Streetbeat News

CICOF

Cosco Shipping Holdings Co Ltd

Industry

Deep Sea Freight Transportation

Open

1.63

Mkt cap

32B

Volume

459

High

1.63

P/E Ratio

4.79

52-wk high

1.89

Low

1.63

Div yield

0.05

52-wk low

0.95

COSCO Shipping has been upgraded from a Hold to a Buy due to a positive financial outlook and strong shareholder return expectations. The company is expected to offer a shareholder yield above 10% through dividends and share buybacks, supported by a robust cash position and strong Q4 2024 earnings growth driven by high container shipping rates.

Portfolio Pulse from

November 15, 2024 | 2:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.