Zhi Tong Cai Jing·2025-11-18 03:47Core Viewpoint - China COSCO Shipping Development Co., Ltd. (中远海发) shares have dropped over 4%, currently trading at 1.2 HKD, with a trading volume of 13.68 million HKD, influenced by recent economic data and Federal Reserve statements [1] Group 1: Market Impact - The release of the October U.S. CPI and employment data has been delayed due to government shutdown, raising concerns that it may never be published [1] - Several Federal Reserve officials have made hawkish statements, creating uncertainty about potential interest rate cuts [1] - Market expectations for interest rate cuts have significantly decreased, with the probability of a rate cut in the December meeting dropping to 42.9%, a decline of nearly 50 percentage points since mid-October [1] Group 2: Company Financials - According to Tianfeng Securities, as of June 30, China COSCO Shipping Development had 5.1 billion RMB in fixed-rate borrowings and 1.4 billion USD (approximately 10.1 billion RMB) in fixed-rate borrowings [1] - The company also has 10.4 billion RMB in floating-rate borrowings and 6.9 billion USD (approximately 49.7 billion RMB) in floating-rate borrowings [1] - If the Federal Reserve cuts rates, the interest expenses on floating-rate USD borrowings could decrease significantly, with a 1 percentage point drop in USD rates potentially reducing interest expenses by nearly 500 million RMB, which would have a substantial impact on total profits [1]