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HSBC Research Lifts COSCO SHIP HOLD (01919.HK) TP to $15.3, Upgrades Rating to Hold
2026-03-24 14:24:10
COSCO SHIP HOLD (01919.HK)'s 4Q25 results were largely in line with expectations, benefiting from strong demand on non-US routes, with freight volume growing by 5% YoY, offsetting the impact of weak US demand, HSBC Global Research issued a research report saying.

HSBC Global Research raised its 2026 earnings forecast for COSCO SHIP HOLD by 33% to reflect the strong performance of spot freight rates in the short term, and expected the Company's 2026-2028 earnings to gradually decline.

Therefore, the broker upgraded COSCO SHIP HOLD from Underweight to Hold, and lifted its target price for COSCO SHIP HOLD's H-shares from $11 to $15.3, equivalent to a predicted 2026 PE ratio of 0.82x.
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