Bank of America Securities: Maintains China Cosco Shipping's "Underperform" rating with a target price of HK$13.5.

Bank of America Securities has released a research report stating that it maintains a "underperform" rating on COSCO Shipping Holdings, with a target price adjusted from 0.65 times book value to 0.75 times; target price is still maintained at 13.5 Hong Kong dollars. Bank of America Securities has slightly adjusted the earnings forecast for COSCO Shipping Holdings for 2026 to 2028, with an increase of less than 1%, to reflect the performance in the second half of 2025. The forecast for net profit in 2026 is 17 billion yuan.