Director Alexander Otto Sells 424,956 Shares of SITE Centers Corp (SITC)
GTJA: Differentiated market impact on shipping, short-term freight rates fall without changing the medium-term upward trend.
The recent expected changes in oil prices are affecting trade pace. The short-term freight rates are expected to fall temporarily but the medium-term trend is still upward. In the second half of the year, the marginal impact of Middle East production cuts will weaken, and the rigidity of supply during the peak season will be highlighted. The economy is expected to improve and performance is expected to grow.
Research Reports|CICC: Raised the target price of SITC to HK$24.3, raised earnings forecast for this year and next year.
In a research report published by CICC, since the end of April, shipping costs in Southeast Asia have risen rapidly. SITC, with its influence in the Southeast Asian market, continues to develop new route networks to maintain high-quality service and low-cost competitive advantages. The bank expects the company to benefit from the rise in freight rates and record higher profits and dividends. In addition, as the fourth quarter enters the peak season, freight rates are expected to further increase. The bank mentioned that in the long run, the addition of transportation capacity in the Asian region is limited, and it is expected that demand will continue to grow due to industrial relocation within the region, and the supply-demand situation will improve year by year. CICC said that due to the increase in Southeast Asian freight rates,
Director Alexander Otto Sells 300,854 Shares of SITE Centers Corp (SITC)
Is SITC International Holdings (HKG:1308) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know wor
CICC: Maintains a 'Outperform' rating for SITC (01308) with a target price increase of 51.9% to HKD 24.3.
Zhijun Finance has learned that CICC released a research report stating that it maintains a "Outperform" rating on SITC (01308) considering the rise in Southeast Asian market freight rates. The report raised the profit forecast for 2024 by 33.4% to 674 million US dollars, and raised the profit forecast for 2025 by 13.3% to 502 million US dollars.
Hong Kong Stock Market Movement: Shipping stocks continue to rise, red sea crisis continues, and congestion in major ports in Asia pushes up freight rates.
Zhì tōng cáijīng APP learned that shipping stocks continued to rise. As of press time, Cosco Shipping Development (02866) rose 3.6%, to HKD 1.15; Cosco Shipping Holdings (01919) rose 2.05%, to HKD 14.9; SITC International Holdings Co Ltd (01308) rose 2.13%, to HKD 21.55. On the news front, the economic impact of Houthi attacks on commercial ships in the Red Sea is continuing to expand, and the global shipping capacity shortage situation is deteriorating. The global shipping trade giant Maersk recently raised its full-year profit forecast, stating that the congestion in the Red Sea has a far greater impact on the global shipping supply chain than previously expected. The Maersk Group stated that the global
The logistics index for e-commerce in May was 113.9 points, an increase of 0.7 points from the previous month.
In May 2024, the China e-commerce logistics index released by the China Federation of Logistics and Purchasing and jd.com was 113.9 points, up 0.7 points from the previous month.
China Logistics Network: Logistics business demand in May slowed down, but overall remains in the expansion range.
According to the news from Zhitong Finance APP, on June 5th, China Logistics and Purchasing Federation pointed out that the demand for logistics business in May slowed down, but the foundation is still stable.
SITE Centers (SITC) Disposes Two Properties for $50M in Q2
Hong Kong stocks surged: Most shipping stocks rose, the Red Sea crisis pushed up freight rates, and Singapore's port congestion increased challenges to the supply chain.
Most shipping stocks have risen, at the time of writing, Sitc (01308) is up 3.92% to HKD 21.2, Cosco Shipping Development (02866) is up 3.77% to HKD 1.1, and Cosco Shipping Holdings (01919) is up 2.31% to HKD 14.2.
SITE Centers Closes on Sale of Two Properties for Aggregate Gross Sale Price of $50.2M >SITC
SITE Centers Closes on Sale of Two Properties for Aggregate Gross Sale Price of $50.2M >SITC
The Red Sea crisis continues to ferment, and “Hard to Find a Box” is being staged again
The Zhitong Finance App learned that the economic impact of the Houthis attack on merchant ships in the Red Sea is expanding. As ships bypass the Cape of Good Hope in Africa, ships with unpredictable sailing schedules blocked major Asian ports, leading to a shortage of empty containers in some places and piled up like mountains of containers in others. Shipments to the US and Europe take longer and freight rates continue to rise. There are a number of reasons for this phenomenon — including strong demand for goods in the US. But the latest round of trade turmoil is largely due to the diversion of the Red Sea. Sea-Intelligence, a maritime data and consulting firm headquartered in Copenhagen, recently reported
SITE Centers Corp. (SITC) Up 1.9% Since Last Earnings Report: Can It Continue?
SDIC Securities: Prolonged deviation+US confirms short-term inventory replenishment, improved profit expectations for consolidated shipping
The Zhitong Finance App learned that SDIC Securities released a research report saying that considering that European route capacity deployment accounts for 24% of global capacity, it is estimated that the static impact of deviations on global capacity is about 5%. The current acceleration of ships and the low level of idle capacity further confirm that capacity is tight. Marginal pricing in the shipping industry, “long-term detour plus confirmation by the US” is the most favorable combination for the continuation of the boom. The short-term shipping industry has been driven by the events of the end of 2023 to being driven by both supply and demand, and industry profit expectations have improved; due to the slowdown in empty container return, demand for additional capacity distribution, and demand to renew inventory containers, and the need to renew inventory containers, and the need to renew inventory containers, and box-building and leasing have ushered in volume and price repairs, with a focus on standards
Changes in Hong Kong stocks | Dongfang Overseas International (00316) fell by nearly 4%, leading the decline in shipping stocks, and the strength and pace of freight rate increases for various airlines diverged
Shipping stocks declined in early trading. As of press release, Orient Overseas International (00316) fell 3.34% to HK$138.7; COSCO Marine Holdings (01919) fell 2.92% to HK$13.28; and Haifeng International (01308) fell 2.16% to HK$20.35.
Wells Fargo Adjusts Price Target on SITE Centers to $16 From $15.50, Maintains Overweight Rating
SITE Centers (SITC) has an average outperform rating and a price target range of $14 to $16, according to analysts polled by Capital IQ.
Changes in Hong Kong stocks | Dongfang Overseas International (00316) rose more than 3%, leading the way shipping stock SCFI rose for seven weeks and hit a 21-month high
Shipping stocks continued to rise in early trading. As of press release, Orient Overseas International (00316) rose 3.35% to HK$141.8; COSCO Marine Holdings (01919) rose 1.82% to HK$13.42; and Haifeng International (01308) rose 0.24% to HK$20.6.
Investors in SITC International Holdings (HKG:1308) Have Seen Incredible Returns of 348% Over the Past Five Years
When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really flourishing, you can make more than 100%. Long term SITC International Holdings
Ministry of Transport: From May 20 to 26, the cumulative collection volume of postal express delivery across the country was about 3,593 billion pieces, up 7.29% month-on-month
From May 20 to May 26, the national freight logistics run in an orderly manner.
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