- 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%.
For further details see:
Cosco Shipping Ports: All Eyes On Capital Recycling