Damo expects COSCO Marine Holdings (01919)'s stock price to outperform the market on the next 15 days.
The Zhitong Finance App learned that Damo released a research report saying that the stock price of COSCO Marine Control (01919) is expected to outperform the market in the next 15 days. The bank pointed out that due to a possible slowdown in demand in the next two to six weeks, the improvement in the container shipping spot market may be suspended, which will become a potential negative catalyst. The target price for COSCO Offshore Control is HK$6, and its rating is “outperforming the market”.