Da Mo expects container traffic at COSCO SHIPPING Port (01199) to increase by 3.1%/4.7%/4.5% from 2023 to 25.
The Zhitong Finance app learned that Morgan Stanley released a research report stating that it maintained the “in sync with the market” rating of COSCO Shipping Port (01199), and that the target price was slightly lowered from HK$4.9 to HK$4.8. However, the bank adjusted the company's profit forecast for 2023-25 to growth of 3.2%, 6.5% and 8.3%, mainly driven by moderate increases in freight volume and average sales prices. It is expected that container traffic will increase by 3.1%, 4.7% and 4.5% from 2023 to 2025.