GO
| HSI1 | 19,553.61 | +177.08 | 179.30B |
| HSCEI1 | 6,934.70 | +63.32 | 77.11B |
| Back Zoom + Zoom - Block Traded | |
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2024-05-03 10:25:58 Goldman Sachs noted in a research report that COSCO SHIP HOLD (01919.HK) reported a net profit of RMB6.8 billion in 1Q24, a significant improvement from RMB1.8 billion in 4Q23, but still slightly lower than the RMB7.1 billion reported in 1Q23. Nevertheless, the amount is in line with consensus expectations and the management's guidance of basically flat earnings. Looking ahead, the broker saw upside risks to freight rates in 2Q24, as some western Mediterranean ports are already congested, while India and Latin America may become new demand drivers. The broker updated its latest liner shipping volume and shipping rate assumptions, and adjusted its net profit forecast for the company by down 8% to up 13% higher for 2024-26. Goldman slightly raised its target price for COSCO SHIP HOLD H-shares to $6.9, left its target price for the company's A-shares unchanged at RMB8.9, and rated the company Sell. ~ AAStocks Financial News Web Site: www.aastocks.com | |