Cosco Shipping says won't feel trade spat bite

Thursday, October 11, 2018

Cocso Shipping (1199) predicts that the trade war between the United State and China will have only a limited impact on the company.

Vice president Zhang Wei said Cosco has changed its business strategies from focusing on China and Hong Kong to the worldwide market to diversity risk.

The company has been tendering for projects or land in Southeast Asia, he said.

He also believes the company’s share price is undervalued.