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Investing.com - UBS has upgraded China International Marine Containers A (SZ:000039) from Neutral to Buy, raising its price target to RMB10.50 from RMB8.20.
The upgrade comes as UBS anticipates offshore engineering profits could exceed expectations in 2026-27, with the firm estimating gross profit of RMB1.9 billion for this segment.
UBS projects promising prospects for deep-sea developments, estimating global capital expenditure of US$2.7 trillion over the next decade, which should drive higher order inflow for Floating Production Storage and Offloading (FPSO) and other offshore engineering manufacturing.
The financial services firm noted that CIMC’s dry container sales for the first nine months of 2025 exceeded expectations, with container demand likely to be sustained by steady growth in China’s exports and global trade as US-China tensions ease.
UBS has raised its 2026-27 earnings per share estimates by 6-8% for CIMC, positioning its forecast approximately 6% higher than the consensus among analysts.
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