Report
Jennifer Song
EUR 101.80 For Business Accounts Only

High-quality and well-located assets support higher growth, while massive investment weighs on ROIC.

Cosco Shipping Ports' decent third-quarter results revealed an improved port operation, driven by strong throughput volume growth with benefits from the Ocean Alliance and a global trade recovery. The company’s net profit rose 53% year over year to $67 million in the third quarter on the back of 16.6% throughput volume growth from a year ago. This is in line with our expectation, and we maintain our earnings forecasts and our fair value estimate of HKD 9.60 per share. The shares appear fairly va...
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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