Hong Kong: In Citi analyst Rigan Wong’s last issue as primary author for Asia Shipping Wave before he leaves the company and heads back to Singapore, he has picked a number of shipping lines to buy and sell.
“Within the [container] sector, we prefer companies with prudent management and/or emerging market exposure,” Wong wrote in a report out today. Citi’s buys for the container sector are Neptune Orient Lines, Orient Overseas International, SITC International, and Wan Hai Lines. Citi has a sell rating on CSCL.
Meanwhile, on the dry bulk side Citi has sell ratings on China COSCO and Pacific Basin and a neutral on China Shipping Development. [15/03/13]
