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....
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COSCO Shipping: Consider Shipping Rate Prospects And Dividend Outlook