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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.
cssc offshore & marine engineering and cssc shipping successfully held a joint press conference on the mid-term performance of 2024.
On September 24, 2024, CSSC Offshore & Marine Engineering ("CSSC Offshore", stock code: 600685.SH/0317.HK) and China CSSC Group (Hong Kong) Shipping Leasing Co., Ltd. ("CSSC Shipping", stock code: 3877.HK) successfully held the 2024 mid-term performance joint press conference at the Shangri-La Hotel in Admiralty, Hong Kong. Mr. Chen Liping, Executive Director and General Manager of CSSC Offshore, and Mr. Li Hongtao, Executive Director and Chairman of CSSC Shipping, as well as other senior management from the companies, attended the meeting. Institutional investors, analysts, and media were invited to this conference.
Earnings Working Against CSSC (Hong Kong) Shipping Company Limited's (HKG:3877) Share Price
gtja: The willingness for capital expenditure on ship large-scaleization continues, and the top enterprises may continue to place orders for large ships within the year.
Considering the sustained capital expenditure willingness of integrated shipping companies based on the ship's large-scale development, head enterprises may continue to place orders for large ships in 2024. In contrast to the previous cycle, it is expected that the capacity constraint of the shipbuilding industry in this cycle will be better than the previous cycle, and shipyard shortage and high ship prices will be sustainable in the coming years.
GTJA: Bullish on oil shipping due to oil price decline, seize the opportunity for counter-cyclical layout.
In the past two years, the reconstruction of trade and the eastward movement of refineries have driven a significant increase in oil transportation demand, and the rigid supply of tankers has gradually become prominent. The capacity utilization rate of the oil transportation market has already reached the threshold in the first half of 2024. The market may misunderstand the impact of lower oil prices on oil transportation, so it is recommended to adopt a reverse layout.
What is the secret of cssc shipping (3877.HK)'s continued leading position?
For Hong Kong-listed companies, being able to enter the Hong Kong stock connect means they can attract more mainland investors, improve liquidity and market attention, which is more critical in the current context of overall lack of liquidity in the Hong Kong stock market. Recently, the Hang Seng Composite Index semi-annual index review was announced, providing an important basis for subsequent adjustments to the stock connect. At the same time, a report by China International Capital Corporation listed 33 companies that meet the inclusion criteria for the stock connect, with CSSC Shipping prominently featured. To some extent, this also reflects the market's recognition of CSSC Shipping. In recent years, against the backdrop of lackluster performance in the Hong Kong stock market, CSSC Shipping has...
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