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<Research>BofAS Cuts TPs for OOIL/ COSCO SHIP HOLD, Trims Margin Forecast
Recommend 16 Positive 21 Negative 9 |
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BofA Securities has issued a report lowering its EBIT margin forecast for this year's Asia-Pacific container shipping sector by 100 bps to reflect 1Q26 operating data and a milder-than-expected supply-demand tightness arising from the Middle East conflict. The broker maintains a broadly negative view on OOIL (00316.HK) and COSCO SHIP HOLD (01919.HK), with target prices cut for the former to HKD112 from HKD119 and for the latter to HKD12.5 from HKD13.5. Both have their ratings kept as Underperform. As SITC (01308.HK)'s focus on intra-Asia routes will provide relatively better buffers and earnings in 2026-27, BofA Securities has given the company a Neutral rating and a target price of HKD37. Auto-translated by AI AASTOCKS Financial News |
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