Gelonghui, December 19, 丨 UBS published a report saying that recently, the stock price of COSCO SHIPPING PORT (1199.HK) rebounded more than 50% from a low at the end of October, exceeding pre-epidemic levels, but the global trade outlook for next year is weakening, and freight rates are not expected to rise, but in the long run, the bank is confident that freight rates will potentially increase. The bank raised the company's earnings test by 1% this year, lowered its target price by 7% for next year and 2024, lowered its target price from HK$7.42 to HK$6.6, and downgraded its rating from “buy” to “neutral”.