Citigroup upgrades COSCO SHIP PORT (01199.HK) core earnings forecast, rating 'Buy', Target Price lowered to 5 yuan.

Citi has released a Research Report, raising the core profit forecast for COSCO SHIP PORT (01199.HK) for the fiscal years 2025 to 2026 by 2% to 5%, with the revised profit forecast for the fiscal year 2025 exceeding market consensus by 4%. The firm maintains a "Buy" rating on COSCO SHIP PORT, lowering the Target Price from 5.9 yuan to 5 yuan, mainly due to their reduction of long-term EBITDA forecasts from 2025 to 2040 by 1% and an average increase of 9% in capital expenditure.

AASTOCKSMay 6 15:11

Major bank rating丨Goldman Sachs: Downgraded the Target Price of COSCO SHIP PORT to HKD 5.3, with first quarter earnings exceeding expectations.

On May 6, Glory Financial reported that Goldman Sachs published a research report indicating that COSCO SHIP PORT (1199.HK) experienced a 33% year-on-year increase in Net income for the first quarter, although it dropped 4% quarter-on-quarter, performing better than expected, mainly due to the group's overseas performance. The firm raised the group's European port throughput forecast and increased its Net income prediction for 2025 to 2027 by 1% to 2%. After adjusting the Market Cap of the listed Assets, the Target Price was lowered from 5.4 HKD to 5.3 HKD, maintaining a Buy rating.

Gelonghui FinanceMay 6 14:04 · Ratings

COSCO SHIPPING Lines Establishes New Company in Saudi Arabia

COSCO SHIPPING InternationalMay 6 12:00

Express News | COSCO SHP SG has established a new company in Saudi Arabia.

BreakingsMay 3 14:28

HSBC Research indicates that COSCO SHIP PORT (01199.HK) is under pressure in profitability but has an attractive valuation.

The report by HSBC Research indicates that COSCO SHIP PORT (01199.HK) had stable performance in the first quarter, benefiting from a strong recovery in overseas ports, with EBIT profit expanding by 2.3 percentage points year-on-year to 16.6%. The firm noted that escalating trade tensions are impacting growth in freight volumes, putting pressure on profitability, and has maintained a "Hold" rating for the company, while lowering the Target Price from 5 yuan to 4.5 yuan. The firm has revised down the throughput growth forecast for this year to 2027 by 1 to 1.7 percentage points, with the company's freight volume expected to grow by 2% year-on-year during the current period, and has lowered the net profit forecast by 2%, expecting the payout ratio to remain at 40%, corresponding to a dividend yield of about 7%.

AASTOCKSApr 30 14:23

COSCO SHIPPING Donated Fishing Boats and More in Guinea

COSCO SHIPPING InternationalApr 30 12:00