ENGY by approximately 475,500 shares at an average price of approximately HK$14.20 per share, lowering its stake to 7.98%. The stock had previously rallied over 21% from its August 11 low of HK$13.81 to HK$16.77 on August 21, creating significant short-term profit-taking pressure.

Additionally, the company is scheduled to hold a board meeting on August 28 to review and approve its interim results for the first half of the year, fostering a wait-and-see sentiment among market participants. While positive factors remain in place — including BlackRock's earlier increase to a 7.30% stake and a projected 141% year-over-year surge in first-half net profit to approximately RMB 4.5 billion — the Morgan Stanley reduction signal combined with pre-earnings positioning dynamics have weakened bullish momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)