Damo: Raise the target price of COSCO Offshore Holdings (01919) to HK$10.3 to “reduce holdings”

The Zhitong Finance App learned that Morgan Stanley released a research report stating that COSCO Maritime Holdings (01919)'s profit forecast for 2025 to 2027 will be raised by 10%, 11%, and 14%, respectively, to reflect the profit performance that exceeded expectations for the first nine months of 2025. Based on this, the bank raised COSCO Haikou's bull market, basic and bear market scenario valuations by 9.8%, 8.7% and 8.9%, respectively, in line with the profit adjustment range. The target price was raised by 8.4% to HK$10.3, and the rating was “reduced.”