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<Research>HSBC Research Projects Earlier-than-usual Peak Season, Hikes TPs on COSCO SHIP HOLD & OOIL
Recommend 25 Positive 49 Negative 21 2025/05/13 03:22 GMT
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HSBC Global Research published a report stating that the U.S.-China tariff reductions for the next 90 days are expected to prompt the freight industry to capitalize on the tariff suspension period, leading to an earlier-than-usual peak season. In parallel, restocking demand may boost market growth, as retailers, cautious due to tariff uncertainties in April, saw inventory levels decline MoM. The broker raised its target price for COSCO SHIP HOLD (01919.HK) H-shares from HKD10 to HKD14 and A-shares from RMB12 to RMB16, maintaining a Hold rating. For OOIL (00316.HK), the target price was increased from HKD90 to HKD120, with the rating upgraded from Reduce to Hold. AAStocks Financial News |
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