01919 COSCO SHIP HOLD
- 10.740
- -0.020-0.19%
COSCO SHIP HOLD News
Cosco Shipping Holdings (601919.SH): Since the second quarter, the load factor of European and American export mainline ships has been maintained at full capacity.
On July 25th, Jicheng Hue reported that investors asked Cosco Shipping Holdings (601919.SH) on the investor interactive platform, "Were the ships fully loaded during the company's second quarter? If so, how many ships were leased?" The company replied that since the second quarter, the loading rate of the company's European and American export mainline ships has remained full. As of the end of June, the proportion of external leased ship transportation capacity of Cosco Shipping's container ships remained at a level of 25%.
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.
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.
Harbour transportation stocks are under pressure with cosco shipping holdings (01919) falling by 3.74%. Institutions indicate that there may be a risk of a decline in collective transportation prices.
Golden Finance News | Harbour transportation stocks collectively under pressure, Cosco Shipping Holdings (01919) dropped 3.74%, Sinotrans Limited (00598) dropped 3.61%, ooil (00316) dropped 2.57%, Pacific Basin (02343) fell sharply by 2.53%. Daiwa expressed that there was no progress in the Gaza ceasefire negotiations. In response to the development of the Red Sea situation, it is believed that market sentiment for container shipping will continue to deteriorate in the short term. In addition, the Shanghai Containerized Freight Index (SCFI) began to fall after thirteen weeks of gains, causing concern among investors about whether freight rates can continue to remain high. Boc International believes that in the short term, Gaza
Daiwa: Lowered ooil's target price to 110 Hong Kong dollars, downgraded to 'hold'.
Daiwa released a research report stating that Oriental Overseas International (00316) target price was reduced from HKD160 to HKD110, and rating was downgraded from "buy" to "hold", believing that the short-term catalysts are limited. The report pointed out that there was no progress in the Gaza ceasefire negotiations. In response to the development of the Red Sea situation, it is believed that the investment atmosphere of container shipping in the short term will continue to deteriorate. In addition, the Shanghai Export Container Freight Index (SCFI) began to decline after a 13-week increase, causing investors to worry about whether freight rates can continue to be high. Therefore, the bank believes that the short-term catalysts for the Oriental Overseas stock price are limited. The bank estimates that Oriental Overseas adjusted net profit for the first half of the year.
Hong Kong stocks in change: shipping shares continue to fall, geopolitical easing drives freight rates to fall. As for the supply risk of the industry, Morgan Stanley indicates that it is accumulating.
According to the Zhī tōng finance app, shipping stocks continued to fall. As of press time, OOIL (00316) fell by 4.89%, with a reported value of HKD 108.8. SITC (01308) fell by 2.74%, with a reported value of HKD 18.48. COSCO Shipping Holdings (01919) fell by 1.58%, with a reported value of HKD 11.22. Pacific Basin (02343) fell by 1.24%, with a reported value of HKD 2.39. In terms of news, geopolitical easing has driven recent freight rate declines. The market is more optimistic about the prospects of a new round of talks between Israel and Palestine, which has raised concerns about the resumption of shipping through the Red Sea, and European and American freight futures and spot prices have fallen back. July 1.
Hong Kong stocks are changing | OOIL (00316) opened nearly 4% lower, Q2 revenue increased by 14.4% year-on-year, and industry supply risks are accumulating, according to Morgan Stanley.
ooil (00316) opened nearly 4% lower. As of press time, it fell 3.85% to HKD 110 with a turnover of HKD 8.305 million.
Northbound funds| ICBC (01398) received nearly 0.5 billion yuan in additional holdings again while seeing a net buy of 0.171 billion yuan. Cosco Shipping Holdings (01919) suffered from selling off by domestic investors.
On July 12th, the Hong Kong stock market saw a net buy of 0.171 billion Hong Kong dollars by Northbound funds, with net sell of 0.224 billion Hong Kong dollars on the Shanghai-Hong Kong Stock Connect and net buy of 0.395 billion Hong Kong dollars on the Shenzhen-Hong Kong Stock Connect.
