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<Research>G Sachs Elevates COSCO SHIP PORT's TP; CN Container Throughput Expected to Rise 4.6% for 2025
Recommend 8 Positive 9 Negative 6 |
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Despite the backdrop of increased US tariffs and trade uncertainties, China's port container throughput managed to grow by 7% YoY in 1H25, Goldman Sachs wrote in its research report. Looking ahead, the broker forecasted China's port container throughput to log YoY growth rates of 4.6%/ 2.7%/ 2.5% for 2025-27, implying a slowdown to a 2% growth in 2H25. Regarding shipping stocks, Goldman Sachs favored COSCO SHIP PORT (01199.HK) due to its solid performance at its European terminals and improvements at Chancay ports. Expecting the company to achieve a dividend yield of 5% for 2025, the broker lifted its target price from HKD5.3 to HKD6, with a Buy rating. CHINA MER PORT (00144.HK)'s target price was also elevated from HKD13.1 to HKD14.2, with a Neutral rating. AAStocks Financial News |
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