Morningstar - COSCO SHIPPING Ports Limited (01199) Cosco Shipping Ports Reports in Line Third Quarter

Report

Morningstar

Jennifer Song

EUR 100.00 For Business Accounts Only

Cosco Shipping Ports Reports in Line Third Quarter

No-moat Cosco Shipping Ports posted in line third-quarter performance, with core profit rising 9% year over year to USD 74 million. Despite rising uncertainty in global trade activities, Cosco continued to see a decent 11% organic throughput volume growth in the third quarter, with benefits from strong parent support and the Ocean Alliance. This is well on track to meet our full-year target, and we maintain our full-year 2018 earnings forecast of USD 265 million and our fair value estimate of HK...

30/10/2018 11 EN

Underlying

COSCO SHIPPING Ports Limited

Cosco Shipping Ports is an investment holding company. Through its subsidiaries, Co. is principally engaged in the businesses of managing and operating terminals, container leasing, management and sale, and their related businesses. Co. is organized into the following operating segments: terminals and related businesses including terminal operations, container handling, transportation and storage; and container leasing, management, sale and related businesses.

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BMG2442N1048 Hong Kong Stock Exchange Bermuda

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Jennifer Song

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TheScreener

COSCO SHIPPING PORTS reduced its risk exposure resulting in an upgrade to Slightly Positive

COSCO SHIPPING PORTS (HK), a company active in the Marine Transportation industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as moderately risky. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date February 19, 2021, the closing price was HKD 5.70 and its potential was estimated at HKD 6.78.

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SmartInsider

Cosco Shipping Ports Limi: 2 directors bought/maiden bought

Two Directors at Cosco Shipping Ports Limi bought/maiden bought 706,000 shares at between 3.713HKD and 3.740HKD. The significance rating of the trade was 66/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is rest...

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Morningstar

Morningstar | CSP's 1Q Results Disappoint; Lowering FVE to HKD 9.30

We lower our fair value estimate for no-moat Cosco Shipping Ports to HKD 9.30 from HKD 9.80 following a disappointing first quarter that missed our expectations. We think the miss is largely attributable to lower-than-expected handling tariffs, due to an unfavorable throughput mix, with lower-valued transshipment volume outpacing overall throughput growth. Weâ€™re reducing our full-year tariff assumption to a 3% decline from the original forecast of a flat tariff. Accordingly, we lower our full-year 2019 net profit forecast by 12% to USD 320 million, which also incorporates the one-off disposa...

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Cosco Shipping Ports Reports in Line Third Quarter

COSCO SHIPPING PORTS reduced its risk exposure resulting in an upgrade to Slightly Positive

Cosco Shipping Ports Limi: 2 directors bought/maiden bought

Morningstar | CSP's 1Q Results Disappoint; Lowering FVE to HKD 9.30

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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