Earnings Alerts

COSCO Shipping Holdings (1919) Earnings: 1H Net Income Hits 16.87B Yuan with 23.5% Gross Margin

  • Cosco Shipping’s Financial Performance: Net income for the first half of 2024 is 16.87 billion yuan.
  • Revenue: The company reported revenue of 101.20 billion yuan for the same period.
  • Profitability: Gross margin stands at 23.5%.
  • Analyst Recommendations: There are 7 buys, 2 holds, and 4 sells for Cosco Shipping.

COSCO Shipping Holdings on Smartkarma



Analyst coverage of COSCO Shipping Holdings on Smartkarma has been insightful, with analysts like Travis Lundy providing valuable research. In a recent report titled “HK Connect SOUTHBOUND Flows (To 19 Jul 2024)”, Lundy noted significant net buying activity but observed that HK stocks faced a downturn despite A-shares performing positively. The report highlighted Tencent as a major buy, along with ETFs, while pointing out a lack of bank purchases, which is a shift from previous trends. Lundy mentioned a possible pause in flows that could signal future developments, prompting a need for further confirmation in the coming weeks.

On Smartkarma, independent analysts like Travis Lundy offer diverse perspectives and insights into companies like COSCO Shipping Holdings. Lundy’s report, leaning towards a bullish sentiment, delved into the intricacies of SOUTHBOUND flows and market dynamics affecting stock performance. Despite the challenges faced by HK stocks, the analysis shed light on specific sectors and key players influencing trading activities. This kind of detailed coverage provides investors with a deeper understanding of market movements and potential opportunities within the shipping industry and related sectors.



A look at COSCO Shipping Holdings Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth5
Resilience5
Momentum5
OVERALL SMART SCORE5.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores analysis, COSCO Shipping Holdings is positioned favorably for the long-term. With top scores in all key factors including Value, Dividend, Growth, Resilience, and Momentum, the company shows strength across the board. This indicates strong potential for growth and stability in the future, making it an attractive prospect for investors looking for a solid investment opportunity.

COSCO Shipping Holdings Co., Ltd, specializing in marine freight transportation services, is well-equipped to navigate the competitive industry landscape. Offering a range of shipping and logistics services internationally, the company operates container ships and terminals while also engaging in container leasing and manufacturing. With its high Smartkarma Smart Scores across the board, COSCO Shipping Holdings demonstrates a robust business model and a promising outlook for sustained success in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars