Brokers' Take

Cosco Corporation

CIMB-GK tips Cosco as having great potential

CIMB-GK, April 4

CIMB-GK says Cosco Corporation's business is underscored by its other 'growth pistons', apart from offshore vessel construction.

'Ship repair and conversions are significant growth drivers as well,' it adds. CIMB-GK also believes that Cosco's valuations and execution capability are still underestimated.

CIMB-GK maintains a target price of $4.22 for the stock. Cosco's share price closed one cent lower at $2.83 last Thursday.

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