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<Research>DBS Lifts COSCO SHIP HOLD (01919.HK) TP to $12.9, Maintains Cautious Stance
Recommend 14 Positive 19 Negative 7 |
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DBS Group Research issued a research report expecting COSCO SHIP HOLD (01919.HK)'s 2025 revenue/ net profit to fall by 8%/ 46% each as its average freight rates dropped by about 15%. While carrying capacity growth in Asia is supportive, potential tariff escalation and oversupply will still put pressure on profit, especially if all Red Sea routes are fully operational. DBS Group Research kept rating at Hold on COSCO SHIP HOLD, and lifted its target price from $10.6 to $12.9. The broker believed that sentiment may improve in the near term as trade tensions ease. However, DBS Group Research remained cautious on the Company as the tariff issue remains unresolved and the pressure on capacity will limit the share price hike. AAStocks Financial News Website: www.aastocks.com |
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