According to Zhito Finance APP, Goldman Sachs has released a research report stating that it has assigned COSCO Shipping Holdings (01919) a "neutral" rating, with the target price slightly increasing from 11.8 Hong Kong dollars to 11.9 Hong Kong dollars.

The report cites the company's earnings surprise, estimating that the net income for 2024 will be 49.1 billion yuan, a year-on-year increase of 106%. This means that the net income for the last quarter was 11 billion yuan, slightly better than expected. This is believed to be due to the increase in cargo volume, especially on The Pacific routes, as well as Forex gains.

Additionally, the bank believes that the prospects for container shipping are downward, as the latest SCFI has dropped significantly by 9%. This is believed to be due to seasonal impacts, with reduced cargo after the Lunar New Year, and due to shipping alliances actively controlling capacity, resulting in unsustainable increases in freight rates on European routes.