[ET Net News Agency, 28 April 2021] HSBC Global Research raised its target price for
Cosco Shipping Ports Ltd (01199) to HK$8 from HK$6.7 and maintained its "buy" rating.
The research house said it raises its 2021-22 profit estimates by 22-25% mainly on
higher ASP assumptions and increased profit contribution of associates and JVs. Its
revised estimates imply 44% y-o-y growth in recurring profits for 2021e (+31% y-o-y for
2Q-4Q21e). (RC)