Dongfeng Motor and COSCO SHP SG Sign Strategic Cooperation Agreement

On May 13, Geelong News reported that Dongfeng Motor Corporation and COSCO SHP SG signed a new round of strategic cooperation agreement in Wuhan. According to the agreement, the two parties will focus on key areas such as overseas logistics and unmanned container trucks at ports, deepen multi-field strategic cooperation, and establish a deeply collaborative partnership.

Gelonghui Finance20:08

COSCO SHIPPING Ports Issues Supplemental AGM Notice on Director Re-elections

TipRanksMay 6 19:15

HSBC Upgrades Cosco Shipping Ports to Hold From Reduce; Price Target Is HK$5.40

MT NewswiresApr 30 18:00 · Ratings

CMB Research upgraded COSCO SHP SG's (01199.HK) rating to "Hold", maintaining the target price at HKD 5.4.

HSBC Research issued a report stating that COSCO SHP SG (01199.HK) recorded a 2% year-on-year growth in recurring profits for the first quarter, primarily driven by robust contributions from its associates/joint ventures and offsetting losses from new operations in Peru with gains from its China business. Additionally, due to portfolio diversification, HSBC believes the impact of Middle East conflicts on the company will be limited. COSCO SHP SG remains optimistic about throughput growth outside the trans-Pacific routes. The brokerage maintains its target price for COSCO SHP SG at HKD 5.4, with profit forecasts for 2026-28 largely unchanged. The rating has been upgraded from 'Underweight' to 'Hold,' as the firm expects the dividend yield of approximately 5% will provide support.

AASTOCKSApr 30 16:46

HKEX Announcements Highlights | PetroChina posts over 48 billion yuan in Q1 net profit; New China Life Insurance's Q1 revenue drops approximately 30% year-on-year.

① PetroChina's net profit in the first quarter exceeded 48 billion yuan. How fast was the growth? ② New China Life Insurance's revenue in the first quarter dropped by approximately 30% year-on-year. What was its profitability like?

cls.cnApr 29 20:16

COSCO Shipping Ports' Profit Climbs 2% in Q1

MT NewswiresApr 29 19:58