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<Research>G Sachs Tweaks Down COSCO SHIP PORT's TP to HKD6.6, Anticipates Earnings Improvement This Yr
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COSCO SHIP PORT (01199.HK)'s 2025 net profit grew by 1.1% YoY to USD312 million, 8% below market expectations, according to a report from Goldman Sachs. The company's 4Q25 net profit declined by 45% YoY or 42% QoQ to USD47.8 million, which Goldman Sachs attributed to one-time costs at the Yangtze River Delta terminals and higher costs recognized at the Qianwan terminal in 4Q25. Considering the continued strong growth in throughput and the increase in average prices shored up by inflation, Goldman Sachs believes COSCO SHIP PORT's profit margins and earnings could improve in 2026. Goldman Sachs has kept a Buy rating on COSCO SHIP PORT but cut its target price from HKD6.8 to HKD6.6. AAStocks Financial News |
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