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Brokers' take

Published Tue, Mar 29, 2016 · 09:50 PM

Hutchison Port

Holdings Trust | Hold

Target price: S$0.46

March 29 close: S$0.68

OCBC Investment Research, March 29

With the merger of the Cosco and China Shipping, as well as CMA CGM's acquisition of NOL and its container carrier APL, the CKYHE Alliance, the Ocean Three Alliance and the G6 Alliance are all expected to undergo a reconfiguration; the expiration dates for the first two are coming up at the end of 2016 and early 2017 respectively. Maersk's 2M Alliance with Mediterranean Shipping is to remain in place. The recent merger and acquisition activity is a sign that shipping lines are under pressure to cut costs …

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Companies & Markets

Companies & Markets

Brokers' take

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

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