HSBC upgrades target for Evergreen Marine stock to TWD 300.00

Published on 10/21/2026 at 12:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached TWD 191.67 billion and parent profit TWD 24.34 billion. Evergreen Marine stock has a TWD 271.60 average target.

Revenue and analyst reassessment

HSBC changed its Evergreen Marine view on October 9, 2026, setting a TWD 300.00 target.
First-half 2026 operating revenue reached TWD 191.67 billion, while parent-attributable profit was TWD 24.34 billion.
Third-quarter 2026 cumulative revenue stood at TWD 146.78 billion, up 51.40 percent year over year.

Evergreen Marine, TW0002603008, Illustration mit AI erstellt.

Evergreen Marine (ISIN TW0002603008) received a higher-profile analyst signal on October 9, 2026, when HSBC upgraded the stock to Buy from Reduce and set a TWD 300.00 price target, according to MarketScreener. The change arrived as Evergreen Marine's operating figures pointed to a strong shipping cycle.

Analyst targets moved in October

The HSBC action followed a more cautious call. MarketScreener reported that Masterlink Securities downgraded Evergreen Marine to Hold from Buy on October 5, 2026, with a TWD 265.00 target.

MarketScreener lists a TWD 271.60 average target from 10 analysts. That figure is 4.66 percent above the TWD 259.50 closing price on the Taiwan Stock Exchange on October 20, 2026, keeping the valuation discussion tied to freight rates and earnings durability.

What does the revenue trend mean?

Evergreen Marine reported first-half 2026 operating revenue of TWD 191.67 billion, gross profit of TWD 37.37 billion and parent-attributable profit of TWD 24.34 billion, according to Quartr on October 8, 2026. The company generated 92.96 percent of revenue from marine freight in that period.

The latest monthly data extended the same pattern. SeaNews reported on October 15, 2026, that third-quarter cumulative revenue reached TWD 146.78 billion, up 51.40 percent year over year, while September revenue rose 63.80 percent to TWD 49.71 billion.

Three dates reset the debate

On October 5, 2026, Masterlink Securities moved to Hold with a TWD 265.00 target, according to MarketScreener. On October 9, 2026, HSBC upgraded the stock and set TWD 300.00. On October 15, 2026, SeaNews reported TWD 146.78 billion in third-quarter cumulative revenue, up 51.40 percent year over year.

Stock closes at TWD 259.50

Evergreen Marine closed at TWD 259.50 on the Taiwan Stock Exchange on October 20, 2026. The gap between that close and the TWD 271.60 average target leaves freight rates, fleet capacity and contract pricing as the key variables for the next earnings discussion.