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<Research>Citi Slightly Cuts COSCO SHIP PORT (01199.HK) TP to $6.1, Rates Buy
Recommend 2 Positive 4 Negative 7 |
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In a research report, Citi Research dropped its revenue and core profit forecasts on COSCO SHIP PORT (01199.HK) for FY24-FY25 by an average of about 5% and 9% respectively, reflecting the company's slower throughput growth. In addition, the broker's revised profit forecast for the company for FY24-FY26 is flat to 3% higher than the market's consensus expectations. Citi trimmed its target price on COSCO SHIP PORT from $6.12 to $6.1 and maintained its Buy rating. AAStocks Financial News |
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