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CICC Lifts COSCO SHIP PORT TP to HKD6.16; 1H Results Beat
2026-09-02 16:10:31
CICC issued a report on COSCO SHIP PORT (01199.HK), of which results for 1H26 were better than the broker's expectations, due to the company recognizing a one-off write-back gain of USD54 million in 2Q.

In view of this year's one-off gain and per-container revenue growth for the next two years that may exceed expectations, the broker raised its 2026/2027 net profit forecasts by 21.69% and 5.2% to USD398 million and USD370 million respectively.

It maintained an Outperform rating and raised the TP by 8.45% to HKD6.16 after excluding the impact of one-off gains in 2026.
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AASTOCKS Financial News
Website: www.aastocks.com