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Brokers' take

Published Tue, Aug 8, 2017 · 09:50 PM

Cosco Shipping International | Hold Target price: S$0.27 August 8 close: S$0.30 DBS Group Research, August 8

Cosco Shipping International (Cosco)'s net losses seemed to have narrowed in H1 17. Parent's proposed buyout eliminates insolvency risk, which would otherwise be a key overhang at an alarmingly high net gearing of 23x. Existing investors could hold on for more clarity o…

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