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An announcement from COSCO SHIPPING Ports ( (HK:1199) ) is now available.
COSCO SHIPPING Ports reported first-quarter 2026 revenue of US$420.9 million, up 10.3% year on year, with profit attributable to equity holders rising 2.0% to US$85.6 million as total throughput grew 8.9% to 38.9 million TEU, driven mainly by a double‑digit increase at non‑controlling terminals. Equity throughput advanced 7.5% to 11.9 million TEU, while controlling terminals posted a more modest 2.9% throughput increase, indicating that growth momentum is concentrated in partnered facilities and underscoring the strategic importance of joint ventures and associates to the group’s earnings profile.
The company’s share of profits from joint ventures and associates climbed 13.6% to US$90.2 million, helping to offset a 13.6% rise in cost of sales that limited gross profit growth to 1.7%, and basic earnings per share dipped 3.1% despite higher absolute profit. The balance sheet remained solid with total assets of US$12.8 billion and total equity of US$7.6 billion as of 31 March 2026, reflecting continued capital intensity in port infrastructure and a stable financial base to support future operational expansion and portfolio optimisation.
The most recent analyst rating on (HK:1199) stock is a Hold with a HK$5.51 price target. To see the full list of analyst forecasts on COSCO SHIPPING Ports stock, see the HK:1199 Stock Forecast page.
More about COSCO SHIPPING Ports
COSCO SHIPPING Ports is a global port operator listed in Hong Kong, focusing on container terminal investments and operations. The group manages a portfolio of controlling and non-controlling terminal stakes worldwide, generating revenue primarily from container throughput and related port services across key international shipping routes.
Average Trading Volume: 5,048,538
Technical Sentiment Signal: Buy
Current Market Cap: HK$20.63B
For a thorough assessment of 1199 stock, go to TipRanks’ Stock Analysis page.