CICC: Raising the target price of COSCO SHIPPING Port (01199) to HK$6.16, the results for the first half of the year beat expectations

The Zhitong Finance App learned that CICC released a research report saying that COSCO SHIPPING Port (01199) performed better than expected in the first half of the year, mainly because the company confirmed a one-time return of 54 million US dollars in the second quarter. The bank raised 2026/2027 net profit by 21.69% and 5.2% to 398 million and 370 million US dollars, considering that this year's one-time revenue and single-box revenue growth is expected to exceed expectations this year. Maintaining the “outperforming industry” rating, excluding the impact of one-time earnings in 2026, the target price was raised by 8.45% to HK$6.16.