---
title: "Morgan Stanley lowered the target price for COSCO Ship Hold to 21 yuan and upgraded the earnings forecast rating to \"Overweight.\""
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282509265.md"
description: "JP Morgan lowered the target price for COSCO Ship Hold to HKD 21 and reduced its A-share target price to RMB 22, maintaining a \"buy\" rating. Due to geopolitical tensions, global supply chains are tightening, and spot freight rates are rising. COSCO Ship Hold has resumed bookings in the Middle East market, and it is expected that fiscal year 2025 profits will exceed expectations, with fourth-quarter net profit being four times the forecast and annual net profit exceeding 10%. The company maintains a 50% dividend payout ratio, focusing on network expansion and digitalization"
datetime: "2026-04-13T08:05:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282509265.md)
  - [en](https://longbridge.com/en/news/282509265.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282509265.md)
---

# Morgan Stanley lowered the target price for COSCO Ship Hold to 21 yuan and upgraded the earnings forecast rating to "Overweight."

JP Morgan published a research report, updating the forecast model for COSCO Ship Hold (01919.HK). The target price for H shares was slightly lowered from HKD 22 to HKD 21, while the target price for A shares of COSCO Ship Hold (601919.SS) was reduced from RMB 25 to RMB 22, maintaining a rating of "Overweight."

The bank stated that escalating geopolitical tensions have led to further tightening of global supply chains. Maersk and Hapag-Lloyd recently suspended Red Sea routes, and spot freight rates have risen since March, contrary to the traditional off-season. COSCO Ship Hold has resumed bookings in major markets in the Middle East, avoiding conflict areas by delivering through ports outside the Strait of Hormuz and inland, while maintaining strong demand and cost discipline.

JP Morgan indicated that COSCO Ship Hold's earnings for the fiscal year 2025 far exceeded expectations, with fourth-quarter net profit being four times the bank's forecast and annual net profit 10% higher than previous estimates. The company maintains a 50% payout ratio, with management focusing on network expansion, vertical integration, and digitalization. The bank raised its adjusted earnings per share estimates for COSCO Ship Hold for 2026 and 2027 by approximately 4.9% and 8.8%, respectively

### Related Stocks

- [601919.CN](https://longbridge.com/en/quote/601919.CN.md)
- [01919.HK](https://longbridge.com/en/quote/01919.HK.md)

## Related News & Research

- [A Look At COSCO SHIPPING Holdings (SEHK:1919) Valuation After Mixed Recent Share Price Performance](https://longbridge.com/en/news/284043018.md)
- [Hải Phòng port receives ultra-large container vessel](https://longbridge.com/en/news/283803626.md)
- [COSCO SHIPPING Holdings reports FY results](https://longbridge.com/en/news/279664869.md)
- [COSCO SHIPPING resumes new container bookings for Mideast shipments](https://longbridge.com/en/news/280435152.md)
- [DBS Sticks to Its Hold Rating for COSCO SHIPPING Holdings Co (CICOF)](https://longbridge.com/en/news/279870159.md)