Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01199 COSCO SHIP PORT
RTNominal up3.950 +0.080 (+2.067%)
Others

03/09/2019 09:25

{I-bank focus}HSBC lowers Cosco Ship Ports (01199) to HK$9.2

[ET Net News Agency, 3 September 2019] HSBC Global Research cut its target price for
Cosco Shipping Ports (CSP)(01199) to HK$9.2 from HK$10 and maintained its "buy" rating.
The research house said CSP's 1H recurring profit declined by 2% to US$156m, with strong
performance by its key terminals such as Piraeus Port was offset by negative US$6m impact
from the adoption of IFRS 16 and start-up costs at new terminals such as Khalifa, Abu
Dhabi.
During the analyst briefing, CSP management guided high-single-digit growth for equity
throughput in 2019, despite the China-US trade tensions. CSP spoke about three key drivers
of its ROE recovery: synergies with parent shipping company and alliance, globalisation
(overseas expansion), and increasing contributions from subsidiaries.
HSBC trimmed its FY2019-21 earnings forecasts by 3-8% mainly to reflect lower volume and
ASP assumptions, offset to some extent by lower costs. (KL)

Remark: Real time quote last updated: 08/04/2020 14:53
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.