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23321 JPCSHIP@EC2508A (CALL)
RT Nominal unchange0.063 0.000 (0.000%)

06/08/2024 15:45

{I-bank focus}HSBC lowers COSCO Ship Engy (01138) to HKD9

[ET Net News Agency, 6 August 2024] HSBC Global Research lowered the target price for
COSCO Ship Engy (01138) to HKD9 from HKD10 and maintained the "hold" rating.
The research house said it cuts 2024 net profit estimates by 14% to RMB5.6bn, driven by
lower TCE assumptions, reflecting weaker 1H results and higher opex given the aging fleet.
(rc)

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