Stock Performance: Air China saw a slight increase of 0.431%, while China Eastern Airlines and China Southern Airlines experienced minor declines. COSCO Ship Energy had a notable rise of 4.249%.

Short Selling Data: Air China had a short selling ratio of 12.263%, with significant short selling observed in COSCO Ship Energy at 22.876%.

Analyst Ratings: Analysts maintain a "Buy" rating for Air China, China Eastern Airlines, and China Southern Airlines, with target price adjustments reflecting potential growth.

Market Outlook: Morgan Stanley is optimistic about the airline and tanker sectors for 2026, while being cautious regarding container shipping, indicating a mixed outlook for the industry.

Goldman Sachs on Chinese Airlines: The firm projects increased international travel demand for Chinese airlines next year due to more countries offering visa-free access and a potential shortage of available seats, leading to higher ticket prices.

Positive Outlook on Airline Stocks: Goldman Sachs maintains a positive outlook on airline stocks, particularly highlighting AIR CHINA with a Buy rating, despite monitoring travel risks related to Japan.

Crude Oil Tanker Sector: The broker is optimistic about crude oil tanker companies, expecting spot freight rates to rise through 2026, and has given COSCO SHIP ENGY a Buy rating due to its strong position in the market.

Bearish on Container Shipping: In contrast, Goldman Sachs has a negative outlook on container shipping companies, citing an increase in new vessel orders that could lead to a prolonged downturn, rating COSCO SHIP HOLD as Sell.

Morgan Stanley's Rating: Morgan Stanley maintains an Overweight rating on COSCO SHIP ENGY (01138.HK) but has cut its target price from HKD13 to HKD12.

Market Outlook: Despite concerns over shipping disruptions, Morgan Stanley anticipates that crude oil tanker earnings will remain strong next year, recommending the purchase of COSCO SHIP ENGY at a lower price.

Industry Growth Projections: The report indicates that global tanker capacity and demand are expected to grow by 2.2% and 1% YoY respectively, with crude oil tanker demand projected to increase by 0.9% YoY against a supply increase of only 0.7%.

Supply and Demand Dynamics: The supply balance for crude oil tankers, especially very large crude carriers, is expected to remain tight, highlighting a more favorable market condition for tanker operators.

Aviation Sector Outlook: Goldman Sachs is optimistic about aviation stocks, particularly AIR CHINA and CEA, anticipating further increases in ticket prices despite potential risks in Japan during the first half of 2026.

Container Shipping Concerns: The bank has adopted a cautious stance on container shipping due to a recovery in supply, which may compress profit margins, and the potential reopening of the Red Sea could release about 10% of effective capacity, impacting COSCO SHIP HOLD.

Crude Oil Tanker Projections: Goldman Sachs expects spot freight rates for crude oil tankers to rise in 2026, driven by China's prolonged crude oil reserve process, with COSCO SHIP ENGY likely to benefit from this trend.

Investment Ratings: The report includes various investment ratings and target prices for several companies, with a general recommendation to buy for most aviation and shipping stocks, while COSCO SHIP HOLD is rated neutral to sell.