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Hong Kong stock concept tracking | Red sea situation escalates again! Institutions: global marine transportation companies with European business will benefit significantly. (Attached with concept stocks)
Considering the current situation of long-term contract signing and the possibility of further tightening of marine transportation capacity, it is expected that global marine transportation companies with European business will significantly benefit and their performance is expected to improve in 2024.
HK stocks abnormal movement | Marine transportation stocks continue recent decline. The SCFI index ended a 13-week consecutive rise with block orders contract prices falling more than expected.
Marine transportation stocks continued to decline. As of press time, Sitc International Holdings Co., Ltd. (01308) fell by 6.46% to HKD 17.38; Cosco Shipping Holdings Co., Ltd. (01919) fell by 2.93% to HKD 10.6; Ooil Limited (00316) fell by 2.83% to HKD 106.5; Pacific Basin Shipping Limited (02343) fell by 2.55% to HKD 2.29.
Guolian Securities: Marine transportation costs have risen sharply from the beginning of the year to now. Enterprises with a high FOB proportion are worth paying attention to.
Since 2024, marine transportation fees have increased significantly, and as a result, the market is more concerned about the short-term profit performance of export companies.
China Securities Co., Ltd.: The express delivery industry needs to break away from the framework of "headquarters quantity-price-profit" and the new flywheel sparks sustained development.
In the operation of the business, the four main entities of the express headquarters, franchisee, courier, and direct customers have formed a "express industry flywheel" based on multiple relationships formed in the process. The smooth initial operation is due to the organizational flexibility brought by the franchise system and the price advantage under extreme cost. In the long run, price wars are the "negative" products derived from the continuous operation of the express flywheel.
Guolian Securities: How much impact will the significant increase in marine transportation fees have on export categories?
Guolian Securities believes that companies with a higher proportion of FOB, a larger proportion of production capacity transferred overseas, and a higher unit volume value are less affected by the rise in freight rates.
Hong Kong stocks fluctuate: shipping stocks continue to decline, recent freight rates fall driven by geopolitical easing, BDI index falls on Tuesday.
Shipping stocks continued to decline. As of press time, Cosco Shipping Holdings (01919) fell 3.56% to HK$10.84; Pacific Basin (02343) fell 2.95% to HK$2.3; OOIL (00316) fell 2.2% to HK$106.7.
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