Last night, Zhenhua Heavy Industry announced that it planned to sell no more than 55.61 million shares of COSCO Shipping Holdings at an appropriate opportunity. Three years ago in 2019, the cost of ZPMC’s purchase of COSCO SHIPPING Holdings was 3.78 yuan per share. Now the price

2024/05/0112:41:32 hotcomm 1847

Author: Yang Lei Editor: Xiao Shimei

Shipping giant COSCO Shipping Holdings (601919) plans to be reduced by its major shareholders.

Last night, Zhenhua Heavy Industries (600320) announced that it would choose an opportunity to sell no more than 55.61 million shares of COSCO Shipping Holdings.

html In 2019, 43 years ago, the cost of ZPMC’s purchase of COSCO SHIPPING Holdings was 3.78 yuan per share. Now, the price of COSCO SHIPPING Holdings has risen to more than 29 yuan, and ZPMC’s floating profit is nearly 7 times.

Affected by this, COSCO Shipping Holdings fell more than 4% during the session today, and closed down 1.46% as of press time. Zhenhua Heavy Industry Co., Ltd. opened at the daily limit, but fell back and closed up only 5.57%.

In the announcement, ZPMC said that the sale of COSCO SHIPPING Holdings shares will help optimize the company's asset structure, speed up capital turnover, and improve the efficiency of asset operations. However, some investors believe that after the sharp rise in the price of COSCO Shipping Holdings, major shareholders have increased their willingness to reduce their holdings.

Flush market chart shows that COSCO Shipping Holdings has entered a rising range since June last year, with its stock price rising from more than 3 yuan to a maximum of 30 yuan, an increase of more than 9 times.

The stock price of this company is moving so violently that it exceeds the market trend. Over the years, COSCO Shipping Holdings has been labeled a "bear stock" because the company has been on a slow decline for more than ten years since its stock price peaked in 2007.

COSCO Shipping Holdings, formerly known as China COSCO , was very popular when it was listed in 2007. After its listing, its market value was hyped to more than 600 billion. However, due to the sluggish international shipping market, the company's performance suffered losses and declined, and the stock price once fell by more than 80% from its high.

After entering 2020, due to the impact of the new crown epidemic, global shipping costs have shown a "rocket" rise. This year, due to factors such as the Suez Canal ship jam and the outbreak of the epidemic in Guangdong, global shipping rates have been pushed up again. At this point, the profits of shipping companies such as COSCO Shipping Holdings have increased significantly.

data shows that in the first quarter, COSCO Shipping Holdings’ revenue increased by 79.58% year-on-year, and the net profit attributable to shareholders of the parent company increased by 5200.62% year-on-year.

COSCO Shipping Holdings is a typical cyclical stock. The rise in its stock price in the past year is entirely related to the shipping boom. If the global shipping market continues to boom, COSCO Shipping Holdings will still have investment value. However, after the stock price rose sharply, the profit margin in the future market has shrunk significantly.

What we need to pay more attention to is that there is a phenomenon that often occurs in cyclical stocks, that is, when performance peaks, the stock price also peaks.

Disclaimer

This article involves content about listed companies and is the author’s personal analysis and judgment based on the information publicly disclosed by listed companies in accordance with their legal obligations (including but not limited to temporary announcements, periodic reports and official interactive platforms, etc.); the content in the article The information or opinions do not constitute any investment or other business advice and Market Cap Watch disclaims any liability for any actions resulting from this article.

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