Brokers' Take

Cosco Corporation (S'pore)

CIMB-GK, Nov 23

CIMB-GK RAISES COSCO'S TARGET PRICE TO $2.57

COSCO Corp has just added new contracts that will strengthen its order book from $165 million to $785 million, said CIMB-GK.

'The early commencement of the contracts also leads us to surmise that more contracts will be forthcoming, especially given the massive capacity expansion on the cards,' said CIMB-GK, which has raised its target price to $2.57 from $2.17. It maintained its 'outperform' rating.

CIMB-GK, Nov 23
Rating: OUTPERFORM