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Cosco Shipping Faces Elevated Freight Rates on Unprecedented Cargo Demand -- Market Talk

Cosco Shipping Faces Elevated Freight Rates on Unprecedented Cargo Demand -- Market Talk

中远航运面临前所未有的货运需求上调运费--市场对话
Dow Jones Newswires ·  2021/01/18 21:14

DJ Cosco Shipping Faces Elevated Freight Rates on Unprecedented Cargo Demand -- Market Talk

DJ Cosco Shipping面临前所未有的货运需求上调运费--市场谈话

0214 GMT - Cosco Shipping's 1Q earnings may be strong, Bocom International says, raising the stock's target price to HK$13.48 from HK$5.85 with an unchanged buy rating. The shipping company's elevated freight rates are underpinned by unprecedented cargo demand, while supply challenges show no signs of easing, the brokerage says. The company's volumes should sustain firm growth in 1H, thanks to a low base in 1H 2020 and portions of restocking orders delayed till after the Lunar New Year holidays. Cosco Shipping shares slide 6.6% to HK$10.18. (ronnie.harui@wsj.com)

0214GMT-交银国际称,中远海运第一季度盈利可能强劲,将该股目标价从5.85港元上调至13.48港元,买入评级不变.该经纪公司表示,史无前例的货运需求支撑了该航运公司运费的上涨,而供应挑战并未显示出缓解的迹象。该公司的销量应该会在今年上半年保持强劲增长,这要归功于2020年上半年的低基数,以及部分补充库存订单推迟到农历新年假期之后。中远航运股价下滑6.6%,报10.18港元。(ronnie.harui@wsj.com)

(END) Dow Jones Newswires

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January 18, 2021 21:14 ET (02:14 GMT)

2021年1月18日美国东部时间21:14(格林尼治标准时间02:14)

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