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Why Oil and Gas Markets Are Dreading the Risk of Supply Disruption in the Strait of Hormuz
Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
Impressive Earnings May Not Tell The Whole Story For Xiangxing International Holding (HKG:1732)
Spotlight | COSCO Shipping Holdings rises more than 4%, leading the shipping sector. Central banks of various countries cutting interest rates may boost international trade, multiple disturbances affecting the shipping supply side.
Shipping and ports stocks continued to rebound recently. As of the time of publication, Cosco Shipping Holdings rose by 4.58%, Sinotrans Limited rose by 4.27%, OOIL rose by 2.11%, and Sitc rose by 3.29%.
XIANGXING INT: INTERIM REPORT 2024
Xiangxing Int (01732) fell 16.00%, now trading at 0.121 yuan, hitting a new 52-week low.
As of 11:23, Xiangxing Int (01732) fell 16.00% compared to the previous closing price, now at HKD 0.121, hitting a 52-week low; with a trading volume of 0.38 million shares, and a turnover of HKD 0.0458 million.
