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home / news releases / CSPKF - COSCO SHIPPING Ports: Downside Risks Remain Despite Cheapness


CSPKF - COSCO SHIPPING Ports: Downside Risks Remain Despite Cheapness

Elevator Pitch

I assign a "Neutral" rating to Hong Kong-listed Mainland China port operator COSCO SHIPPING Ports Limited (CSPKF) (CSPKY) [1199:HK].

COSCO SHIPPING Ports' overall throughput declined -5.7% YoY to 23,796,300 TEU in 3M2020 as a result of the coronavirus outbreak, but most of its port terminals in Mainland China have seen a recovery in March 2020. Furthermore, COSCO SHIPPING Ports has an estimated $1.1 billion of cash on the company's books taking into account cash proceeds from recent disposals, and there is upside for shareholders if it can acquire quality

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Stock Information

Company Name: Cosco Pacific Ltd Ord
Stock Symbol: CSPKF
Market: OTC

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