Hong Kong-listed Cosco Pacific recorded a gain of $86.94m in the three months to the end of September, an 8% year-on-year improvement.

Barclays Capital notes the company returned a stable profit margin of 7.9%.

“We remain positive on its long-term outlook as we regard it as well positioned to capitalize on expansion opportunities and continue to rate it as our top pick in the ports space,” Barclays' analysts said.

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