COSCO Shipping: Unfavorable Winds Of Change

2025-03-10 05:36:54 ET

Summary

• China’s COSCO SHIPPING is entering a difficult stretch.
• Geopolitics may cease being a tailwind soon.
• The demand/supply balance is also a major concern.
• Steer clear for now.

China's largest container shipping company, COSCO SHIPPING Holdings Co., Ltd. ( CICOF ) (CICOY), started the year on a positive note, disclosing preliminary recurring net profit growth of +106% YoY for the full-year. This, in turn, implies a significant upturn in Q4 recurring net profit to RMB10.9bn - thanks to a combination of strategic initiatives on the cost side, as well as resilient spot rates....

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