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.

Zhitong FinanceJul 21 19:41 ET

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.

Zhitong FinanceJul 18 21:48 ET

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.

Zhitong FinanceJul 18 02:58 ET

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.

Zhitong FinanceJul 17 08:19 ET

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.

Zhitong FinanceJul 16 23:08 ET

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

金吾財訊Jul 16 22:48 ET