COSCO SHIPPING Ports (01199) fell by more than 3%. As of press release, it was down 3.58% to HK$5.12, with a turnover of HK$78.3412 million.
The Zhitong Finance App learned that COSCO SHIPPING Port (01199) fell by more than 3%. As of press release, it fell 3.58% to HK$5.12, with a turnover of HK$783.412 million.
According to the news, MSCI recently announced the results of the May 2024 index review. In this adjustment, COSCO SHIPPING Port was excluded from the MSCI China Index. The adjustment results will take effect after the market closes on May 31, 2024. Citigroup's previous research report indicated that COSCO SHIPPING's revenue and core profit forecasts for the 2024-2025 fiscal year will be reduced by an average of about 5% and 9%, respectively, to reflect the slowdown in the company's throughput growth.