Glonghui, January 10 | Bank of America Securities issued a rating report saying that COSCO Offshore issued a profit warning that profits attributable to shareholders fell 67% quarterly to 1.8 billion yuan last quarter, lower than the bank's estimate of 4.2 billion yuan, mainly due to lower delivery costs than expected. According to the bank, the Group's profit performance in 2024 depends on whether the Red Sea issue has been resolved, but it believes that Red Sea disruptions should help profit in the first quarter. The bank gave it a target price of HK$8.3 and maintained its rating as “neutral”.
大行评级｜美银：维持中远海控“中性”评级 目标价8.3港元
Bank Rating | Bank of America: Maintaining COSCO Maritime Control's “Neutral” Rating Target Price of HK$8.3
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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