According to the Smart Finance APP, CICC released a research report stating that it maintains a "outperform" rating for Cosco Shipping Holdings (01919) and its profit forecast remains unchanged. Based on reduced risk appetite, the target price for the company was lowered by 9.4% to HK$14.5.

The report states that the mid-term performance of the company met expectations, with revenue increasing by 10.2% year-on-year to 101.2 billion yuan. Net profit was 16.87 billion yuan, which translates to an earnings per share of 1.05 yuan. In the second quarter, revenue was 52.93 billion yuan, a year-on-year increase of 19% and a quarterly increase of 9.7%. Net profit was 10.12 billion yuan, a year-on-year increase of 7.2% and a quarterly increase of 49.7%. Net financial income in the quarter reached 777 million yuan, in line with the bank's expectations.