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home / news releases / CICOF - COSCO Shipping: Consider Shipping Rate Prospects And Dividend Outlook

CICOF - COSCO Shipping: Consider Shipping Rate Prospects And Dividend Outlook

COSCO Shipping Holdings Co Ltd

2024-07-17 13:34:44 ET

Summary

  • A potential decline in container shipping rates might have a negative impact on COSCO's 2025 financial performance.
  • But I have a positive view of COSCO Shipping's future capital return, considering its generous dividend payout ratio of 50% last year and its consensus 2024 dividend yield of above 10%.
  • An assessment of container shipping rate prospects and the company's dividend distribution outlook suggests that a Hold rating for COSCO Shipping is fair.

Elevator Pitch

My investment rating for COSCO Shipping Holdings Co., Ltd. ( OTCPK:CICOF ) ( OTCPK:CICOY ) [1919:HK] is a Hold....

For further details see:

COSCO Shipping: Consider Shipping Rate Prospects And Dividend Outlook
Stock Information
Company Name: COSCO Shipping Holdings Co Ltd
Stock Symbol: CICOF
Market: OTC
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