Hong Kong stocks surge | CSSC Offshore & Marine Engineering (00317) rose more than 4% in the afternoon, benefiting from the upturn in the industry cycle and the potential integration of assets within the group.

CSSC Offshore & Marine Engineering (00317) rose by over 4% in the afternoon. As of the time of publication, it increased by 4.25% to HKD 16.2, with a turnover of HKD 31.21 million.

Zhitong Finance44minutes ago

In May, the pickup truck market sold 45,000 vehicles, an increase of 1.7% from the previous month, according to the Joint Branch Association.

According to the Zhitong Finance APP, data released by the Pick-up Sub-Association on June 14th, 2024 showed that 45,000 pickups were sold in May, which was the same as the previous year, an increase of 1.7% on a month-on-month basis, and was at a relatively high level in the past five years.

Zhitong FinanceJun 14 05:24 ET

Hong Kong stock tracking | China's shipyards received 83% of global orders in April, and institutions are bullish on the continued prosperity of the shipbuilding market. (Concept stocks attached)

According to media reports, China's shipyards have taken a commanding lead in the global market for alternative fuel new ships in April of this year. The market research institution Clarkson Statistics showed that China's shipyards received a total of 34 orders for 2.48 million CGT (corrected gross tonnage) of new ships powered by alternative fuels in April, accounting for nearly 83% of the global market share (in terms of CGT), far ahead of shipyards in other countries. South Korean shipyards only received nine orders for 460,000 CGT of new ships powered by alternative fuels in April, accounting for only about 15% of the market share. The research report by Founder Securities points out that demand for ship types is expected to rotate, and the shipbuilding market is bullish and is expected to continue to be prosperous. Looking ahead, against the backdrop of the global manufacturing industry's recovery, along with the Israeli-Palestinian

Zhitong FinanceJun 4 22:43 ET

Hong Kong stocks surge | CSSC Offshore & Marine Engineering (00317) rose more than 4% again, with a cumulative increase of nearly 50% this year. The three major indicators of shipbuilding in Q1 maintained synchronous growth.

According to the Wisdom Financial APP, CSSC Offshore & Marine Engineering (00317) rose more than 4%, with a cumulative increase of nearly 50% this year. As of press time, it rose by 4.48% to HKD 15.4, with a turnover of HKD 20,589,600. In terms of news, the latest data released by the China Association of the National Shipbuilding Industry shows that the three major indicators of shipbuilding maintained synchronous growth in the first quarter of 2024. The national shipbuilding completion volume was 12.35 million deadweight tons, a year-on-year increase of 34.7%; new orders received amounted to 24.14 million deadweight tons, a year-on-year increase of 59.0%; and as of the end of March, the order backlog was 154.04 million deadweight tons, a year-on-year increase of 34.5%. Data.

Zhitong FinanceJun 3 23:40 ET

GF Securities: Resonance of four factors motivates shipowners to place orders. The wave of secondary orders is gradually getting closer

The Zhitong Finance App learned that Guangfa Securities released a research report saying that under the improvement of shipowners' profit centers, gradual digestion of excess capacity, imbalance in ship types and shipowner order structures, and environmental protection, the second wave of container ship orders is expected to resonate with oil tankers and bulk carriers. The shipbuilding industry cycle has long continuity and sufficient upward momentum. Continue to recommend China Shipbuilding (600150.SH), China Dynamics (600482.SH), and China Shipbuilding Defense (600685.SH,00317); it is recommended to focus on China Heavy Industries (601989.SH) and Asia

Zhitong FinanceJun 3 04:02 ET

Changes in Hong Kong stocks | China Shipbuilding Defense (00317) rose more than 5% in early trading and surged more than 45% during the year. The company is expected to benefit from a new upward shipping cycle

China Shipbuilding Defense (00317) rose more than 5% in early trading, with a cumulative increase of more than 45% during the year. As of press release, it rose 5.2% to HK$15.22, with a turnover of HK$25.573,500.

Zhitong FinanceJun 2 22:31 ET