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CSPKF - Cosco Shipping Ports: All Eyes On Capital Recycling
Cosco Pacific Ltd Ord
Cosco Shipping Ports' adjusted net profit attributable to shareholders fell by -34.5% YoY to $94.8 million in 1H 2020, excluding asset disposal gains.
A positive re-rating of the stock's valuations is dependent on the continued recovery in throughput for its terminals and the successful execution of its capital recycling strategy.
Cosco Shipping Ports trades at 0.38 times P/B and 6.5 times consensus forward FY 2021 P/E, and it offers a consensus forward FY 2021 dividend yield of 6.2%.