Report
Jennifer Song
EUR 147.86 For Business Accounts Only

Weakness at SIPG’s Port Business, but Improvement Seen on Sequential Basis

Shanghai International Port Group’s, or SIPG’s, first-half 2016 result was slightly below our expectation, with net profit declining 6% to CNY 2.9 billion, making up 44% of our full-year forecast. The weak results show signs of sluggish manufacturing in China and soft global trade demand, along with competition from nearby port terminals, all of which are adding pressure to handling rates. Nonetheless, we see a sequential improvement in the second quarter, with container volume flat year over ye...
Underlying
Shanghai International Port (Group) Co. Ltd. Class A

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.

Provider
Morningstar
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.

Analysts
Jennifer Song

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