01919 COSCO SHIP HOLD
- 12.680
- +0.140+1.12%
COSCO SHIP HOLD News
Major Bank Ratings | Goldman Sachs: There is an upward risk of shipping rates in the second quarter, increasing the target prices of COSCO Marine Control and COSCO Marine Energy
Goldman Sachs published a report stating that there is a risk that shipping rates will rise in the second quarter due to blockages in some ports and the possibility of new demand from non-main routes. On the container side, the bank attributed the rise in freight rates to route diversions due to supply chain disruptions due to the Red Sea conflict, strong short-term demand in the US/European terminal market, urgent shipments/early orders before the peak season, and the growth of non-backbone routes driven by Chinese companies' export strategies. On the cruise side, the bank believes that in the face of long-term supply constraints, potential replenishment of low crude oil stocks may be a catalytic factor boosting freight rates. The bank predicts COSCO Offshore's profit forecast for 2024 to 2026
Profits are under pressure, and the shipping sector, which rose more than 35% in 20 trading days, is “two-sided”?
With a rise of more than 35% in the past 20 trading days, the Hong Kong stock shipping sector seems to have sounded the “king of cycles” again.
Freight rates have gone up like crazy! The peak season is approaching, and shipping stocks will continue to boom?
International shipping prices have been booming. Can the market still be expected in the future?
Zheshang Securities: What do you think of the recent counterintuitive rise in shipping prices?
Recently, shipping companies' price increases have been supported by many factors: supply chains are tight due to the protracted Red Sea conflict; the demand-side margins are improving; in addition, the US line has entered a critical period of signing contracts with the Changxie Association, and shipping companies are motivated to increase prices.
News: Hong Kong Stock Hang Seng Index stands at 19,000 points! The infrastructure, military, and shipping sectors registered the highest gains
On May 13, it was reported that the three major indices of Hong Kong stocks opened low and moved higher. As of press release, the Hang Seng Index had risen 0.4% to reach 19038.99 points. The Hang Seng Index rose 0.95%, and the state-owned enterprises index rose 0.33%. On the market, Technology Network stocks strengthened collectively, with Alibaba up more than 3%, Tencent up more than 2%, Meituan up more than 1%, and JD and Xiaomi followed; individual stocks of Pharmaceutical Ming generally moved higher and lower. At one point, Pharmaceutical Kangde rose nearly 15% and fell back to about 4%, and US pharmaceutical companies had contract exemptions or extended for 8 years; military stocks had the highest increase, with China Shipbuilding Defense rising more than 10%; high-speed rail infrastructure stocks collectively strengthened, CRRC rose more than 9%; Europe
Buy Rating on COSCO SHIPPING Holdings Amid Rising Freight Rates and Tight Capacity
Changes in Hong Kong stocks | Shipping stocks continue recent gains, liner companies push up freight rates, European freight futures, multi-contract prices reach new highs
Shipping stocks continued their recent gains. As of press release, COSCO Overseas International (00316) rose 6.95% to HK$138.5; COSCO Offshore (01919) rose 5.47% to HK$12.34; COSCO Haifa (02866) rose 4.21% to HK$0.99; and Haifeng International (01308) rose 3.74% to HK$19.98.
Hong Kong Stock Concept Tracking | Egypt's Suez Canal revenue fell by more than 36% year on year in April, institutions are optimistic about the tanker freight market driven market (with concept stocks)
According to local Egyptian media reports on the 9th, the revenue of the Suez Canal Authority fell to 575.1 million US dollars in April this year, a drop of more than 36% compared with 904.5 million US dollars in the same period last year. Due to the Red Sea shipping crisis and geopolitical tension, Maersk and many other shipping companies chose to avoid the Suez Canal Bypass to avoid attacks on Red Sea ships by the Houthis in Yemen. The agency's call conference believes that in the context of containers orbiting the Red Sea, the current rise in freight rates is driven by insufficient capacity fundamentals, not because shipping companies actively control capacity. The rise in container ship rents can be verified. Short-term demand has exceeded expectations and has not yet been fully overdrawn
COSCO SHIPPING Ports (01199.HK) was increased by 2.348 million shares by COSCO Maritime Control
Gelonghui, May 10 | According to the latest equity disclosure data from the Stock Exchange, on May 7, 2024, COSCO SHIPPING Port (01199.HK) was granted an increase of 2,348 million shares by COSCO Marine Holdings at an average price of HK$5.015 per share, involving approximately HK$11.775 million. After the increase in holdings, COSCO Offshore's latest shareholding was 2,425,545,793 shares, and the shareholding ratio increased from 67.99% to 68.06%.
