CMB.TECH did not disclose any quantitative outlook for the rest of 2025 in its Q2 2025 business‑update. The release simply warned investors that full Q2 numbers – and any forward‑looking guidance – will be provided when the earnings are officially published on 28 August 2025, shortly before the market opens. The only forward‑looking element in the statement is a reminder that the company is “close to completing the contemplated stock‑for‑stock merger with Golden Ocean Group Limited,” implying that management expects the transaction to close before year‑end and that post‑merger synergies will begin to materialise in the second half of 2025.
Trading implications
- Pre‑earnings positioning: With guidance still pending, the stock is likely to remain range‑bound until the 28 August earnings release. Traders can consider a short‑term straddle (e.g., buying ATM call and put spreads) to capture any post‑release volatility while limiting downside.
- Merger catalyst: The pending merger is the primary catalyst. If the deal is confirmed to close in Q4 2025, the combined entity’s larger fleet and diversified charter mix should support higher revenue CAGR and EBITDA margins. Look for a bullish break above recent resistance (~ $X.XX) on news of a definitive closing date, and be ready to add to longs on a clean‑up rally. Conversely, any delay or regulatory hurdle could trigger a short‑term corrective move, offering a potential short‑term selling opportunity.
In short, until the full Q2 results and formal 2025 outlook are released, the safest play is to stay neutral, manage risk around the earnings date, and keep a close eye on any concrete merger‑closing updates that could reshape the company’s forward trajectory for the remainder of the year.