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Bank of America Securities: Downgraded OOIL (00316) and COSCO Shipping Holdings (01919) ratings. Bullish on SITC (01308) in the Sector.
Bank of America Securities is bullish on SITC (01308) and gives it a "Buy" rating.
Houthis to End Attacks on Western Ships in Red Sea After Gaza Ceasefire
Orient Overseas (International)'s (HKG:316) Returns Have Hit A Wall
Daiwa: It is recommended to shift from the Aviation/airlines Industry to the shipping industry, mainly due to the high expectations for rising ticket prices.
Daiwa recommends investors to shift from the Aviation/airlines Industry to shipping stocks.
Hong Kong stocks morning report on January 13: USA employment data exceeds expectations, China Concept Stocks generally decline.
① The number of non-farm jobs in the USA increased by 256,000 in December, higher than market expectations. ② The yield on 30-year US Treasury bonds rose to 5%, reaching the highest level since November 2023. ③ The three major US stock index fell last Friday, with China Concept Stocks experiencing widespread declines. ④ The 18th ASIA FINANCIAL Forum will be held in Hong Kong. ⑤ The International Monetary Fund warns that Trump's tariff policy exacerbates Global economic uncertainty.
OOIL: In the fourth quarter, OOIL's total revenue was 2.514 billion USD, an increase of 55.0% year-on-year.
OOIL (00316) has released the unaudited operational summary of OOIL Container Shipping (OOIL) for the fourth quarter ending December 31, 2024. The total revenue for the fourth quarter increased by 55.0% compared to the same period last year, amounting to 2.514 billion USD. Total cargo volume increased by 6.1%, and carrying capacity rose by 4.2%. The overall load factor increased by 1.5% compared to the same period in 2023, and the overall average revenue per standard container increased by 46.2% compared to the fourth quarter of last year. The total revenue and total cargo volume for the year ending December 31, 2024, have increased compared to the same period last year.