Two Directors at Shanghai International Port(Group) sold 470,000 shares at between 6.400CNY and 6.460CNY. The significance rating of the trade was 50/100. 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 d...
The general evaluation of SHANGHAI INTL.POR.GP. (CN), a company active in the Transportation Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 11, 2022, the cl...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
We maintain our fair value estimate of CNY 6.50 per share for wide-moat Shanghai International Port, or SIPG, following the company’s in-line first-quarter results. We made few change to our 2019 net profit forecast of CNY 9.5 billion, and we expect the company’s net profit to grow at a 4% CAGR in our 10-year explicit forecast period. Our wide moat and stable moat trend remain intact. We think the shares, currently trading at 2.3 times price/book, are slightly overvalued. SIPG’s container...
We maintain our fair value estimate of CNY 6.50 per share for wide-moat Shanghai International Port, or SIPG, following the company’s in-line first-quarter results. We made few change to our 2019 net profit forecast of CNY 9.5 billion, and we expect the company’s net profit to grow at a 4% CAGR in our 10-year explicit forecast period. Our wide moat and stable moat trend remain intact. We think the shares, currently trading at 2.3 times price/book, are slightly overvalued. SIPG’s container ...
We made minimal changes to our profit forecast for wide-moat Shanghai International Port following fourth-quarter core operating performance that was largely within our expectations. As a result, our fair value estimate remains unchanged at CNY 6.50. While the 2018 bottom line was short of our forecast, it is due to noncore non-operating income and this does not change our outlook for the firm. We think the shares are slightly overvalued presently. We estimate net income of 3.9% CAGR in our 10-y...
We made minimal changes to our profit forecast for wide-moat Shanghai International Port following fourth-quarter core operating performance that was largely within our expectations. As a result, our fair value estimate remains unchanged at CNY 6.50. While the 2018 bottom line was short of our forecast, it is due to noncore non-operating income and this does not change our outlook for the firm. We think the shares are slightly overvalued presently. We estimate net income of 3.9% CAGR in our 10-y...
We made minimal changes to our profit forecast for wide-moat Shanghai International Port following fourth-quarter core operating performance that was largely within our expectations. As a result, our fair value estimate remains unchanged at CNY 6.50. While the 2018 bottom line was short of our forecast, it is due to noncore non-operating income and this does not change our outlook for the firm. We think the shares are slightly overvalued presently. We estimate net income of 3.9% CAGR in our 10-y...
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...
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...
Shanghai International Port Group’s annual container throughput of 40.2 million 20-foot equivalent units in 2017 made it the world's busiest container port for eight consecutive years. Located between the Yangtze River and the East China Sea, Shanghai Port is central China's gateway for foreign trade. It enjoys an advantageous geographical location, favourable natural conditions, vast economically developed surroundings, and complete inland distribution infrastructure and facilities, underpinn...
Wide moat Shanghai International Port’s preliminary 2018 results were below our expectations, with revenue and operating profit rising 2% and 7% year over year to CNY 38.2 and CNY 14.2 billion, respectively. We think the shortfall was driven by noncore items as its core port operations were on track with our estimates, with container throughput rising 4.4% to 42 million TEU and dry bulk volume remaining flat at 561 million tons. We leave our fair value estimate unchanged for now while waiting ...
Wide moat Shanghai International Port’s preliminary 2018 results were below our expectations, with revenue and operating profit rising 2% and 7% year over year to CNY 38.2 and CNY 14.2 billion, respectively. We think the shortfall was driven by noncore items as its core port operations were on track with our estimates, with container throughput rising 4.4% to 42 million TEU and dry bulk volume remaining flat at 561 million tons. We leave our fair value estimate unchanged for now while waiting ...
Wide moat Shanghai International Port’s preliminary 2018 results were below our expectations, with revenue and operating profit rising 2% and 7% year over year to CNY 38.2 and CNY 14.2 billion, respectively. We think the shortfall was driven by noncore items as its core port operations were on track with our estimates, with container throughput rising 4.4% to 42 million TEU and dry bulk volume remaining flat at 561 million tons. We leave our fair value estimate unchanged for now while waiting ...
Shanghai International Port Group’s, or SIPG’s, strong 24% growth in third-quarter net profit to CNY 1.6 billion was mostly boosted by noncore investment. The result, however, implies a 10% fall in its core port earnings in the third quarter, despite a decent 5.5% year-over-year growth in container throughput and marginal 1% improvement in dry-bulk volume. This is in line with our expectations, suggesting a 4.5% fall in average handling tariff following the NDRC’s decision to cut port hand...
Shanghai International Port Group’s, or SIPG’s, strong 24% growth in third-quarter net profit to CNY 1.6 billion was mostly boosted by noncore investment. The result, however, implies a 10% fall in its core port earnings in the third quarter, despite a decent 5.5% year-over-year growth in container throughput and marginal 1% improvement in dry-bulk volume. This is in line with our expectations, suggesting a 4.5% fall in average handling tariff following the NDRC’s decision to cut port hand...
Shanghai International Port Group’s, or SIPG’s, strong 24% growth in third-quarter net profit to CNY 1.6 billion was mostly boosted by noncore investment. The result, however, implies a 10% fall in its core port earnings in the third quarter, despite a decent 5.5% year-over-year growth in container throughput and marginal 1% improvement in dry-bulk volume. This is in line with our expectations, suggesting a 4.5% fall in average handling tariff following the NDRC’s decision to cut port hand...
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'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...
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