Hong Kong's COSCO SHIPPING Ports H1 revenue rises on higher throughput and rate hikes

COSCO SHIPPING Ports

28/08/2026 09:59

Overview
Hong Kong port operator's H1 revenue rose 12.3% yr/yr on higher throughput and rate hikes
Net profit attributable to equity holders up 28.5% yr/yr, driven by gains at key terminals

Outlook
Company will continue to optimise its global terminal network resource allocation

Result Drivers
THROUGHPUT GROWTH - Co said higher overall throughput, especially at newly commissioned and key terminals, drove revenue and profit increases
RATE HIKES - Co said rate hikes at terminals including Piraeus and Tianjin contributed to revenue growth
PROVISION REVERSAL - Co said reversal of a prior provision boosted other operating income

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
Beat
$905.30 mln
$857.78 mln (1 Analyst)
H1 Net Income Attributable
 
$233.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the marine port services peer group is "buy"
Wall Street's median 12-month price target for COSCO SHIPPING Ports Ltd is HK$5.68, about 8.7% above its August 27 closing price of HK$5.23
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 28 - Hong Kong's China Merchants Port H1 revenue rises on business volume growth
Aug 28 - China's Qingdao Port interim revenue rises on container business growth
Aug 27 - Tianjin Port Development's half-year revenue, profit rise on higher cargo volumes

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-28/55728032-0200-4df7-a770-ba8550a318c2.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)