Hong Kong stocks were volatile | Marine Transportation stocks rose in early trading due to the possibility of a strike at East Coast terminals. Institutions indicate that the market's expectations for routing through the Red Sea have been somewhat delayed

Marine transportation stocks rose in the morning session. As of the time of publication, OOIL (00316) increased by 3.66%, trading at 119 HKD; SITC (01308) rose by 2.7%, trading at 20.95 HKD; COSCO Shipping Holdings (01919) increased by 1.91%, trading at 12.78 HKD.

Zhitong FinanceJan 2 21:10 ET

Volume increases and prices remain low as the express delivery industry competes to reduce costs. The application of autonomous vehicles and Drones is expected to accelerate next year | Year-end review.

① Since the beginning of the year, the growth rate of express delivery volume has exceeded 20%; the operating situation of "the two logistics giants and one delivery company" in the first 11 months shows volume increase and low prices, with ZTO achieving year-on-year revenue growth per package in Q3. ② Industry insiders say that the growth rate of express delivery volume will still be double-digit in the next 1-2 years. It is expected that next year, Drones and unmanned vehicles will accelerate their application in various express delivery scenarios, further reducing social Logistics costs.

cls.cnDec 28, 2024 04:19 ET

Does SITC International Holdings (HKG:1308) Have A Healthy Balance Sheet?

Simply Wall StDec 25, 2024 17:23 ET

Piper Sandler Keeps Their Buy Rating on SITE Centers (SITC)

TipRanksDec 18, 2024 16:45 ET · Ratings

SITC International Announces Leadership Changes in Committees

TipRanksDec 18, 2024 07:11 ET

SITC (01308): Yang Xin has been appointed as the Chairperson of the Sustainability Committee.

SITC (01308) announced that the composition of the company’s disclosure committee and the company's sustainability committee includes the following changes...

Zhitong FinanceDec 18, 2024 07:04 ET