- Cosco Energy’s net income for the financial year was 3.35 billion yuan, a significant increase from last year’s 1.46 billion yuan.
- However, the company’s net income still fell short of the estimated 4.14 billion yuan.
- Revenue stood at 21.91 billion yuan, marking an 18% year-on-year increase.
- The final dividend per share was 35 RMB cents, more than double the previous year’s 15 RMB cents.
- For 2024, Cosco Energy has set main operating targets of generating an expected operating income of 22.3 billion yuan and incurring operating costs of 15.8 billion yuan.
- The company has received positive feedback from the market with 10 buys, 0 holds, and 0 sells.
- All comparisons to past results are based on values reported by from the company’s original disclosures.
Cosco Shipping Energy Transportation Co. Ltd. (H) on Smartkarma
Cosco Shipping Energy Transportation Co. Ltd. (H) has been receiving coverage from top independent analysts on Smartkarma, an independent investment research network. One such analyst is Osbert Tang, CFA, who recently published a bullish research report on the company titled “COSCO Shipping Energy (1138 HK): Time for Another Look“. According to Tang, the recent decline in CSET’s share price is due to lower VLCC rates and earnings downgrades in 3Q23, but 4Q23 rates have rebounded. Additionally, re-routing of ships and increased energy security needs are expected to drive demand for the company’s services, leading to potential growth in the future. Tang also highlights that the medium-term supply pressure for CSET is mild and the company’s ROE is expected to increase from FY23-25F.
A look at Cosco Shipping Energy Transportation Co. Ltd. (H) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Cosco Shipping Energy Transportation Co. Ltd. (H) is a company that offers marine shipping services. Their main focus is on transporting refined oil and crude oil, but they also provide services for shipping iron ores, dry bulks, coal, and other products. The company has received high scores across the board on the Smartkarma Smart Scores, with a value score of 5, dividend score of 4, growth score of 5, resilience score of 2, and momentum score of 5.
These scores indicate a positive long-term outlook for Cosco Shipping Energy Transportation Co. Ltd. (H). With a high value score, the company is considered to be undervalued and has potential for growth. The dividend score of 4 suggests that the company also offers a steady return for investors. Additionally, the growth score of 5 shows that the company is expected to see significant growth in the future. However, the resilience score of 2 indicates that the company may face some challenges in the face of economic downturns. Overall, the momentum score of 5 suggests that the company is on a positive trajectory and is worth considering for long-term investment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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