HKG:1199

HSBC Upgrades Cosco Shipping Ports to Hold from Reduce; Price Target is HK$5.40

COSCO Shipping Ports' Profit Climbs 2% in Q1

COSCO Shipping Ports (HKG:1199) recorded a 2% rise in attributable profit in the first quarter of 2026 to $85.6 million from $83.9 million a year prior, according to a Wednesday Hong Kong bourse filing.The port and terminal operator's earnings per share fell to $0.0216 from $0.0223 in the corresponding period of the previous fiscal year.Revenue increased 10% to $420.9 million from $381.5 million in the year-ago period.Total throughput increased 8.9% year over year to over 38.9 million TEU.