Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BofAS Cuts TPs for OOIL/ COSCO SHIP HOLD, Trims Margin Forecast
Recommend 21 Positive 35 Negative 19 |
||||
|
||||
|
BofA Securities has issued a report lowering its EBIT margin forecast for this year's Asia-Pacific container shipping sector by 100 bps to reflect 1Q26 operating data and a milder-than-expected supply-demand tightness arising from the Middle East conflict. The broker maintains a broadly negative view on OOIL (00316.HK) and COSCO SHIP HOLD (01919.HK), with target prices cut for the former to HKD112 from HKD119 and for the latter to HKD12.5 from HKD13.5. Both have their ratings kept as Underperform. As SITC (01308.HK)'s focus on intra-Asia routes will provide relatively better buffers and earnings in 2026-27, BofA Securities has given the company a Neutral rating and a target price of HKD37. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
