01308 SITC
- 17.700
- +0.280+1.61%
SITC News
CICC: Freight rates may remain high in the short term to improve the certainty of profits and dividends for shipping companies this year
Recently, freight rates have continued to rise due to continued detours in the Red Sea, increased demand for US routes, shipping companies' capacity control, and pre-May Day shipments.
[Broker Focus] HSBC Research raises Haifeng International (01308) target price by 23.5% to HK$21 to maintain a “buy” rating
Jinwu Financial News | According to the HSBC Global Research and Development Report, Haifeng International (01308)'s first-quarter turnover increased 7.5% compared to the same period last year; freight rates stabilized at 597 US dollars per standard container due to rising industry costs and volume. The bank expects that market interest rates will remain fluctuating in a weak situation, but this will be enough to increase Haifeng's profits in 2024. The bank raised Haifeng's 2024 profit forecast by 9-10%, and raised the group's dividend payout ratio for 2024 and 2025-26 from 80% and 100% to 90% and 110%. Target price increased by 23.5% from HK$17 to 21
SITC To Go Ex-Dividend On April 30th, 2024 With 0.5 HKD Dividend Per Share
April 27th - $SITC(01308.HK)$ is trading ex-dividend on April 30th, 2024. Shareholders of record on May 2nd, 2024 will receive 0.5 HKD dividend per share on May 21st, 2024. The ex-dividend date is
SITC International Sees 10% Drop in Q1 Revenue
SITC International Holdings Company (HKG:1308) reported a 10% decline in revenue for the first quarter to $548.9 million from $609.6 million in the year-ago period, according to a Friday filing on the
SITC International Holdings: Decrease Due to Decrease in Average Freight Rate >1308.HK
SITC International Holdings: Decrease Due to Decrease in Average Freight Rate >1308.HK
SITC International Holdings 1Q Rev $548.9M Vs. $609.6M >1308.HK
SITC International Holdings 1Q Rev $548.9M Vs. $609.6M >1308.HK
Haifeng International (01308.HK) revenue fell 10.0% to US$548.9 million in the first quarter
On April 26, GLONGHUI | Haifeng International (01308.HK) announced that the Group's revenue decreased by about 10.0% from about 609.6 million US dollars for the three months ending March 31, 2023 to about 548.9 million US dollars for the three months ending March 31, 2024, mainly due to a decrease in average freight costs. For the three months ended March 31, 2024, the Group's container volume was 745,048 TEUs, an increase of about 7.5% over 693,283 TEUs in the same period in 2023. The Group's average freight for the three months ended March 31, 2024 (not included
Earnings Not Telling The Story For SITC International Holdings Company Limited (HKG:1308) After Shares Rise 29%
SITC International Holdings Company Limited (HKG:1308) shares have continued their recent momentum with a 29% gain in the last month alone. Taking a wider view, although not as strong as the last m
Changes in Hong Kong stocks | Haifeng International (01308) rose more than 4%, the main force of the shipping index rose more than 4%, and the effects of airline price increases in May still need to be observed
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.
Is Now The Time To Look At Buying SITC International Holdings Company Limited (HKG:1308)?
SITC International Holdings Company Limited (HKG:1308), might not be a large cap stock, but it led the SEHK gainers with a relatively large price hike in the past couple of weeks. While good new
[Broker Focus] Damosheng Haifeng International (01308) maintains a “in sync with the market” rating of 12% with the target price
Jin Wu Financial News | According to the Morgan Stanley Research Report, considering that due to the impact of the Red Sea situation, Haifeng International (01308)'s net profit forecast for 2024-2025 was raised by 12% and 5%, respectively. At the same time, the Group's net profit forecast for 2026 was estimated to be US$473 million, and the target price increased 12% from HK$13 to HK$14.6. 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. Should
Changes in Hong Kong stocks | Shipping stocks continue their recent gains. Shipping companies collectively announced price increases in May, and the actual results of implementation remain to be seen
Shipping stocks continued their recent gains. As of press release, Pacific Shipping (02343) rose 3.83% to HK$2.71; Orient Overseas International (00316) rose 3.82% to HK$106; COSCO Marine Control (01919) rose 3.15% to HK$9.18; and Haifeng International (01308) rose 2.04% to HK$16.02.
Interpretation of ESG Annual Report | Haifeng International (01308) Releases 2023 ESG Report Proposes Intelligent Supply Chain Transformation and Construction Plan
Recently, Haifeng International (01308) released the “2023 Environmental, Social and Governance Report” to showcase the Group's policies and performance in environmental, social and governance management and corporate sustainability, as well as the implementation of economic, environmental and social responsibilities in 2023.
Changes in Hong Kong stocks | Haifeng International (01308) rose more than 6%, and many shipping company giants raised freight rates again, geopolitical risks still exist
Haifeng International (01308) rose more than 6%. As of press release, it was up 6.37% to HK$14.7, with a turnover of HK$36.16 million.
Is SITC International Holdings Company Limited's (HKG:1308) Recent Performance Tethered To Its Attractive Financial Prospects?
SITC International Holdings' (HKG:1308) stock up by 4.7% over the past three months. Since the market usually pay for a company's long-term financial health, we decided to study the company's fundam
Ministry of Transport: From April 1 to April 7, the total number of goods transported by national railways was 703.17 million tons, down 3.51% from the previous month
National railways transported a total of 703.17 million tons of goods, a decrease of 3.51% over the previous month; a total of 468.26 million trucks passed on highways across the country, a decrease of 12.98% over the previous month.
Changes in Hong Kong stocks | Dongfang Overseas International (00316) rose more than 4%, leading the way, shipping stocks, and liner companies were more willing to raise prices, and the European shipping line rose nearly 9%
Shipping stocks rose in the afternoon. As of press release, Dongfang Overseas International (00316) rose 4.55% to HK$97.75; Haifeng International (01308) rose 2.24% to HK$14.62; and COSCO Marine Holdings (01919) rose 2.07% to HK$8.4.
China IoT: China's logistics industry sentiment index in March was 51.5%, up 4.4 percentage points from month to month
The Zhitong Finance App learned that on April 2, the China Federation of Logistics and Purchasing released the China Logistics Industry Sentiment Index for March.
China's Logistics Sector Registers Growth in First Two Months
China's logistics sector rallied in the first two months of the year, according to an industry report.
Investors Shouldn't Overlook SITC International Holdings' (HKG:1308) Impressive Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'd want to identify a growing return on capital e
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