HSBC cuts target for Evergreen Marine stock to TWD 200.00
Published on 10/13/2026 at 14:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
HSBC downgraded Evergreen Marine from a TWD 270.00 target to TWD 200.00 and assigned a Sell view on September 4, 2026, according to Investing.com. The target is 24.24 percent below the TWD 264.00 stock price, a gap that makes the valuation signal more cautious than the day's market move.
Next earnings date is November 18
Evergreen Marine is scheduled to report its next earnings on November 18, 2026, according to Investing.com. That date gives investors the next concrete checkpoint for testing whether recent container-shipping earnings can support the current price level.
Stock reaches the top of its yearly range
Evergreen Marine last stood at TWD 264.00 on the Taiwan Stock Exchange on October 13, 2026 at 1:30 p.m. TST, up 3.33 percent from the TWD 255.50 close on October 12, 2026. The TWD 178.00 to TWD 264.00 52-week range places the stock at its reported yearly high, while trading volume reached 61,761,956 shares against an average volume of 11,347,723.
The market capitalization was TWD 571.6 billion on October 13, 2026, and the price-to-earnings ratio stood at 10.48. The 10.48 multiple is higher than Wan Hai Lines' 8.35 but lower than Yang Ming Marine Transport's 14.56, giving the valuation comparison a clear middle position within this shipping peer group.
Comparison with peers
Evergreen Marine (Taiwan Stock Exchange, TWD): plus 3.33 percent, price-to-earnings ratio 10.48, market capitalization TWD 571.6 billion
Wan Hai Lines (Taiwan Stock Exchange, TWD): plus 0.41 percent, price-to-earnings ratio 8.35, market capitalization TWD 340.9 billion
Yang Ming Marine Transport (Taiwan Stock Exchange, TWD): plus 1.42 percent, price-to-earnings ratio 14.56, market capitalization TWD 225.2 billion
Price position and investor perspective
The price move leaves Evergreen Marine at the top of its 52-week range, while HSBC's TWD 200.00 target remains 24.24 percent below the latest TWD 264.00 quote. The November 18, 2026 earnings date is the next scheduled event that can test whether the current valuation is supported by operating results.
Evergreen Marine market data
- Company: Evergreen Marine Corporation (Taiwan) Ltd.
- ISIN: TW0002603008
- Ticker: 2603.TW
- Primary exchange: Taiwan Stock Exchange
- Price on Taiwan Stock Exchange as of October 13, 2026 at 1:30 p.m. TST: TWD 264.00
- Change versus October 12, 2026 close: plus 3.33 percent
- October 12, 2026 close: TWD 255.50
- Market capitalization: TWD 571.6 billion (as of October 13, 2026)
- 52-week range: TWD 178.00-TWD 264.00 (as of October 13, 2026)
- Sector / Industry: Industrials / Marine Shipping
- Next earnings date: November 18, 2026
Market context: Market report TAIEX.
