Sunday, 8 May 2016

Cosco Corporation - DBS Research 2016-05-09: Watch for parent’s restructuring

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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