Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> HSBC Research Upgrades COSCO SHIP PORT (01199.HK) to Hold, Maintains TP at HKD5.4
Recommend 2 Positive 2 Negative 0 |
||||
|
||||
|
HSBC Research issued a report stating that COSCO SHIP PORT (01199.HK) recorded a 2% YoY increase in recurring profit in the first quarter, mainly driven by strong contributions from associates and joint ventures, as well as China operations offsetting losses from its new Peru business. In addition, given its diversified portfolio, the broker believes the impact of the Middle East conflict on the company will be limited. COSCO SHIP PORT remains optimistic about throughput growth outside the trans-Pacific routes. The broker maintained its TP at HKD5.4 for COSCO SHIP PORT and left its earnings forecasts for 2026-2028 largely unchanged. The rating was upgraded from Reduce to Hold. It believes the companys dividend yield of 5% will help support its valuation. (sl/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
