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COSCO SHIPPING Holdings Co ( (HK:1919) ) has provided an announcement.
COSCO SHIPPING Holdings Co., Ltd. has announced the formation of a joint venture with COSCO SHIPPING Logistics (Guangzhou), Shenzhen Port Logistics Group, and CCCC Fourth Harbour. The joint venture, named Shenzhen COSCO SHIPPING Smart Supply Chain Co., Ltd., will have a registered capital of RMB1 billion, with COSCO Container (Hong Kong) holding a 37% stake. This strategic move is expected to enhance COSCO SHIPPING’s supply chain capabilities and strengthen its market position in the logistics sector.
The most recent analyst rating on (HK:1919) stock is a Buy with a HK$22.00 price target. To see the full list of analyst forecasts on COSCO SHIPPING Holdings Co stock, see the HK:1919 Stock Forecast page.
More about COSCO SHIPPING Holdings Co
COSCO SHIPPING Holdings Co., Ltd. is a major player in the shipping and logistics industry, primarily focused on container shipping and terminal operations. The company is based in China and operates globally, providing integrated shipping and logistics services.
YTD Price Performance: 17.02%
Average Trading Volume: 26,261,975
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$246.7B
For a thorough assessment of 1919 stock, go to TipRanks’ Stock Analysis page.