Haifeng International (01308) rose more than 5% in the intraday period. As of press release, it rose 4.77% to HK$18.88, with a turnover of HK$114 million.
The Zhitong Finance App learned that Haifeng International (01308) rose more than 5% in the intraday period. As of press release, it had risen 4.77% to HK$18.88, with a turnover of HK$114 million.
According to the news, several shipping companies such as MSC, Maersk, and Dafei have recently announced increases in European route fares in May, boosting market sentiment. CICC believes that a number of shipping companies have recently announced price increases. Affected by detours, freight rates may remain high in the short term, increasing the certainty of profits and dividends for shipping companies this year. According to information, since April, the CCFI index has risen 25.4% year on year, down 7.0% month on month; the SCFI index has risen 79.1% year on year, down 0.9% month on month.
According to the Yamato Research Report, Haifeng International's average freight rate for the first quarter of this year fell by about 17% year on year to nearly 600 US dollars per TEU, which was affected by lower contract freight rates and a higher base for the same period last year. However, management revealed that the latest order volume shows that after March was affected by Lunar New Year holiday factors, freight volume showed strong year-on-year growth from April to May, and global demand for replenishment rebounded, which is expected to bring support.