Home Capital Broker's Calls

Could changes to Cosco’s core business be underway?

Michelle Zhu
Michelle Zhu8/8/2017 11:22 AM GMT+08  • 2 min read
Could changes to Cosco’s core business be underway?
SINGAPORE (Aug 8): DBS Vickers Securities is maintaining its “hold” call on Cosco Shipping International (Singapore) with an unchanged target price of 27 cents after the group last week reported a narrowing of its 2Q losses to $20.8 million.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 8): DBS Vickers Securities is maintaining its “hold” call on Cosco Shipping International (Singapore) with an unchanged target price of 27 cents after the group last week reported a narrowing of its 2Q losses to $20.8 million.


See: Cosco Shipping 2Q net loss narrows to $20.8 mil

In a Tuesday report, analyst Ho Pei Hwa suggests that Cosco’s recently-signed memorandum of understanding (MoU) to acquire a 40% stake in PT Ocean Global Shipping, a shopping logistic service provider, from its sister company, could be a hint about the group’s possible core business in future.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.