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Should You Be Adding Sinotrans (HKG:598) To Your Watchlist Today?
China's Logistics Sector Continues Growth Streak in November
Hong Kong stock movement | Sinotrans Limited (00598) rose by nearly 3%, recently planning to repurchase A-shares for no less than 0.271 billion yuan.
Sinotrans Limited (00598) rose nearly 3%, as of the time of writing, it increased by 2.66%, priced at 3.47 Hong Kong dollars, with a transaction amount of 12.6864 million Hong Kong dollars.
China's Air Freight Volume Climbs to New High in January-October
Sinotrans Limited (601598.SH): First-time repurchase of 0.09% of the company's A-share stocks.
On December 3, Gelonghui reported that sinotrans limited (601598.SH) announced that as of November 29, 2024, the company repurchased 6,382,622 A-shares through the Shanghai Stock Exchange trading system via centralized bidding, accounting for 0.09% of the total share capital of the company as of November 29, 2024. The highest purchase price was 5.27 yuan/share, and the lowest price was 5.19 yuan/share, with a total amount paid of 33,566,642 yuan (excluding transaction fees).
Shipping stocks have generally risen, with Pacific Basin (02343) increasing by 3.76%. Institutions expect a moderate growth in overall dry bulk shipping demand in the coming years.
King Wu Financial News | Shipping stocks generally rose, but the overall increase was limited. Pacific Basin (02343) rose by 3.76%, Sinotrans Limited (00598) rose by 2.13%, Cosco Ship Engy (01138) rose by 1.67%, and Cosco Shipping Holdings (01919) rose by 1.62%. Huayuan Securities stated that there is a high consensus on the cyclical prosperity of oil transportation ships, the recovery of bulk shipping is still under observation, and container shipping continues to stabilize. The shipping and oil transportation sectors are supported by tight supply logic in the medium to long term, and the core symbols in both sectors have valuation levels significantly higher than the corresponding index averages, indicating that expectations are still present, however, demand recovery is slow. Fleet aging, ring
What Is Sinotrans Limited's (HKG:598) Share Price Doing?
