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Cosco Pacific rises 4% Merrill Lynch raise target to 9.5 yuan

Source: Internet
Author: User
Keywords Stock price Hong Kong dollar
Tags drop exports operations port short-term short-term profits starting stock
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Cosco Pacific this morning after a significant shock, the share price rose 3.9% to HK $9.32 a half, 7.345 million shares.　　The Merrill Lynch report said it maintained its neutral rating but raised its target price from HK $8.1 to HK $9.5, a premium of 2% per cent. Merrill Lynch pointed out that while short-term profits in the Cosco Pacific are expected to be under pressure, China's exports will rebound in the future and should support share prices because its port operations will benefit from it. The stage of a sharp drop in container throughput is over. Exports are expected to stabilise in the second quarter, starting to rebound in the third quarter.

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