Haifeng International (01308) rose more than 4%. As of press release, it rose 3.95% to HK$16.3, with a turnover of HK$406.58 million.
The Zhitong Finance App learned that Haifeng International (01308) rose by more than 4%. As of press release, it had risen 3.95% to HK$16.3, with a turnover of HK$406.58 million.
According to the news, in today's intraday, the main futures contract on the consolidated index (European line) increased by 4% and is now reported at 2,675 points. SDIC Futures pointed out that at present, the benefits of the airline's May fare increase have been fully released. Further observation is needed to see if the loading rate will continue to remain high after the holiday season, which may be expected to spur a new round of upward movements by airlines.
Morgan Stanley issued a report raising Haifeng International's net profit forecast for this year and next two years by 12% and 5%, respectively, mainly considering that the company's cost savings were better than expected due to disruptions caused by the Red Sea incident. At the same time, the net profit forecast for the next year was set at 473 million US dollars. The bank maintains its “in sync with the market” rating because the spot market is still under pressure. New ship deliveries are expected in the second half of the year, causing the company to face downside risks. This will put pressure on long-distance freight rates, which may also affect the trans-Asian market.