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COSCO SHIPPING Development Co
(2866)
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Rating:46Neutral
Price Target:
HK$0.86
â–¼(-20.19% 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
Parent group & specialized leasing model
Being part of the COSCO SHIPPING group and focused on vessel leasing/financing provides durable strategic advantages: access to group assets, industry relationships and integrated logistics customers. This specialization supports recurring lease revenues and long-term contract opportunities.
Negative Factors
High leverage
A debt-to-equity ratio of ~3.1x leaves the company highly exposed to revenue swings and interest cost variability. In a cyclical shipping market, elevated leverage constrains financial flexibility, increases refinancing risk, and amplifies downside for shareholders during downcycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Parent group & specialized leasing model
Being part of the COSCO SHIPPING group and focused on vessel leasing/financing provides durable strategic advantages: access to group assets, industry relationships and integrated logistics customers. This specialization supports recurring lease revenues and long-term contract opportunities.
Read all positive factors
COSCO SHIPPING Development Co (2866) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$28.74B
Dividend Yield4.16%
Average Volume (3M)16.92M
Price to Earnings (P/E)19.6
Beta (1Y)0.84
Revenue Growth-8.82%
EPS Growth11.45%
CountryHK
Employees16,794
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.08
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, research, develops, manufactures, and sells containers in the United States, Asia, Hong Kong, Mainland China, Europe, and internationally. It operates through Container Manufact...
How the Company Makes Money
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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
1.02
Negative
1.10
Negative
1.11
Negative
Market Momentum
-0.04
Negative
32.28
Neutral
26.32
Neutral
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 above the 20-day moving average (MA) of 0.92, above the 50-day MA of 1.02, and below the 200-day MA of 1.11, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 32.28 is Neutral, neither overbought nor oversold. The STOCH value of 26.32 is Neutral, 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$86.99B | 8.89 | 48.55% | 9.80% | 11.50% | 17.54% | |
71 Outperform | HK$83.47B | 6.84 | 11.33% | 12.81% | -9.21% | -41.30% | |
65 Neutral | HK$236.60B | 8.09 | 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$13.86B | 39.70 | 2.51% | 2.88% | -19.46% | -55.11% | |
55 Neutral | HK$95.54B | 15.00 | 9.13% | 4.76% | 2.50% | -2.32% | |
46 Neutral | HK$28.74B | 19.60 | 5.00% | 4.16% | -8.82% | 11.45% |
* Industrials Sector Average
HK:2866
COSCO SHIPPING Development Co
0.89
-0.15
-14.18%
HK:1919
COSCO SHIPPING Holdings Co
13.54
0.84
6.58%
HK:1138
COSCO SHIPPING Energy Transportation Co
14.55
8.19
128.70%
HK:0316
Orient Overseas (International)
126.40
-1.72
-1.34%
HK:2343
Pacific Basin Shipping
2.90
0.84
40.57%
HK:1308
SITC International Holdings Co., Ltd.
33.66
10.81
47.33%
COSCO SHIPPING Development Co Corporate Events
COSCO SHIPPING Development Orders 24 Vessels and Seals 20-Year Leasing Deal
Jun 30, 2026
COSCO SHIPPING Development Co., Ltd. has approved plans to expand its fleet by acquiring 24 new vessels through 2026 shipbuilding contracts with Dalian Heavy Industry and China State Shipbuilding Group. The order includes twenty 87,000 DWT multipu...
COSCO SHIPPING Development Wins Shareholder Backing for Dividend, Board and Governance Moves
Jun 30, 2026
COSCO SHIPPING Development Co., Ltd. announced that all resolutions proposed at its 2025 annual general meeting and corresponding class meetings held in Shanghai on 30 June 2026 were approved by poll. The company confirmed the voting structure, in...
COSCO SHIPPING Development Updates Final 2025 Dividend Terms for H Shareholders
Jun 30, 2026
COSCO SHIPPING Development Co., Ltd., a Hong Kong-listed arm of the COSCO SHIPPING group, serves investors in both mainland China and overseas markets through its H shares and Stock Connect links. Its role within China’s shipping and logisti...
COSCO SHIPPING Development Updates Final 2025 Dividend and Tax Arrangements
Jun 5, 2026
COSCO SHIPPING Development has announced an updated final cash dividend for the financial year ended 31 December 2025 of RMB 0.015 per share, subject to shareholder approval on 30 June 2026. The dividend for H-share holders will be paid in Hong Ko...
COSCO SHIPPING Development Sets AGM to Approve Dividend, Auditor Appointments and Key Agreements
Jun 5, 2026
COSCO SHIPPING Development Co., Ltd. has called its 2025 annual general meeting for 30 June 2026 in Shanghai, where shareholders will review the board report, audited financial statements and auditors’ report for the year ended 31 December 2...
COSCO SHIPPING Development Seeks Approval for A Share Repurchase Mandate
Jun 5, 2026
COSCO SHIPPING Development has called an H Shareholders’ class meeting in Shanghai on 30 June 2026 to vote on a special resolution granting the board an A Share Repurchase Mandate. The mandate would allow the company to buy back up to 10% of...
COSCO SHIPPING Development Flags U.S. Antitrust Probe Involving Container Subsidiary
May 22, 2026
COSCO SHIPPING Development has disclosed that its subsidiary, Shanghai Universal Logistics Equipment, was named by the U.S. Department of Justice among several container manufacturers and individuals accused of conspiring to restrict output and fi...
COSCO SHIPPING Development to Acquire Ten Bulk Carriers via Novation Deals
May 21, 2026
COSCO SHIPPING Development Co. is expanding its role as a vessel-owning and leasing platform within the COSCO SHIPPING ecosystem, focusing on bulk carrier assets that support dry bulk logistics. The company uses dedicated subsidiaries to acquire a...
COSCO SHIPPING Development Seeks Shareholder Backing to Re-elect Board
May 21, 2026
COSCO SHIPPING Development Co., Ltd. has proposed the re-election of several members of its eighth session board, including executive, non-executive and independent non-executive directors, in line with PRC company law and stock exchange governanc...
COSCO SHIPPING Development to Rotate Auditors, Taps BDO for 2026 Mandate
May 21, 2026
COSCO SHIPPING Development Co., Ltd. plans to rotate its auditors in line with Chinese regulatory requirements on state-owned and listed enterprises and its own corporate governance objectives, ending the long-running mandates of ShineWing and SHI...
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...
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.