COSCO SHIPPING Holdings Co., Ltd.'s (HKG:1919) Shares Bounce 32% But Its Business Still Trails The Market
COSCO SHIPPING Holdings Co., Ltd. (HKG:1919) shares have continued their recent momentum with a 32% gain in the last month alone. Looking further back, the 17% rise over the last twelve months isn'
COSCO Marine Holdings (01919) will pay a final dividend of $0.23 per share on June 28
COSCO Marine Holdings (01919) announced that the company will pay a final dividend of 0 per share on June 28, 2024...
Changes in Hong Kong stocks | Dongfang Overseas International (00316) rose nearly 4%, leading the way, shipping stock Maersk expects Q2 capacity to decrease by 20%, and the US Eastern Airlines freight index surged 31%
Shipping stocks continued their recent gains. As of press release, Orient Overseas International (00316) rose 3.87% to HK$120.7; Haifeng International (01308) rose 1.7% to HK$19.12; COSCO Marine Control (01919) rose 1.54% to HK$10.58; and Pacific Shipping (02343) rose 0.36% to HK$2.78.
Bank Rating | Goldman Sachs: Slightly raised the target price of COSCO Offshore Holdings H shares to HK$6.9 to give a “sell and sell” rating
According to a research report published by Goldman Sachs, COSCO Offshore's net profit for the first quarter was 6.8 billion yuan, a marked improvement from 1.8 billion yuan in the fourth quarter of 2023, but it is still slightly lower than 7.1 billion yuan in the same period last year, in line with market expectations and management's guidelines for profits to remain basically flat. Looking ahead, the bank believes that some ports in the western Mediterranean are already congested, while India and Latin America may become new drivers of demand, and there is a risk that freight rates will rise next quarter. The bank updated its latest liner shipping volume and freight rate assumptions, and lowered its net profit from 2024 to 2026 by 8% to a 13% increase, and slightly raised the company's H share target price to HK$6.9.
Bank of America Securities: Reiterates COSCO Maritime Holdings (01919) “Buy” Rating Target Price to HK$10.5
Bank of America Securities pointed out that in view of the recent increase in spot freight rates and the impossibility of resuming Red Sea navigation in the short term, COSCO Maritime Control (01919) profits are expected to remain strong for a longer period of time, and the valuation does not reflect the future.
Cosco Shipping Holdings 1Q Net CNY6.76B Vs. Net CNY7.13B >1919.HK
Cosco Shipping Holdings 1Q Net CNY6.76B Vs. Net CNY7.13B >1919.HK
[Hong Kong Stock Connect] COSCO Maritime Holdings (01919) profit of RMB 6.755 billion in the first quarter decreased by 5.23% year-on-year
Jinwu Financial News | COSCO Marine Holdings (01919) announced that in the first quarter of 2024, the company's net profit attributable to shareholders of listed companies was 6.755 billion yuan (RMB, same below), a year-on-year decrease of 5.23%; basic earnings per share were 0.42 yuan. In the same period, revenue of 48.27 billion yuan was recorded, an increase of 1.94% over the previous year.
COSCO Marine Holdings (01919.HK): Zhang Feng was appointed as Deputy General Manager and Authorized Representative
Gelonghui, April 29丨COSCO Marine Holdings (01919.HK) announced that Zhang Wei has submitted his resignation due to job changes and voluntarily resigned as executive director, member of the Board's Strategy Development Committee, deputy general manager, and authorized representative of the company under section 3.05 of the listing rules. The Board of Directors is pleased to announce the nomination and election of Zhang Feng as Executive Director. According to the company's articles of association, the appointment of Zhang Feng as an executive director is subject to shareholders' approval at the company's shareholders' meeting. Zhang Feng was appointed as (i) the company's deputy general manager; and (ii) the company's authorized representative under section 3.05 of the listing rules, effective from the date he became the company's executive director.
中遠海控：2024年第一季度報告
COSCO Marine Holdings (01919) nominated and elected Zhang Feng as Executive Director
COSCO Marine Control (01919) issued an announcement. Zhang Wei has submitted his resignation due to job changes and voluntarily resigns as an executive director...
CICC: Freight rates may remain high in the short term to improve the certainty of profits and dividends for shipping companies this year
Recently, freight rates have continued to rise due to continued detours in the Red Sea, increased demand for US routes, shipping companies' capacity control, and pre-May Day shipments.
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