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COSCO SHIP HOLD Soars 6%+ Post Results; HSBC Research Lifts Rating & TP
COSCO SHIP HOLD (01919.HK) sustained the uptrend for days. The stock continued to boom this morning (30th), and last surged 6.4% to $10.14, notching an over-1.5-year high, on volum...
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COSCO SHIP HOLD Soars 6%+ Post Results; HSBC Research Lifts Rating & TP
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SHORT SELL
 
STOCK INFO

COSCO SHIP HOLD (01919.HK)  +0.280 (+2.233%)    Short selling $141.19M; Ratio 17.055%   sustained the uptrend for days. The stock continued to boom this morning (30th), and last surged 6.4% to $10.14, notching an over-1.5-year high, on volume of 46.892 million shares and turnover of $468 million.

The company announced its first quarterly report for the three months ended March, in accordance with China Accounting Standards. Net profit attributable to shareholders reached RMB6.755 billion, a regression of 5.23% YoY.

Related NewsG Sachs Raises TPs of COSCO SHIP HOLD, COSCO SHIP ENGY to $7.6 / $11.5
HSBC Global Research issued a report saying that the Red Sea shipping disruption is likely to persist for most of the year, shoring up contracted freight rates and supporting spot rates, thus increasing the profitability visibility of COSCO SHIP HOLD. It was upgraded to Buy from Hold, with TP raised to $11.5 from $9.5.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-16 16:25.)

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