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<Research>BofAS Keeps Underperform on COSCO SHIP HOLD/ OOIL as Container Shipping Industry Yet to Pass Worst Phase
Recommend 8 Positive 11 Negative 7 |
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The container shipping industry has not yet passed its worst phase, and the pressure from oversupply and the reopening of the Red Sea route is likely to lead to an EBIT loss in 2026, BofA Securities said in its research report. In BofA Securities' estimate, the container shipping industry will be dragged down by significant growth in vessel supply in 1H26 and will face increasing pressure from the prospect of the Red Sea reopening in 2H26. BofA Securities has maintained an Underperform rating on COSCO SHIP HOLD (01919.HK) and OOIL (00316.HK). It suggested that investors should pay close attention to negative news regarding the restoration of the Red Sea route and the risk of further declines in spot freight rates as port congestion eases and seasonal factors weaken. AAStocks Financial News |
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