COSCO SHIPPING Ports Delivers Higher Q1 Throughput and Revenue on Strong Joint Venture Performance

COSCO SHIPPING Ports reported a 10.3% year-on-year increase in Q1 2026 revenue to US$420.9 million, with profit attributable to equity holders rising 2.0% to US$85.6 million. Total throughput grew 8.9% to 38.9 million TEU, driven by strong performance at non-controlling terminals. The company's share of profits from joint ventures increased 13.6% to US$90.2 million. Despite a 13.6% rise in costs limiting gross profit growth to 1.7%, the balance sheet remains solid with total assets of US$12.8 billion. The current analyst rating for the stock is a Hold with a price target of HK$5.51.