COSCO SHIPPING Development Co., Ltd. (CITAF) Research

COSCO SHIPPING Development Co., Ltd., identified by the symbol CITAF, functions as a diversified enterprise and, through its various subsidiaries, primarily delivers vessel chartering and container leasing services. Its business operations are structured into three distinct divisions: Shipping and Industry-Related Leasing, Container Manufacturing, and Investment and Financial Services. The company is involved in the fabrication and sale of shipping containers, alongside offering a range of leasing options, including operational leasing. Furthermore, it provides specialized financial leasing solutions tailored for critical sectors such as healthcare, education, energy, construction, and industrial communications. The firm also participates in equity and debt investment activities and offers insurance brokerage services. As of December 31, 2021, its fleet comprised 74 container ships. Founded in 1997 and headquartered in Shanghai, People's Republic of China, the company was previously known as China Shipping Container Lines Company Limited before adopting its current name in December 2016.

Market snapshot

Symbol
CITAF
Price
$0.12
Day change
0.00%
Market cap
$23.0B
P/E ratio
20.29x
52-week range
0.1193-0.1897
Sector
Industrials
Industry
Marine Shipping
Next earnings
in 2 months

Peer companies

  • Ayala Corporation (AYALY)
  • Ayala Corporation (AYYLF)
  • COSCO SHIPPING Ports Limited (CSPKF)
  • COSCO SHIPPING Ports Limited (CSPKY)
  • Hitachi Construction Machinery Co., Ltd. (HTCMF)
  • Jiangsu Expressway Company Limited (JEXYF)
  • MISC Berhad (MIHDF)
  • Promotora y Operadora de Infraestructura, S. A. B. de C. V. (PYOIF)

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