01199 COSCO SHIP PORT
- 4.820
- +0.080+1.69%
COSCO SHIP PORT News
[Broker Focus] Goldman Sachs slightly raised COSCO SHIPPING Port (01199) target price by 1.5%, indicating that net profit for the first quarter was basically in line with expectations
Jinwu Financial News | Goldman Sachs Research Report said that COSCO SHIPPING Port (01199)'s net profit for the first quarter of this year was US$62.9 million, an increase of 1% over the previous year, which is basically in line with this forecast. Total throughput in the first quarter increased 10% year over year, exceeding 6% of China's total throughput. Management attributed this to overseas demand bottoming out and entering the replenishment cycle. However, the average unit sales price (ASP) of the port fell by about 10% in US dollars due to the lower average selling price of domestic containers and the depreciation of the RMB by about 5% in the first quarter. According to the bank, the gross margin of the Chinese subsidiary port fell 0.3 percentage points, mainly due to planned depreciation costs in Wuhan
Major Bank Ratings | Bank of America: Raising COSCO SHIPPING Port Target Price to HK$11 for “Buy”
Bank of America Securities published a research report stating that COSCO SHIPPING's net profit performance for the first quarter of the 2024 fiscal year was basically in line with the bank's forecast. However, international freight rates increased by 4% quarterly and decreased by 3% year-on-year during the same period; as for the same period, domestic freight rates fell 6% year-on-year. The bank said the above rate performance was disappointing. The bank also indicated that the company's ship leasing and liquefied natural gas business revenue was ahead of the bank's expectations, but the company's 15% effective tax rate for the first quarter of this year was lower than expected. Bank of America Securities quoted COSCO SHIPPING port management as saying that due to sluggish supply and increased exports from non-OPEC countries, the fundamentals of crude oil tankers are expected to improve
COSCO SHIPPING Ports (01199.HK): Revenue increased 1.4% year-on-year to US$333 million in the first three months
Gelonghui, April 26, 丨 COSCO SHIPPING PORT (01199.HK) issued an announcement. In the three months ended March 31, 2024, total throughput increased 9.8% year on year to 33.262,200 TEU; equity throughput increased 9.3% year on year to 10.5073 million TEU; total throughput of holding terminal companies increased 11.5% year over year to 7.423 million TEU; total throughput of non-controlled terminal companies increased 9.3% year on year to 25.8391 million TEU; the company's revenue increased 1.4% year on year to US$333 million; the company's equity holders Profit attributable increased by 0 year over year.
Cosco Shipping Ports 1Q Rev $332.7M Vs. $328.0M >1199.HK
Cosco Shipping Ports 1Q Rev $332.7M Vs. $328.0M >1199.HK
中遠海運港口：截至2024年3月31日止3個月的財務及業務情況
Changes in Hong Kong stocks | COSCO SHIPPING Ports (01199) fell more than 3%, Citigroup indicated that its throughput growth was slowing down and revenue and core profit forecasts were lowered
COSCO SHIPPING Ports (01199) fell by more than 3%. As of press release, it was down 3.38% to HK$4.58, with a turnover of HK$9.861 million.
COSCO SHIPPING Ports Limited's (HKG:1199) Intrinsic Value Is Potentially 31% Above Its Share Price
Key Insights COSCO SHIPPING Ports' estimated fair value is HK$5.91 based on 2 Stage Free Cash Flow to Equity Current share price of HK$4.53 suggests COSCO SHIPPING Ports is potentially 23% undervalu
中遠海運港口：2023年年報
COSCO SHIPPING Ports (01199.HK) plans to hold a board meeting on April 26 to approve quarterly results
Gelonghui, April 12, 丨 COSCO SHIPPING PORT (01199.HK) announced that the company will hold a board meeting on the 49th floor of COSCO Tower, 183 Queen's Road Central, Hong Kong on April 26, 2024 (Friday). At the meeting, the board of directors will pass a bill (including) approving the unaudited results of the company and its subsidiaries for the three months ended March 31, 2024.
COSCO SHIPPING Ports Limited's (HKG:1199) Prospects Need A Boost To Lift Shares
When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") above 10x, you may consider COSCO SHIPPING Ports Limited (HKG:1199) as an attractive investment with its 6.6x P
COSCO SHIP PORT To Go Ex-Dividend On April 15th, 2024 With 0.155 HKD Dividend Per Share
March 31st - $COSCO SHIP PORT(01199.HK)$ is trading ex-dividend on April 15th, 2024. Shareholders of record on April 16th, 2024 will receive 0.155 HKD dividend per share on June 19th, 2024. The ex
COSCO Shipping Ports' Profit Rises 5.8% in 2023
COSCO Shipping Ports (HKG:1199) booked a profit attributable to shareholders of $324.6 million for 2023, up 5.8% from $306.6 million a year ago, according to the Thursday Hong Kong bourse disclosure.
COSCO Marine Controls (601919.SH) Announces 2023 Annual Results Low Price Fluctuations, Net Profit Plummets 78.25% to RMB 23.86 Billion
COSCO Marine Control (601919.SH) disclosed its 2023 annual report. The group achieved operating income of 17 during the reporting period...
COSCO SHIPPING Ports (01199) will distribute the second interim dividend of 2023 HK$0.155 per share on June 19
According to the Zhitong Finance App, COSCO SHIPPING Ports (01199) announced that the company will pay the second interim dividend of HK$0.155 per share in 2023 on June 19, 2024.
Cosco Shipping Ports Total Throughput Up 4.4% to 135.8M TEUs >1199.HK
Cosco Shipping Ports Total Throughput Up 4.4% to 135.8M TEUs >1199.HK
Cosco Shipping Ports: Will Continue to Strengthen Globalization Strategy >1199.HK
Cosco Shipping Ports: Will Continue to Strengthen Globalization Strategy >1199.HK
Cosco Shipping Ports 2023 Rev $1.45B Vs. $1.44B >1199.HK
Cosco Shipping Ports 2023 Rev $1.45B Vs. $1.44B >1199.HK
COSCO SHIP PORT: ANNUAL RESULTS ANNOUNCEMENT FOR 2023
Investors Five-year Losses Continue as COSCO SHIPPING Ports (HKG:1199) Dips a Further 3.5% This Week, Earnings Continue to Decline
The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results between individual stocks. So we wouldn't blame long term COSCO SHIPPING Ports L
COSCO SHIPPING Ports (01199.HK) held a board meeting on March 28 to approve annual results
GLONGHUI March 14 | COSCO SHIPPING PORT (01199.HK) announced that the company will hold a board meeting on March 28, 2024 (Thursday) on the 49th floor of COSCO Tower, 183 Queen's Road Central, Hong Kong. At the meeting, the board of directors will pass a motion (including) approving the annual results and announcements of the company and its subsidiaries for the year ended December 31, 2023, and consider paying dividends.
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