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Dahua Jianxian: Downgrades cosco shipping holdings rating to hold with a target price of 13.28 Hong Kong dollars
Dahua Jixian published a research report stating that the profit forecast for cosco shipping holdings (01919) in the 2025 fiscal year has been raised by 36% to reflect the higher overall average marine transportation freight rates in 2025 and the high operating leverage of shipping companies. The firm prefers Orient Overseas (00316) and maintains its "buy" rating with a target price of HK$130, but downgrades cosco shipping holdings to "hold" with a target price of HK$13.28. Dahua Jixian pointed out that the latest economic indicators show a weakening global trade outlook, with the sub-index of new export orders further slipping into contraction territory. Due to the escalation of tensions in the Middle East, marine transportation freight futures prices have rebounded in recent days.
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[Brokerage Focus] Goldman Sachs raises target price of COSCO Shipping Holdings (01919) by 35.44%, expecting shipping companies to benefit from high freight rates during supply chain disruptions.
Goldman Sachs released a research report, upgrading cosco shipping holdings (01919) investment rating from 'sell' to 'neutral'. Due to the intensification of geopolitical tensions in recent years, the complexity of the shipping supply chain has increased, including some shipping routes becoming longer, which may benefit some Chinese shipping companies, including cosco shipping holdings, from the high freight rates during supply chain interruptions, driving expectations of higher return on investment and providing support for price-to-book ratio valuation. The bank continued to point out that cosco shipping holdings management revealed that due to the work stoppage at ports on the US East Coast, an early new peak in shipping before potential tariff hikes, and the next lunar year.
Asian Shipping Stocks Fall After U.S. Port Workers Suspend Strike
Goldman Sachs: Upgraded the rating of Cosco Shipping Holdings (01919) to "Neutral", and raised the target price to 10.7 yuan.
Goldman Sachs pointed out that the management of cosco shipping holdings revealed that the recent peak shipping season, which was brought forward due to the labor disputes at ports on the East Coast of the usa, the potential tariff increase, and the earlier Chinese New Year next year, have all contributed to the rebound in spot freight rates.
HK stock anomaly | Marine transportation stocks plunged against the market trend, with cosco shipping holdings (01919) falling more than 10% intraday. A large-scale strike at USA ports has reached a temporary agreement.
Marine transportation stocks fell against the market, as of the deadline, sitc (01308) fell by 8.86%, closing at HK$20.05; cosco shipping holdings (01919) fell by 7.31%, closing at HK$12.18; ooil (00316) fell by 6.74%, closing at HK$106.5.