Gelonghui, April 25, 丨According to the report, COSCO SHIPPING Port (1199.HK) will be lowered by 14% each for this year and next year to 9 US cents and 10 US cents, respectively, to reflect an 11% reduction in the two-year profit forecast and an increase in tradable shares. It also introduced an earnings test of 11 US cents per share in 2025. The bank lowered its target price from HK$5.4 to HK$4.9, maintaining its rating of “in sync with the market.” The stock is currently reported at HK$481, with a total market value of HK$16.6 billion.
大行评级 | 大摩：下调中远海运港口目标价至4.9港元 评级“与大市同步”
Big Bank Ratings | Daimo: COSCO SHIPPING Port's Target Price Downgraded to HK$4.9 to “Synchronize with the Market”
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