Damo expects COSCO Marine Control (01919) to outperform the market in the next 15 days.
The Zhitong Finance App learned that Morgan Stanley released a research report saying that it is expected that COSCO Maritime Control (01919) will outperform the market in the next 15 days, reaffirming the “reduced holdings” rating, and the target price is HK$6. The bank said that due to a possible slowdown in demand in the next 2-6 weeks, the upward trend in the container shipping spot market may be suspended, believing this is a potential negative catalyst.