COSCO SHIPPING Development Co Ltd Class H (HK:2866)
:2866
Want to see HK:2866 full AI Analyst Report?
Top Page
COSCO SHIPPING Development Co
(2866)
Select Model
Select Model
Rating:46Neutral
Price Target:
HK$1.00
â–¼(-7.41% Downside)
Action:Reiterated
Date:05/04/26
The score is held back primarily by balance-sheet leverage (~3.10x debt-to-equity) and weak cash conversion (TTM free cash flow ~-4.5B) despite positive operating cash flow. Technicals also indicate a bearish setup (below major moving averages with negative MACD). Offsetting factors are a moderate P/E (~14.4) and a supportive dividend yield (~4.05%).
Positive Factors
Recurring leasing revenue
COSCO SHIPPING Development’s core business is asset-backed leasing and shipping finance, which generates recurring rental and interest income. This model produces predictable cash inflows tied to multi-year leases and long-lived assets, supporting stable revenue streams across shipping cycles and enabling contract-driven visibility for 2–6 months and longer.
Negative Factors
Consistent negative free cash flow
Persistent negative free cash flow signals capex, fleet purchases or lease financing outflows exceed operating cash generation. Over the medium term this constrains the company’s ability to reduce debt, return capital, or absorb shocks without raising external funding, making long-term financial flexibility and credit profile more sensitive to market conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring leasing revenue
COSCO SHIPPING Development’s core business is asset-backed leasing and shipping finance, which generates recurring rental and interest income. This model produces predictable cash inflows tied to multi-year leases and long-lived assets, supporting stable revenue streams across shipping cycles and enabling contract-driven visibility for 2–6 months and longer.
Read all positive factors
COSCO SHIPPING Development Co (2866) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$32.64B
Dividend Yield4.16%
Average Volume (3M)16.92M
Price to Earnings (P/E)7.9
Beta (1Y)0.82
Revenue Growth-8.82%
EPS Growth11.45%
CountryHK
Employees15,669
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.09
Shares Outstanding3,445,672,000
10 Day Avg. Volume15,984,000
30 Day Avg. Volume16,922,870
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.41
Price to Sales (P/S)0.50
P/FCF Ratio-2.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.21
Revenue Forecast (FY)HK$15.06B
COSCO SHIPPING Development Co Business Overview & Revenue Model
Company Description
COSCO SHIPPING Development Co., Ltd., together with its subsidiaries, provides vessel chartering and container leasing services. It operates through Shipping and Industry-Related Leasing, Container Manufacturing, and Investment and Financial Servi...
How the Company Makes Money
null...
COSCO SHIPPING Development Co Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
41
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.46B | 25.20B | 27.63B | 15.69B | 25.63B | 37.17B |
| Gross Profit | 3.42B | 4.83B | 4.82B | 4.83B | 7.27B | 10.85B |
| EBITDA | 3.97B | 8.70B | 8.59B | 7.81B | 9.62B | 11.75B |
| Net Income | 1.12B | 1.61B | 1.69B | 1.41B | 3.92B | 6.09B |
Balance Sheet | ||||||
| Total Assets | 135.82B | 131.59B | 126.37B | 125.93B | 128.15B | 132.62B |
| Cash, Cash Equivalents and Short-Term Investments | 14.05B | 10.28B | 8.74B | 13.69B | 16.20B | 19.09B |
| Total Debt | 75.98B | 66.46B | 72.12B | 76.54B | 93.18B | 91.29B |
| Total Liabilities | 104.25B | 100.36B | 95.76B | 96.65B | 99.25B | 99.93B |
| Stockholders Equity | 31.12B | 30.79B | 30.30B | 29.28B | 28.89B | 32.69B |
Cash Flow | ||||||
| Free Cash Flow | -4.51B | -4.45B | -3.21B | -433.22M | 110.19M | -19.75B |
| Operating Cash Flow | 3.83B | 5.19B | 6.70B | 5.31B | 11.21B | 14.58B |
| Investing Cash Flow | -5.59B | -5.41B | -3.11B | 962.73M | -300.66M | -15.21B |
| Financing Cash Flow | 3.32B | 1.72B | -8.29B | -8.93B | -14.49B | 5.90B |
COSCO SHIPPING Development Co Technical Analysis
Negative
1.08
Price Trends
1.16
Negative
1.14
Negative
1.15
Negative
Market Momentum
-0.02
Positive
31.87
Neutral
9.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2866, the sentiment is Negative. The current price of 1.08 is below the 20-day moving average (MA) of 1.11, below the 50-day MA of 1.16, and below the 200-day MA of 1.15, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 31.87 is Neutral, neither overbought nor oversold. The STOCH value of 9.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2866.
