Another grim day’s trading for China’s shipping behemoths

Hong Kong: It has been another horrendous day on the Hong Kong stock exchange for two of China’s most significant maritime players. China Cosco Holdings, the flagship of the Cosco Group, reported a widening interim loss of RMB4.87bn, while China Shipping Container Lines saw interim losses double to RMB1.28bn. Both stocks took a pounding on the exchange today, and are set to fall further with many analysts slashing their price forecasts for the pair.  [30/08/12]

Related Posts