Goldman Sachs: “Buy” Rating Target Price Raised to HK$6.6 for COSCO SHIPPING Ports (01199)
The Zhitong Finance App learned that Goldman Sachs released a research report stating that it gave COSCO SHIPPING Port (01199) a “buy” rating, and the target price was raised from HK$6.5 to HK$6.6. According to the report, the company's net profit for the first quarter rose 1% year on year to US$62.9 million, which is roughly in line with expectations, while the bank originally expected the company to grow by only 2% for the whole year. During the period, the Group's total throughput increased by 10% year on year, exceeding the 6% increase in China's throughput. Management believes this is due to overseas demand bottoming out and entering the inventory replenishment cycle. Furthermore, the bank believes that the COSCO shipping port was affected by the Red Sea incident, which led to Piraeus, Greece
Hong Kong Stock Afternoon Review | The Hang Seng Index rose slightly by 0.19%, home appliance stocks and coal stocks strengthened, Haier Smart Home rose more than 8%, and Yankuang Energy rose more than 5%
The trend of science and network stocks was divided. Baidu rose nearly 2%, JD fell nearly 2%; shipping stocks rose more than 6%; COSCO Marine Holdings rose more than 6%, and Orient Overseas International rose nearly 5%.
COSCO SHIPPING Ports (01199.HK): Revenue increased 1.4% year-on-year to US$333 million in the first three months
Gelonghui, April 26, 丨 COSCO SHIPPING PORT (01199.HK) issued an announcement. In the three months ended March 31, 2024, total throughput increased 9.8% year on year to 33.262,200 TEU; equity throughput increased 9.3% year on year to 10.5073 million TEU; total throughput of holding terminal companies increased 11.5% year over year to 7.423 million TEU; total throughput of non-controlled terminal companies increased 9.3% year on year to 25.8391 million TEU; the company's revenue increased 1.4% year on year to US$333 million; the company's equity holders Profit attributable increased by 0 year over year.
Cosco Shipping Ports 1Q Rev $332.7M Vs. $328.0M >1199.HK
Cosco Shipping Ports 1Q Rev $332.7M Vs. $328.0M >1199.HK
中遠海運港口:截至2024年3月31日止3個月的財務及業務情況
Changes in Hong Kong stocks | COSCO SHIPPING Ports (01199) fell more than 3%, Citigroup indicated that its throughput growth was slowing down and revenue and core profit forecasts were lowered
COSCO SHIPPING Ports (01199) fell by more than 3%. As of press release, it was down 3.38% to HK$4.58, with a turnover of HK$9.861 million.
Express News | COSCO SHIPPING Port Abu Dhabi Station and Xiamen International Trade Sign Overseas Warehouse Strategic Cooperation Agreement
The situation in the Middle East has once again become the focus of the market. Pacific Shipping surged more than 9% to lead the sector
① What is the current state of the conflict between Israel and Iran? ② What is the reason for the surge in Pacific Shipping?
中遠海運港口:2023年年報
COSCO SHIPPING Ports (01199.HK) plans to hold a board meeting on April 26 to approve quarterly results
Gelonghui, April 12, 丨 COSCO SHIPPING PORT (01199.HK) announced that the company will hold a board meeting on the 49th floor of COSCO Tower, 183 Queen's Road Central, Hong Kong on April 26, 2024 (Friday). At the meeting, the board of directors will pass a bill (including) approving the unaudited results of the company and its subsidiaries for the three months ended March 31, 2024.
Bank Rating | Goldman Sachs: Raised COSCO SHIPPING Port Target Price to HK$6.5, Lowered China Merchants Port Target Price to HK$11.6
Glonghui, April 7 | Goldman Sachs published a research report saying that COSCO SHIPPING's profit performance last year exceeded expectations, mainly due to a one-time return of tax provisions, and the recurring profit performance during the year was in line with expectations. However, due to the decline in the contribution of affiliated ports, China Merchants Port's profit performance in 2023 fell short of expectations. The bank pointed out that at present, the compound annual growth rate of port throughput is expected to be 3% from 2024 to 2026. COSCO SHIPPING port management expects domestic and overseas port throughput to increase by 3% to 4% and 2%, while China Merchants Port Management expects the freight rate performance to remain flat this year, while overseas port contract transfers will remain at 3%
Express News | A number of shipping companies raised sea freight rates: up to 2,000 US dollars
Express News | Peru plans to cancel COSCO SHIPPING's Qiankai Port project franchise. The National Industrial Association of Peru warns that it may affect the country's image and investment
COSCO SHIP PORT To Go Ex-Dividend On April 15th, 2024 With 0.155 HKD Dividend Per Share
March 31st - $COSCO SHIP PORT(01199.HK)$ is trading ex-dividend on April 15th, 2024. Shareholders of record on April 16th, 2024 will receive 0.155 HKD dividend per share on June 19th, 2024. The ex
COSCO Shipping Ports' Profit Rises 5.8% in 2023
COSCO Shipping Ports (HKG:1199) booked a profit attributable to shareholders of $324.6 million for 2023, up 5.8% from $306.6 million a year ago, according to the Thursday Hong Kong bourse disclosure.
COSCO Marine Controls (601919.SH) Announces 2023 Annual Results Low Price Fluctuations, Net Profit Plummets 78.25% to RMB 23.86 Billion
COSCO Marine Control (601919.SH) disclosed its 2023 annual report. The group achieved operating income of 17 during the reporting period...
COSCO SHIPPING Ports (01199) will distribute the second interim dividend of 2023 HK$0.155 per share on June 19
According to the Zhitong Finance App, COSCO SHIPPING Ports (01199) announced that the company will pay the second interim dividend of HK$0.155 per share in 2023 on June 19, 2024.
Cosco Shipping Ports Total Throughput Up 4.4% to 135.8M TEUs >1199.HK
Cosco Shipping Ports Total Throughput Up 4.4% to 135.8M TEUs >1199.HK
Cosco Shipping Ports: Will Continue to Strengthen Globalization Strategy >1199.HK
Cosco Shipping Ports: Will Continue to Strengthen Globalization Strategy >1199.HK
Cosco Shipping Ports 2023 Rev $1.45B Vs. $1.44B >1199.HK
Cosco Shipping Ports 2023 Rev $1.45B Vs. $1.44B >1199.HK
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