Jin10 data reported on May 6th that Goldman Sachs published a research report indicating that China COSCO Shipping Ports (01199.HK) had a net profit increase of 33% year-on-year in the first quarter, but a 4% fall quarter-on-quarter, outperforming expectations, mainly driven by the group’s overseas performance. The bank raised the group’s European port throughput forecast and also increased its net profit forecast for 2025 to 2027 by 1 to 2%. After adjusting the market capitalization of listed assets, the target price was lowered from HKD 5.4 to HKD 5.3, maintaining a buy rating.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Goldman Sachs lowered the target price for China Merchants Port to HKD 5.3, with first-quarter earnings exceeding expectations.
Jin10 data reported on May 6th that Goldman Sachs published a research report indicating that China COSCO Shipping Ports (01199.HK) had a net profit increase of 33% year-on-year in the first quarter, but a 4% fall quarter-on-quarter, outperforming expectations, mainly driven by the group’s overseas performance. The bank raised the group’s European port throughput forecast and also increased its net profit forecast for 2025 to 2027 by 1 to 2%. After adjusting the market capitalization of listed assets, the target price was lowered from HKD 5.4 to HKD 5.3, maintaining a buy rating.