Analysis: Time to think ‘constructively’ about Cosco

Cosco Shipping Holdings has just delivered the kind of second-quarter rebound that should reassure container-shipping investors. As disclosed at the end of last week, revenue rose 17.6% year on year to Rmb60.1bn (US$8.9bn), while profit attributable to equity holders rose 29.1% to Rmb7.5bn (US$1.1bn). Yet the stronger quarter sits awkwardly beside the first-half picture: attributable profit was st Read full article →