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COSCO SHIPPING International HONG KONG Co Ltd (0517)

Hong Kong
Currency in HKD
Disclaimer
3.830
+0.140(+3.79%)
Closed

0517 Price Commentary

With China economy reopening, economic activities will increase with shipping movement going into full swing
Cosco conitnue to be a hidden gem. Management is better aligned on shareholder value following incentive plans. Recent results on the underlying business are strong and we assume will improve. coatings has turned around, fuel trading been significantly curtailed and othe divisions performing generally well. So we have a share price at HKD 2.68, net cash of 3.27 per share and a NAV of 5.29 per share! EPS of 22 cents and we're paid a 9% DY for parking our money here!
Finally some life from Cosco. Great news on the Board approval of management options. Looking forward increased focus on shaareholder value. Performance focus, potential M&A and our preferred option of share buybacks and or special dividends. Still cash prr share on the balance sheet greatly in excess of the share price. And phase 1 of China US truce can only help. The share must be en route to 4HKD per share. Still time to add to the position.
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