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Soochow Securities: Terminal demand for heavy truck industry is flat, new energy funds perform well.
Over the next 24 years, as the economy weakly recovers, the growth of road freight volume is providing support for maintain quantity. The high oil and gas price differential is driving the continuous growth of natural gas heavy trucks due to economic reasons. Policy-driven new energy heavy trucks are being accelerated. High export growth in non-Russian regions offsets the decline in Russia, and the entire year's exports have resilience. The elimination of old trucks may lead to substantive subsidy policies to scrap National III/IV vehicles.
Hong Kong stock market abnormal movement: Singamas cont (00716) fell more than 7% again, down nearly 30% from the high point of the month. It is expected that the net profit in the first half of the year will be no less than 15 million US dollars.
Singamas cont (00716) fell by more than 7%, hitting a low of HKD 0.74, a drop of nearly 30% from this month's high of HKD 1.03. As of the time of writing, it has fallen by 7.5% to HKD 0.74, with a turnover of 8.3694 million Hong Kong dollars.
Hong Kong Stock Exchange Announcements | Times Electric expects its first-half net profit to be approximately 1.507 billion yuan, a year-on-year increase of 30.56%.
Chinares Pharma (03320) subsidiary plans to acquire 100% equity of Green Cross HK for 1.82 billion yuan and enters into a strategic cooperation framework agreement with GC Corp.
Singamas Container Forecasts Boost in H1 Profit
Singamas Container Holdings (HKG:0716) expects an attributable profit of at least $15 million for the six months ended June 30, up from $9.8 million a year prior, a Wednesday bourse filing stated.
Singamas cont profit announcement: Mid-term shareholders are expected to have a surplus of at least $15 million, compared to a profit of $9.776 million in the same period last year.
On July 17th, Singamas cont announced that compared with the attributable surplus of shareholders of the company of $9.776 million recorded in the six months ended June 30, 2023, the group expects to record no less than $15 million of attributable surplus of shareholders of the company in the six months ended June 30, 2024.
Express News | Singamas Container Sees Increased Gross Profit Margin for Six Months
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