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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.
Cosco Shipping Development (02866.HK): Lu Jianzhong resigned as an independent non-executive director.
Cosco Shipping Development (02866.HK) announced on July 16th that, according to the "Management Measures for Independent Directors of Listed Companies" issued by the China Securities Regulatory Commission, the consecutive tenure of independent directors in the same listed company shall not exceed six years. Mr. Lu Jianzhong (who has served as an independent non-executive director for six consecutive years) recently submitted his resignation letter to resign from his positions as the independent non-executive director, chairman of the Board Audit Committee, and member of the Board Risk and Compliance Management Committee. After his resignation takes effect, Mr. Lu will no longer hold any position in the company and its affiliates.
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.
Chinese Shipping Shares Drop on Reports of Gaza Cease-Fire Progress
By Jiahui Huang Shares of Chinese shipping companies fell sharply on expectations of falling freight rates after Hamas reportedly signaled approval for a cease-fire in Gaza. Orient Overseas (Interna
Is COSCO SHIPPING Development (HKG:2866) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much
Cosco Shipping Development will distribute a final dividend of HKD0.03507 per share on July 30th.
Cosco Shipping Development (02866) announced that it will distribute a final dividend of HKD 0.03507 per share for the year ending on December 31, 2023, which will be paid on July 30, 2024.
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