The Zhitong Finance App learned that CIMC Group (02039) rose by nearly 6% in early trading, with a cumulative increase of more than 40% during the year. As of press release, it rose 3.43% to HK$6.93, with a turnover of HK$19.693 million.
According to the news, the State Council recently issued the “Action Plan to Promote Large-Scale Equipment Renewal and Consumer Goods Trade-In”. Guotai Junan said earlier that as senior officials continue to thoroughly interpret the equipment renewal policy, relevant policy rules are expected to be introduced one after another, effectively driving the actual implementation of equipment updates. Recommended for the container industry, which mainly focuses on supply contraction and renewal cycles.
Changjiang Securities previously stated that containers are expected to bottom out in 2024, mainly due to the fact that the recovery in global commodity trade is expected to drive a recovery in demand for shipping; the release of huge demand to replace used containers; the last round of demand for used boxes during the peak of 2008-2011 and the replacement demand for used containers that were delayed due to the imbalance between supply and demand in '21 is expected to be released. As demand in the container industry picks up in 2024, the company, as a leading container manufacturer, is expected to fully benefit from the recovery in industry demand.