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Sinotrans Shipping Early trading falls 3.04% Goldman Sachs maintains buy rating

Source: Internet
Author: User
Keywords Hong Kong dollar ships shipping
Tags analysis based buy rating company date drop index market
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Sinotrans Shipping (00368-HK) dropped 3.04% in early trading, reported 3.19 Hong Kong dollars, a deal of HK $4.8758 million, the stock market in early trading, the index fell 2.06%. Despite news that the company agreed to buy 3 ships at a price of 96.8 million dollars.　　But traders say traders are still wary of the future of the shipping industry. The shares fell as early as the shipping unit as the Baltic Dry Bulk Shipping Index recently weakened, with a 20.5% drop to date in the index month. But Goldman Sachs says it is bullish on Sinotrans shipping, which could add value to the purchase of ships based on a preliminary analysis of the bank. Goldman, which maintains the stock-buying rating, is reviewing target prices and earnings forecasts, depending on further disclosure of details of the ship's operating plan.

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