COSCO SHIPPING Development Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$94.90B | 4.00 | 48.55% | 9.80% | 11.50% | 17.54% | |
71 Outperform | HK$95.75B | 4.75 | 11.33% | 12.81% | -9.21% | -41.30% | |
65 Neutral | HK$251.57B | 8.62 | 10.75% | 12.48% | -6.12% | -35.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$17.01B | 11.88 | 2.51% | 2.88% | -19.46% | -55.11% | |
60 Neutral | HK$130.07B | 9.93 | 9.13% | 4.76% | 2.50% | -2.32% | |
46 Neutral | HK$32.64B | 7.91 | 5.00% | 4.16% | -8.82% | 11.45% |
* Industrials Sector Average
HK:2866
COSCO SHIPPING Development Co
1.05
0.11
11.58%
HK:1919
COSCO SHIPPING Holdings Co
15.28
2.18
16.65%
HK:1138
COSCO SHIPPING Energy Transportation Co
18.23
12.43
214.20%
HK:0316
Orient Overseas (International)
145.40
15.84
12.23%
HK:2343
Pacific Basin Shipping
3.29
1.46
79.88%
HK:1308
SITC International Holdings Co., Ltd.
33.90
11.51
51.39%
COSCO SHIPPING Development Co Corporate Events
COSCO SHIPPING Development Grows Revenue but Faces Profit Decline in Q1 2026
Apr 29, 2026
COSCO SHIPPING Development Co. reported revenue of RMB 5.99 billion for the first quarter of 2026, up 10.49% year on year, while total profit declined 27.60% to RMB 446.8 million as margins came under pressure despite top-line growth. Net profit a...
COSCO SHIPPING Development Sets Date for First-Quarter 2026 Results Board Meeting
Apr 15, 2026
COSCO SHIPPING Development Co., Ltd. has scheduled a board meeting for 29 April 2026 to consider and approve the unaudited first-quarter results for the period ended 31 March 2026. The announcement signals that investors and other stakeholders can...
COSCO SHIPPING Development Lifts 2025 Profit Despite Lower Revenue
Mar 30, 2026
COSCO SHIPPING Development reported revenue from continuing operations of RMB24.98 billion for 2025, down from the previous year, but profit before tax improved to RMB2.07 billion and profit attributable to shareholders reached RMB1.61 billion. Th...
COSCO SHIPPING Development Proposes Final Dividend for 2025
Mar 30, 2026
COSCO SHIPPING Development Co., Ltd. has proposed a final ordinary cash dividend of RMB 0.015 per share for the financial year ended 31 December 2025. Key timetable details such as the Hong Kong dollar equivalent amount, ex-dividend date, record d...
COSCO SHIPPING Development Sets March 2026 Board Meeting on 2025 Results and Dividend
Mar 18, 2026
COSCO SHIPPING Development Co., Ltd. has scheduled a board meeting for 30 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider whether to declare a dividend, a decision tha...
COSCO SHIPPING Development Reshapes Investment Strategy Committee
Feb 13, 2026
COSCO SHIPPING Development has adjusted the composition of its board committees, appointing non-executive director Zheng Xiaozhe as a member of the board’s investment strategy committee with effect from 13 February 2026. The move signals a r...
COSCO SHIPPING Development Details Board and Committee Roles
Feb 13, 2026
COSCO SHIPPING Development Co., Ltd. has announced the current composition of its board of directors, listing executive, non-executive and independent non-executive members and formalizing their respective roles. The company has also detailed the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.