BUZZ-COSCO Shipping climbs on robust 2024 earnings outlook

Reuters2025-01-13

** Hong Kong shares of COSCO Shipping Holdings 1919.HK climb 3.4% to HK$12, on track to snap five-session losing streak

** Shanghai shares 601919.SS add 0.4%

** COSCO Shipping expects 2024 net profit attributable to the shareholders to jump 105.7% Y/Y to 49.1 bln yuan ($6.70 bln)

** In 2024, the company recorded an increase in volume and freight rate of its container shipping business on a YoY basis, achieving better operating results, co says

** Hang Seng Commerce & Industry Index .HSNC and Hang Seng Index .HSI both slip 0.9%

($1 = 7.3318 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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