To The Moon

Zhitong Finance APP learned that Bank of America Securities issued a research report stating that it reiterated the "buy" rating of COSCO SHIPPING Holdings (01919), raised the target price from HK $18.53 to HK $19.25, and raised the profit forecast for 2021-22 by RMB 20 billion to reflect The latest container market. The bank pointed out that the company's preliminary results have disclosed that the net profit in the first half of the year reached 37 billion yuan. Therefore, after seeing the rate outlook for the next few weeks, it is believed that the peak period has not yet arrived. Due to logistics bottlenecks and strong demand, it seems that it will continue until next year. During the Lunar New Year, it is believed that profits are expected to increase again, and dividends are expected to be repaid.

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