Singamas Cont (00716) announced its performance at noon, with a sharp drop of over 12% in the afternoon. As of the time of writing, it fell by 12.05% to 0.73 Hong Kong dollars, with a turnover of 20.899 million Hong Kong dollars.
According to the Zhitong Financial APP, Singamas Cont (00716) announced its performance at noon, with a sharp drop of over 12% in the afternoon. As of the time of writing, it fell by 12.05% to 0.73 Hong Kong dollars, with a turnover of 20.899 million Hong Kong dollars.
On the news front, Singamas Cont announced its interim results, with a turnover of 0.243 billion US dollars, a year-on-year increase of 28.2%; a net profit of 17.199 million US dollars, a year-on-year increase of 75.9%; and an interim dividend increase of double to 3 Hong Kong cents per share, compared to 1 Hong Kong cent in the same period last year.
The company stated that it expects the Red Sea crisis to continue to have a positive impact on the demand for dry containers in the second half of this year. In addition, with US retailers increasing their inventory before the peak shopping season, the group is optimistic about the order situation in the third quarter. However, due to the fourth quarter being the traditional off-season for the dry container industry and the possibility of a chain reaction on trade due to the US presidential election, the management is unable to estimate the demand for dry containers in the fourth quarter.