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Sunday 8 May 2016
Cosco Corporation - DBS Research 2016-05-09: Watch for parent’s restructuring
COSCO CORPORATION (S) LTD
F83
.SI
Cosco Corporation - Watch for parent’s restructuring
Fourth consecutive quarter of losses in 1Q16.
Net gearing of 3.9x is a concern; possible parental support?
Watch for parent’s restructuring.
Upgrade to HOLD; TP raised to S$0.30.
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