The Zhitong Finance App learned that Xiangxing International (01732) rose more than 13%. As of press release, it rose 13.44% to HK$0.21, with a turnover of HK$5.19 million. It is worth mentioning that the company's stock price had previously plummeted 52% for 2 consecutive trading days.
According to reports, Xiangxing International Holdings Co., Ltd. is an investment holding company. The company and its subsidiaries are mainly responsible for providing import and export agency services, container road freight forwarding services, in-port supporting services and in-port container transportation services. Import and export agency services include the import of reusable solid waste. Supporting services in the port include handling of containers and bulk/general cargo in international and domestic trade, ship berthing and berthing services, and auxiliary services related to coordinating container entry inspection within the port area and other ancillary services.
In 2022, orders for container ships were full, and orders for tankers have gradually increased this year. Wang Huajun, chief analyst of the machinery defense industry at Zheshang Securities, said that at present, orders from major domestic shipyards have been scheduled until 2026, and even some production line orders have been scheduled until 2028. Wang Huajun expects the profits of many leading shipping companies to enter an upward cycle. He is optimistic about investment opportunities for listed companies related to the shipping industry.