CMB Downgraded

Monday, February 12, 2001
KBC Securities downgraded CMB to "accumulate" from "buy" because it does not expect the Belgian shipping company to significantly outperform the market. KBC said weakening U.S. dollar and a decline in shipping rates would weigh on CMB. "CMB already said that the first half of this year should be as strong as the second half of last year," KBC said in a research note. "However, with the trend clearly down and given our view on the U.S. dollar and the stock markets for this year, the CMB share is unlikely to repeat its excellent performance of 2000," KBC said, noting the roughly 70 percent price rise last year. "We do not see CMB outperforming the market significantly from here on, and therefore we have scaled back our view on CMB from 'buy' to 'accumulate'," KBC said. - (Reuters)
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have

Continership Alliance Expands to US Trades

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2433 sec (4 req/sec)