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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.
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.
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.
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.
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
Daiwa: Lowered ooil's target price to 110 Hong Kong dollars, downgraded to 'hold'.
Daiwa released a research report stating that Oriental Overseas International (00316) target price was reduced from HKD160 to HKD110, and rating was downgraded from "buy" to "hold", believing that the short-term catalysts are limited. The report pointed out that there was no progress in the Gaza ceasefire negotiations. In response to the development of the Red Sea situation, it is believed that the investment atmosphere of container shipping in the short term will continue to deteriorate. In addition, the Shanghai Export Container Freight Index (SCFI) began to decline after a 13-week increase, causing investors to worry about whether freight rates can continue to be high. Therefore, the bank believes that the short-term catalysts for the Oriental Overseas stock price are limited. The bank estimates that Oriental Overseas adjusted net profit for the first half of the year.
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Donixu24 : Not sure what drive itu