UBS: Raises target price for COSCO SHIPPING International (01308.HK) to 33.8 Hong Kong dollars, positive outlook on second quarter volume and freight rates.

CC Financial APP learned that UBS has released a research report stating that it has raised its profit forecast for Hai Feng International (01308.HK) for the years 2026 to 2027 by 1% to 6% to reflect stronger than expected volume and freight rates this year, but remains cautious about the overall expansion of feeder ship fleets after 2027. The bank reiterated its "neutral" rating and raised its target price from 30 Hong Kong dollars to 33.8 Hong Kong dollars.