Credit Suisse raises DP World rating

DUBAI - DP World, the world’s third-largest port operator, is set to benefit in the long term from its presence in regions that have been less hit by the economic downturn and from investments in its existing and new facilities, Credit Suisse said.

By (Reuters)

Published: Thu 16 Feb 2012, 11:16 PM

Last updated: Tue 7 Apr 2015, 11:17 AM

The brokerage upgraded DP World to “outperform” from “neutral”, and said it expects a softer slowdown of global container volumes growth.

DP is geographically hedged as growth has resumed at most of its markets, including the UAE and Latin America, which saw milder downturns, analyst Vincent Resillot said. In 2015, DP will see the advantages of investing in cheap capacity in its existing facilities in modern ports.

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