I read a news that the Ukraine war had caused a big disruption to shipping services. Many goods sent by ships had to go through a longer route. The demand for ships had caused freight rates to increase.

I looked at the financials of Cosco Shipping (1919.HK) and was surprised to see the PE ratio at a low level of 3.07. The profit in recent years had gone up sharply.

I decided to buy this stock at the current price of $13.62 HKD. 

Note - This is a personal view about my investment. I am not giving investment advice. 

Tan Kin Lian