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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

中遠航運面臨前所未有的貨運需求上調運費--市場對話
Dow Jones Newswires ·  2021/01/18 21:14

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

DJ Cosco Shipping面臨前所未有的貨運需求上調運費--市場談話

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-交銀國際稱，中遠海運第一季度盈利可能強勁，將該股目標價從5.85港元上調至13.48港元，買入評級不變.該經紀公司表示，史無前例的貨運需求支撐了該航運公司運費的上漲，而供應挑戰並未顯示出緩解的跡象。該公司的銷量應該會在今年上半年保持強勁增長，這要歸功於2020年上半年的低基數，以及部分補充庫存訂單推遲到農曆新年假期之後。中遠航運股價下滑6.6%，報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日美國東部時間21：14(格林尼治標準時間02：14)

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