Earnings Alerts

COSCO Shipping Holdings (1919) Earnings Soar: Preliminary FY Net Income Surges 105.7% to 49.1 Billion Yuan

By January 10, 2025 No Comments
  • Cosco Shipping reported a preliminary net income increase of approximately 105.7%.
  • The preliminary net income is around 49.1 billion yuan.
  • The company received varied analyst recommendations:
    • 7 recommendations to buy
    • 3 recommendations to hold
    • 2 recommendations to sell

COSCO Shipping Holdings on Smartkarma

Analyst coverage on COSCO Shipping Holdings by Travis Lundy on Smartkarma reveals varying sentiments in recent reports. Lundy’s analysis titled “HK Connect SOUTHBOUND Flows” leans bearish, highlighting increased trading activity but mixed tech flows and caution in the market. Despite higher gross volumes, net buying remained strong but slightly lower. In contrast, Lundy’s report “HK Connect SOUTHBOUND Flows” takes a bullish stance, emphasizing significant net buying efforts that did not yield desired results as Hong Kong stocks experienced broad underperformance. The focus on Tencent as a major buy and the absence of banks in top net buys raise questions about future market trends, hinting at potential shifts ahead.


A look at COSCO Shipping Holdings Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth2
Resilience5
Momentum4
OVERALL SMART SCORE4.2

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, COSCO Shipping Holdings is positioned favorably for long-term success in the shipping industry. With top scores in Value, Dividend, and Resilience, the company showcases strong fundamentals and financial stability. The high scores in these areas indicate that COSCO Shipping Holdings offers attractive investment potential and is committed to rewarding shareholders through dividends.

While the Growth score is moderate and the Momentum score is strong, indicating some room for improvement in growth prospects and market performance, the overall outlook remains positive for COSCO Shipping Holdings. As a leading provider of marine freight transportation services with a diverse range of offerings including container shipping, logistics services, and terminal operations, the company is well-positioned to navigate market challenges and capitalize on opportunities for sustained growth.

### COSCO SHIPPING Holdings Co., Ltd offers marine freight transportation services. The Company offers container shipping,
dry bulk shipping, logistics services, freight forwarding, and terminal and container leasing services internationally.
COSCO SHIPPING Holdings Co., Ltd operates container ships and terminals, and manufactures shipping containers. ###


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