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Maersk raised this year's performance guidance, most shipping stocks rose, ooil (00316) rose by 2.61%.
Kingfisher Financial News: Maersk raised its performance guidance for the year. Boosted by this news, most shipping stocks rose, with Great Harvest (03683) up 4.79%, OOIL (00316) up 2.61%, Cosco Shipping Holdings (01919) up 2.57%, Tian Yuan GP (06119) up 2.35%, and Cosco Ship Port (01199) up 1.92%. Denmark's shipping group Maersk raised its performance guidance for the year primarily due to strong third-quarter performance, robust demand, and ongoing disruptions in the Red Sea shipping. Maersk's preliminary adjusted EBITDA for the third quarter before depreciation, amortization, and taxes...
Tian Yuan Group Holdings (HKG:6119) Strong Profits May Be Masking Some Underlying Issues
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.
tian yuan gp [06119] is now trading at 0.42 Hong Kong dollars, a decrease of 14.29%.
As of 09:41, tian yuan gp [06119] reported at 0.42 Hong Kong dollars, a decrease of 0.07 Hong Kong dollars or 14.29% compared to the closing price of 0.49 Hong Kong dollars yesterday, with a turnover of 0.0324 million Hong Kong dollars. The highest price today is 0.465 Hong Kong dollars, the lowest price is 0.42 Hong Kong dollars. Based on the closing price of yesterday, the 10-day average price is 0.55 Hong Kong dollars, the 50-day average price is 0.41 Hong Kong dollars. The current PE ratio is 15.95 times, and the 14-day relative strength index is 65.38.
TIAN YUAN GP: Interim Report 2024
TIAN YUAN GP: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
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