SIPG’s Noncore Investment Drives First-Half Growth; Tariff Cut Pressures Port Earnings
Shanghai International Port Group's, or SIPG's, strong 32% growth in first-half net profit to CNY 3.2 billion was mostly boosted by a one-off revaluation gain of its investment in Postal Savings Bank, while recurring earnings remain largely flat, despite 4.6% year-over-year growth in container throughput. This is in line with our expectations, suggesting a 4.5% fall in average handling tariff following the National Development and Reform Commission's, or NDRC's, decision to cut port handling tar...Shanghai International Port (Group) Co., Ltd. is a China-based company principally engaged in port related businesses. The Company's main businesses include container business, bulk cargo business, port-related logistics and port services. The Company operates its businesses primarily in domestic market.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.