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An update from COSCO SHIPPING Holdings Co ( (HK:1919) ) is now available.
COSCO SHIPPING Holdings has commissioned the construction of 12 new vessels through its wholly owned subsidiary COSCO Asset Management, signing shipbuilding contracts with Jiangnan Shipyard and China Shipbuilding Trading worth a total of RMB16.79 billion. The ships, to be delivered between 2028 and 2029, will be financed by up to 60% external debt or bank loans with the balance from internal resources, and the contracts include detailed progress-based payment schedules, liquidated damages for delivery delays and technical underperformance, and refund protections in case of termination, underscoring the group’s continued fleet expansion and disciplined capital management under Hong Kong’s disclosable transaction rules.
The most recent analyst rating on (HK:1919) stock is a Sell with a HK$10.40 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 PRC-incorporated, Hong Kong-listed shipping and logistics company engaged primarily in container shipping and related asset management through subsidiaries such as COSCO Asset Management, with a focus on global maritime transport services.
Average Trading Volume: 23,705,502
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$249.4B
For an in-depth examination of 1919 stock, go to TipRanks’ Overview page.