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Citi has downgraded the rating of COSCO SHIPPING Holdings Co Ltd (00517) to "sell" with a target price of HKD 8.81.
Citigroup estimates that the average core stock return on equity (ROE) for three Asia-Pacific container shipping companies within its coverage area is 5%, and will decline from 13% in 2024 to 1% in 2026.
Guolian Securities: Marine transportation costs have risen sharply from the beginning of the year to now. Enterprises with a high FOB proportion are worth paying attention to.
Since 2024, marine transportation fees have increased significantly, and as a result, the market is more concerned about the short-term profit performance of export companies.
Guolian Securities: How much impact will the significant increase in marine transportation fees have on export categories?
Guolian Securities believes that companies with a higher proportion of FOB, a larger proportion of production capacity transferred overseas, and a higher unit volume value are less affected by the rise in freight rates.
Cosco Shipping Appoints Chairman
Hong Kong stock market anomaly | Cosco Shipping Intl (00517) up nearly 5%, plans to liquidate and close Cosco Kansai (Tianjin).
Cosco Shipping International (00517) rose nearly 5%, as of press time, rose 4.83%, reported 14.30 Hong Kong dollars, with a turnover of 92,004,300 Hong Kong dollars.
COSCO SHIPPING International (00517.HK) plans to liquidate COSCO West Kansai (Tianjin).
On June 28, COSCO Ship Intl. (00517.HK) announced that it is a shareholder of its non-wholly-owned subsidiary, COSCO Kansai Paint & Chemical (Tianjin) Co., Ltd. ("COSCO Kansai (Tianjin)"). The company, along with the other shareholders, has established a liquidation team through a resolution passed on June 28, 2024, to voluntarily liquidate COSCO Kansai (Tianjin) in accordance with applicable laws and regulations of China. COSCO Kansai (Tianjin), a limited liability company established in China, is mainly engaged in the production and sale of coatings. As of the date of this announcement, the company owns 63.07% of COSCO Kansai (Tianjin).
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Xunting Wu : COSCO Offshore Holdings is currently HK$12.54. Why is the target price 7.6?