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Orient Overseas CFO Retires; Successor Named
CHIMBUSCO Completes China's First Fully Digitalized Bonded Bunkering Operation Using EBDN
Goldman Sachs: Lowered the Target Price for COSCO SHIP PORT to HKD 5.60, maintaining a "Buy" rating.
Goldman Sachs released a research report stating that COSCO SHIP PORT (01199) had a net income of 0.309 billion USD last year, a year-on-year decrease of 4.8%, which roughly aligns with the bank's and market expectations. This implies that the net income for the fourth quarter of 2024 will be 87.7 million USD, an increase of 7% quarter-on-quarter, but a decrease of 4% year-on-year. The bank raised its core profit forecast for this year and next year by 1% to 4%, and introduced projections for 2027. The target price for the stock was lowered from 6 HKD to 5.6 HKD, maintaining a 'Buy' rating. Looking ahead to this year, management indicated that the growth in throughput will be consistent with the industry, citing Drewry's forecast of a year-on-year increase of 2.8%, mainly.
COSCO SHIP INTL intends to appoint Shinewing Certified Public Accountants as the new auditor.
COSCO SHIP INTL (00517) announced that after communication with PricewaterhouseCoopers, the Board of Directors declared that at the end of the upcoming Annual Shareholder Meeting, PricewaterhouseCoopers' current term will expire, and they will resign without accepting reappointment. Based on the recommendation from the company's Audit Committee on March 26, 2025, the Board of Directors has decided to present a resolution at the Annual Shareholder Meeting to appoint ShineWing (Hong Kong) CPA Limited as the company’s new auditor. This proposed appointment must be approved by the shareholders at the Annual Shareholder Meeting.
COSCO SHIPPING Establishes First Overseas Warehouse in West Africa
Hong Kong Stock Morning Report｜Our country will implement comprehensive measures to expand consumption. Most China Concept Stocks are down.
1. The country will implement comprehensive measures to expand consumption; the new policy on consumer loans allows for the personal consumption loan self-payment cap to be increased from 0.3 million yuan to 0.5 million yuan in stages. 2. Trump and the U.S. Secretary of Defense made speeches stating that Russia and Ukraine will soon achieve a complete ceasefire. 3. The three major U.S. stock indices rose last Friday, while most China Concept Stocks declined. 4. Speculative traders have shifted to Put the dollar for the first time since Trump's victory.
102647362 : Me too !!!