[DBS: Raise the target price of COSCO SHIPPING Holdings to HK$18.4 and maintain the "hold" rating] On September 1, DBS issued a research report saying that it raised COSCO SHIPPING Holdings' 2026 revenue and profit forecasts by 5% and 38% to reflect better-than-expected performance in the first half of the year and higher freight assumptions. The target price was raised from HK$14.2 to HK$18.4, based on 1 times the forecast price-to-book ratio in 2027, and the "hold" rating was maintained. The company's forecast dividend rate in 2026 is about 6%, providing downward support. COSCO Shipping Holdings' net profit attributable to its parent company in the first half of the year reached 13.4 billion yuan, a year-on-year decrease of 24%. The performance was better than the bank's expectations, mainly benefiting from a stronger-than-expected rebound in freight rates in the second quarter. Management expects freight rates to remain high in the third quarter and gradually fall back in the fourth quarter as freight growth slows.