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COSCO SHIP HOLD (01919.HK) Soars ~8% w/ Last Qtr NP Up 2.9x
COSCO SHIP HOLD (01919.HK) opened rallying 1.56% today (1st), peaking at $12.6 with a surge of 9.2%. It last printed at $12.44, up 7.8%, on a volume of 58.3626 million shares and a...
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COSCO SHIP HOLD (01919.HK) Soars ~8% w/ Last Qtr NP Up 2.9x
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STOCK INFO

COSCO SHIP HOLD (01919.HK)  -0.020 (-0.175%)    Short selling $6.61M; Ratio 5.511%   opened rallying 1.56% today (1st), peaking at $12.6 with a surge of 9.2%. It last printed at $12.44, up 7.8%, on a volume of 58.3626 million shares and a turnover of $718 million.

COSCO SHIP HOLD's 3Q net profit rose 2.86 times to RMB21.254 billion, with revenue up 72% YoY to RMB73.513 billion. Although COSCO SHIP HOLD's 3Q profits were strong, Morgan Stanley kept an Underweight rating on the company with a TP of $8.5, predicting the shipping industry's downturn cycle to persist in both 2024 and 2025.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-04 16:25.)

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