报告名称：Yang Ming Marine(2609.TT)Reduce：Eroded 13% of 2015 book value
报告类型：海外市场
报告日期：2016-05-17
研究机构：汇丰银行
页数：9
简介：1Q16 recurring loss widened q-o-q as expected on lower freight rates; Yang Ming joined the recently announced ˉTHE Allianceˇ
Heightened competition due to new alliances could mean continued losses for highly leveraged companies like Yang Ming
Maintain estimates, Reduce rating and target price of TWD6.0;we expect further downside to consensus estimates
下载地址：Yang Ming Marine(2609.TT)Reduce：Eroded 13% of 2015 book value
