Yang Ming grows revenue 69.94 percent. Analysts see 18.00 percent upside for Yang Ming stock

Published on 10/08/2026 at 11:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached TWD 5.73 billion, up from TWD 1.44 billion. Analysts set a TWD 70 median target for Yang Ming stock.

Yang Ming, TW0002609005, Illustration mit AI erstellt.

Yang Ming reported September revenue of TWD 216.99 billion, up 69.94 percent from the same month of 2025, while analysts see 18.00 percent upside for Yang Ming stock. ETtoday published the revenue figures on October 8, 2026, citing stronger peak-season demand and firmer freight rates.

September revenue accelerates

The September result followed August revenue of TWD 216.11 billion, giving Yang Ming two consecutive months above TWD 200 billion. September revenue also increased 0.41 percent from August, a smaller monthly gain than the 69.94 percent annual increase.

The operating backdrop remains mixed. ETtoday reported that 2026 container supply growth was forecast at 4.70 percent, compared with 2.50 percent demand growth, while port congestion continued to restrict effective capacity.

Profit rebound improves the comparison

Yang Ming's second-quarter net income was TWD 5.73 billion, compared with TWD 1.44 billion in the first quarter. Quarterly revenue rose from TWD 38.66 billion to TWD 45.92 billion over the same period, according to Investing.com.

The second-quarter earnings comparison matters because it shows operating leverage during the freight recovery. Net income increased faster than revenue, but the company remains exposed to freight rates, fuel costs, port congestion and the balance between new vessel supply and cargo demand.

Analyst target stays above the market

ToAlpha reported a five-analyst consensus with a median target of TWD 70 and 18.00 percent upside. The same page lists three Buy ratings, two Hold ratings and zero Sell ratings, making the target a consensus measure rather than a single-house forecast.

Yang Ming's market capitalization stood at TWD 208.5 billion on October 8, 2026. The combination of TWD 216.99 billion in September revenue and TWD 5.73 billion in second-quarter net income gives the stock a stronger earnings base than its first-quarter comparison, while the supply outlook remains the key counterweight.

Yang Ming stock keeps its shipping exposure

Yang Ming Marine Transport Corporation operates container shipping and related maritime services from Taiwan. The investor-relations page lists consolidated financial reports for 2025, while the latest reported quarterly figures point to a recovery led by freight demand rather than a stable long-term margin profile.