abugarcia6500c3catfishspecial| Citigroup: Maintain COSCO Shipping Port's "Buy" rating and lower target price to HK$6.1

Citi released a research report saying that COSCO Shipping Ports (01199) will be transferred to the fiscal year 2024 - 2025abugarcia6500c3catfishspecialrevenue and core earnings forecasts will be reduced by an average of approximately 5% and 9% respectively to reflect the company's slowdown in throughput growth. In addition, Citi's revised earnings forecast for the company's fiscal year 2024 - 2026 is in line with market expectations at a high of 3%. The bank therefore set the target price of COSCO Shipping Port from 6abugarcia6500c3catfishspecialHK$.12 was downgraded to HK$6.1, maintaining the "Buy" rating.