HK Stocks in Focus | Rising Operational Risks at Middle East Energy Facilities; Shandong Molong (00568) Up Nearly 15%; Baiqin Oilfield Services (02178) Up Over 13%

LootboxPhobia · 2026-03-19T03:42:34+00:00

Due to escalating Middle East tensions and Israeli strikes on Iranian oil and gas facilities, energy stocks opened broadly higher, with Shandong Molong rising 14.91%. Analysts point out that Iran may retaliate against Gulf region energy facilities, increasing the risk of crude oil supply disruptions.

LootboxPhobia

2026-03-19 03:42:34

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As of press time, Shandong Molong (00568) rose 14.91% to HK$12.02, Baiqin Oil Service (02178) rose 13.46% to HK$0.295, Volkswagen Public Utilities (01635) rose 8.19% to HK$3.7, and Sinopec Oil Service (01033) rose 8.08% to HK$1.07.

On the news side, the situation in the Middle East escalated again yesterday, and Brent oil rose above $110 after hours. After Israel attacked Iran’s South Pars gas field, Iran retaliated by targeting the energy infrastructure of the three surrounding countries, and Qatar’s Ras Slavan LNG liquefaction plant was severely damaged. According to CCTV news, the reporter learned in the early morning of the 19th local time that Qatar’s Ras Slavan gas facility was hit by a missile again. Earlier in the day, Iranian news said that Iran had once again launched an attack on oil facilities “in Gulf countries where Iran’s enemies are stationed.”

Michael Brown, senior research strategist at forex research firm Pepperstone, pointed out that Israel’s attack on Iran’s oil and gas facilities seems to mean “Further escalation of the ongoing conflict”. He said this not only opens up a new battlefield, but also significantly increases the risk of Iran’s retaliatory strikes on energy facilities in the Gulf, which could significantly exacerbate the possibility of crude oil supply disruptions.

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