reports
COSCO SHIPPING PORTS reduced its risk exposure resulting in an upgrade...
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, ...
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 comp...
- Jennifer Song
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. We’re reducing our full-year tariff assumption to a 3% decline from the original forecast of a flat tariff. Accordingly, we lower our full-...
- Jennifer Song
Morningstar | CSP's 1Q Results Disappointing; Lowering FVE to HKD 9.30
Cosco Shipping Ports, or CSP, has became a pure port operator following a successful restructure in 2016, by swapping the challenging container-leasing business with relative resilient port assets. It is now the world's fifth-largest container terminal operator and investor, with a total annual handling capacity of approximately 104 million twenty-foot equivalent units, or TEUs. The company has been expanding its investments in container terminals in both China and overseas in recent years, driv...
- Jennifer Song
CSP's 1Q Results Disappointing; Lowering FVE to HKD 9.30
No-moat-rated COSCO Shipping Ports’ 2018 performance well exceeded our expectations with revenue jumping 57.6% year over year and recurring net profit up 42.9%. CSP benefited from increased visits from COSCO group and Ocean Alliance vessels, which we expect will be sustained, leading to an average 20% increase in our forecast profit for CSP. The bottom-line jump was helped by the first full year of contribution from Qingdao Port International and its Spanish terminals. As a result, we see CSP...
- Jennifer Song
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. We’re reducing our full-year tariff assumption to a 3% decline from the original forecast of a flat tariff. Accordingly, we lower our full-...
- Jennifer Song
Morningstar | 01199 Updated Star Rating from 01 Apr 2019
No-moat-rated COSCO Shipping Ports’ 2018 performance well exceeded our expectations with revenue jumping 57.6% year over year and recurring net profit up 42.9%. CSP benefited from increased visits from COSCO group and Ocean Alliance vessels, which we expect will be sustained, leading to an average 20% increase in our forecast profit for CSP. The bottom-line jump was helped by the first full year of contribution from Qingdao Port International and its Spanish terminals. As a result, we see CSP...
- Jennifer Song
Morningstar | COSCO Shipping Ports' 2018 Results Above Expectations; S...
No-moat-rated COSCO Shipping Ports’ 2018 performance well exceeded our expectations with revenue jumping 57.6% year over year and recurring net profit up 42.9%. CSP benefited from increased visits from COSCO group and Ocean Alliance vessels, which we expect will be sustained, leading to an average 20% increase in our forecast profit for CSP. The bottom-line jump was helped by the first full year of contribution from Qingdao Port International and its Spanish terminals. As a result, we see CSP...
- Jennifer Song
COSCO Shipping Ports' 2018 Results Above Expectations; Share Attractiv...
No-moat-rated COSCO Shipping Ports’ 2018 performance well exceeded our expectations with revenue jumping 57.6% year over year and recurring net profit up 42.9%. CSP benefited from increased visits from COSCO group and Ocean Alliance vessels, which we expect will be sustained, leading to an average 20% increase in our forecast profit for CSP. The bottom-line jump was helped by the first full year of contribution from Qingdao Port International and its Spanish terminals. As a result, we see CSP...
- Jennifer Song
Morningstar | Nationwide Container Throughput Growth Accelerated in 4Q...
Nationwide container throughput growth accelerated to 7.5% year over year in fourth-quarter 2018, from 4.9% in the first three quarters, despite the quarterly GDP dipping to 6.4%, a historical low over the past decade. We think this should be largely driven by traders pushing through purchases and sales in case tariffs escalate. However, a sharp fall in China’s exports and imports value in February suggests risks amid a slowing economy in China and still-fragile global trade environment, as we...
- Jennifer Song
Morningstar | Nationwide Container Throughput Growth Accelerated in 4Q...
Nationwide container throughput growth accelerated to 7.5% year over year in fourth-quarter 2018, from 4.9% in the first three quarters, despite the quarterly GDP dipping to 6.4%, a historical low over the past decade. We think this should be largely driven by traders pushing through purchases and sales in case tariffs escalate. However, a sharp fall in China’s exports and imports value in February suggests risks amid a slowing economy in China and still-fragile global trade environment, as we...
- Jennifer Song
Nationwide Container Throughput Growth Accelerated in 4Q; But Greater ...
Nationwide container throughput growth accelerated to 7.5% year over year in fourth-quarter 2018, from 4.9% in the first three quarters, despite the quarterly GDP dipping to 6.4%, a historical low over the past decade. We think this should be largely driven by traders pushing through purchases and sales in case tariffs escalate. However, a sharp fall in China’s exports and imports value in February suggests risks amid a slowing economy in China and still-fragile global trade environment, as we...
- Jennifer Song
Nationwide Container Throughput Growth Accelerated in 4Q; But Greater ...
Nationwide container throughput growth accelerated to 7.5% year over year in fourth-quarter 2018, from 4.9% in the first three quarters, despite the quarterly GDP dipping to 6.4%, a historical low over the past decade. We think this should be largely driven by traders pushing through purchases and sales in case tariffs escalate. However, a sharp fall in China’s exports and imports value in February suggests risks amid a slowing economy in China and still-fragile global trade environment, as we...
- Jennifer Song
Morningstar | 01199 Updated Forecasts and Estimates from 01 Mar 2019
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...
- Jennifer Song
Morningstar | 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...
- Jennifer Song
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...
- Jennifer Song
Morningstar | CSP's Strong 1H Slightly Beats; Raising FVE to HKD 9.80 ...
No-moat Cosco Shipping Ports', or CSP's, decent first-half results reveal an accelerating port operation, driven by strong throughput volume growth with benefits from global trade recovery and the Ocean Alliance. The company's core profit rose 70% year over year to USD 169 million in the first half, on the back of strong 26.5% throughput volume growth from a year ago. This is slightly above our expectations, owing to stronger-than-expected throughput growth. We lift our earnings forecasts in 201...
- Jennifer Song
CSP's Strong 1H Slightly Beats; Raising FVE to HKD 9.80 on Capital Exp...
No-moat Cosco Shipping Ports', or CSP's, decent first-half results reveal an accelerating port operation, driven by strong throughput volume growth with benefits from global trade recovery and the Ocean Alliance. The company's core profit rose 70% year over year to USD 169 million in the first half, on the back of strong 26.5% throughput volume growth from a year ago. This is slightly above our expectations, owing to stronger-than-expected throughput growth. We lift our earnings forecasts in 201...
- Jennifer Song
Morningstar | CSP’s Strong First Half Slightly Beats; Raising FVE to...
No-moat Cosco Shipping Ports’, or CSP’s, decent first-half results reveal an accelerating port operation, driven by strong throughput volume growth with benefits from global trade recovery and the Ocean Alliance. The company’s core profit rose 70% year over year to USD 169 million in the first half, on the back of strong 26.5% throughput volume growth from a year ago. This is slightly above our expectations, owing to stronger-than-expected throughput growth. We lift our earnings forecasts ...
- Jennifer Song
Morningstar | CSP’s Strong First Half Slightly Beats; Raising FVE to...
No-moat Cosco Shipping Ports’, or CSP’s, decent first-half results reveal an accelerating port operation, driven by strong throughput volume growth with benefits from global trade recovery and the Ocean Alliance. The company’s core profit rose 70% year over year to USD 169 million in the first half, on the back of strong 26.5% throughput volume growth from a year ago. This is slightly above our expectations, owing to stronger-than-expected throughput growth. We lift our earnings forecasts ...
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