Stocks in Hong Kong are fluctuating: Cosco Shipping Holdings (01919) dropped more than 4%, leading the decline in marine transportation stocks. Hamas has preliminarily passed a ceasefire proposal, which may put pressure on shipping stocks, according to Da
According to the Wise News Finance APP, marine transportation stocks fell across the board in early trading. As of press time, COSCO SHIPPING Holdings (01919) fell 3.36% to HKD 11.52, OOIL (00316) fell 1.03% to HKD 115.1, and COSCO SHIPPING Development (02866) fell 0.98% to HKD 1.01. In terms of news, according to multiple media reports, a Hamas source has revealed that Hamas has tentatively approved the proposal for a ceasefire and prisoner exchange in Gaza, and has agreed to continue discussions with Israel on issues such as prisoner exchange during the 16-day period of the first-phase ceasefire in Gaza.
Hong Kong stock concept tracking | Houthi militants claim to have attacked ships in the Arabian Sea and the Aden Gulf, global shipping faces obstacles again on the South African coast (attached to concept stocks).
Due to the shipping company's attempt to avoid attacks in the Red Sea, the number of vessels taking the route around the Cape of Good Hope increased, but they encountered a sea storm.
Capital trend statistics for China Connect (T+2) on July 11th.
Capital trend of SmartHK Connect|July 11th
European shipping contract prices have plummeted, causing a sharp drop in shipping stocks at the beginning of this week.
This week, Hong Kong shipping stocks suffered losses. After the news that Gaza is expected to implement a phased ceasefire, Asian shipping stocks fell across the board on Monday. If the situation in the Middle East eases, it is expected that freight rates will gradually return to pre-conflict levels, bringing downward pressure on shipping stocks. Hamas has preliminarily approved a proposal for a phased ceasefire in Gaza, and the Baltic Dry Index fell 2.72% to 1966 points last Friday (5th), falling for three consecutive trading days and hitting a low of over a week. On Monday, the mainland's forward freight agreement index (European line) futures plummeted, with European line shipping 2410 dropping sharply by 11%, and European line shipping 2412 falling by 11.4%.
Changjiang Securities: The new ship price index continues to rise, and the delivery of China's container ships is accelerating.
The shipbuilding industry is still in the stage of structural recovery, with container ships and LNG ships recovering first, and the main types of oil tankers and dry bulk carriers expected to follow suit. The industry's upward trend is clear and with supply bottlenecks, ship prices are expected to continue to rise.
BeiShui trends: net buying of 2.175 billion yuan by BeiShui, added position in Cosco Shipping Holdings (01919) after the sharp drop, and Hong Kong Exchanges and Clearing (00388) was sold off.
On July 8th, the Hong Kong stock market saw a net buying of 2.175 billion Hong Kong dollars by northern funds, of which the trading volume of the Hong Kong Stock Connect (Shanghai) was a net buying of 0.916 billion Hong Kong dollars, and that of the Hong Kong Stock Connect (Shenzhen) was a net buying of 1.259 billion Hong Kong dollars.
Southern funds continued to increase their positions in China Construction Bank and Industrial and Commercial Bank of China, while reducing their positions in HSBC and Hong Kong Stock Exchange.
Southbound funds net bought Hong Kong stocks with a total of 2.175 billion Hong Kong dollars today. Among them: China Mobile net bought 0.203 billion, China Construction Bank net bought 0.167 billion, COSCO Shipping Holdings net bought 0.145 billion, and Industrial and Commercial Bank of China net bought 0.132 billion; HSBC Holdings net sold 0.225 billion, HKEX net sold 0.217 billion, Meituan net sold 0.158 billion. According to the statistics, Southbound funds have net bought China Construction Bank for 15 consecutive days, with a total of 6.86383 billion Hong Kong dollars; and net bought Industrial and Commercial Bank of China for 14 consecutive days, with a total of 6.25877 billion Hong Kong dollars.
Goldman Sachs: gives a "sell" rating to Cosco Shipping Holdings (01919), with a target price of HKD 7.6.
Zhītōng Cáijīng APP learned that Goldman Sachs released a research report stating that it gave Cosco Shipping Holdings a "Sell" rating with a target price of HKD 7.6 in the next 12 months. The latest weekly Shanghai Containerized Freight Index (SCFI) increased by 0.5%, but the long-haul Europe route, which is most severely affected by the Red Sea interference, decreased by 0.5% from last week. This decline came earlier than the market's expectation of August or September, and it is believed that the relevant decline is due to the rebalancing of supply and demand in the industry where the supply has increased by 0.9% per month from the beginning of the year until now. The bank stated that it is expected that shipping rates will not drop significantly in July, but based on the bank's clients'...
Chinese Shipping Shares Drop on Reports of Gaza Cease-Fire Progress
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