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Changes in Hong Kong stocks | weak cargo volume in the first half of the year combined with an increase in operating costs Orient Overseas (00316) and COSCO Shipping Holdings (01919) both fell more than 4%
Zhitong Financial APP learned that maritime stocks generally fell. As of press time, Orient Overseas (00316) fell 4.4% to HK $204.2, COSCO Shipping Holdings (01919) fell 4.08% to HK $11.76, Pacific Shipping (02343) fell 2.95% to HK $3.65, and Sinotrans (00598) fell 2.15% to HK $2.28. BoCom International said it expected shipments to continue to be weak in the first half of the year. Spot rates moved moderately in April, with the Shanghai container freight index down 12.5% from the first quarter, but still higher than 49.9% in the same period last year. May
Sinotrans (00598) plans to spend no more than 299 million yuan to buy back A shares.
Zitong Financial App News, China Foreign Transportation (00598) announced that based on the confidence in the company's future development prospects and the recognition of the company's value, combined with the company's current financial situation, operating conditions, valuation and other factors, the company intends to buy back A shares through centralized bidding, which will be used as the share source of the company's equity incentive plan, so as to further promote the company to establish and improve the long-term incentive and restraint mechanism. Promote the maximization of shareholder value and the healthy and sustainable development of the company. According to the announcement, the number of A shares repurchased this time is not less than 24.64 million shares and not more than 49.28 million shares, accounting for about
Opinion | Market fluctuates sharply, optimistic about the low valuation and high growth leader of the port
Institutions believe that when the market is volatile, the port industry is often able to outperform the market due to the characteristics of steady growth. In the long run, after years of pressure on port rates, with the substantial improvement in the performance of upstream shipping companies, port rates are expected to gradually stabilize, promising to occupy the hinterland location advantages, undervalued, high dividends, high flexibility of individual stocks.
Daily Research selected | Organization: the market fluctuates greatly and is optimistic about the low valuation and high growth dragon stocks of the port.
CITIC: the prosperity of the coal industry is likely to be high, but low-valued companies are still attractive; BofA Securities: downgrade metal price forecasts and lower target prices of Chinalco, Zijin and Jiangzhong; JPMorgan Chase & Co: wind power stocks preferred Longyuan, solar stocks are optimistic about Xinyi Energy; Credit Suisse: maintain Tabu International's "outperform market" rating, with the target price reduced by 14.7% to HK $15.
There's No Escaping Sinotrans Limited's (HKG:598) Muted Earnings
Sinotrans Limited's (HKG:598) price-to-earnings (or "P/E") ratio of 3.9x might make it look like a strong buy right now compared to the market in Hong Kong, where around half of the companies have P/
Daiwa: reiterate 0598.HK 's buy rating target price of HK $4.15
Daiwa published a research report pointing out that the conflict between Russia and Ukraine reduced the e-commerce and air transportation of 0598.HK in the first quarter, but the group's low valuation and high dividend will benefit from the recovery of the logistics market. Daiwa has lowered its revenue forecast for 2022-24 by 3-6%, and the profit forecast has also been adjusted slightly, reiterating the "buy" rating and maintaining the target price of HK $4.15. Sinotrans management said at the meeting that the group's business was hampered by the conflict between Russia and Ukraine and the closure of cities in the mainland, but believed that under the policy of ensuring logistics stability, the mainland logistics market would take the lead in recovery. Management pointed out that since April this year, the group's business has been affected by
Daiko rating | Daiwa: reiterate the target price of 0598.HK 's buy rating: HK $4.15
According to a research report released by Daiwa on April 29, the conflict between Russia and Ukraine reduced the e-commerce and air transportation of China Foreign Transportation (0598.HK) in the first quarter, but the group's low valuation and high dividend will benefit from the recovery of the logistics market. Daiwa has lowered its revenue forecast for 2022-24 by 3-6%, and the profit forecast has also been adjusted slightly, reiterating the "buy" rating and maintaining the target price of HK $4.15. Sinotrans management said at the meeting that the group's business was hampered by the conflict between Russia and Ukraine and the closure of cities in the mainland, but believed that under the policy of ensuring logistics stability, the mainland logistics market would take the lead in recovery. The management pointed out that since April of this year,
Sinotrans Allots $45 Million to Repurchase Shanghai-listed Shares
03:25 AM EDT, 04/28/2022 (MT Newswires) -- Sinotrans' (SHA:601598, HKG:0598) board approved a proposal to allocate 299 million yuan ($45.3 million) to repurchase a maximum of 49.28 million Shanghai-li
Changes in Hong Kong stocks ZTO Express-SW (02057) up more than 5% to lead logistics stocks to receive and distribute income this year will be exempted from VAT
Zhitong Financial APP learned that logistics stocks were collectively higher. As of press time, ZTO Express-SW (02057) rose 5.12 per cent to HK $203.4; Sinotrans (00598) rose 4 per cent to HK $2.34; Kerry Logistics (00636) rose 3.19 per cent to HK $18.14; SITC International Holdings (01308) rose 1.5 per cent to HK $27.1; JD Logistics, Inc. (02618) rose 1.4 per cent to HK $15.96. On the news side, the executive meeting of the State Council on April 27 pointed out that traffic logistics is the meridian of the market economy. In view of the recent disruption of logistics in some areas
Changes in Hong Kong stocks | Express Logistics stocks will be exempted from VAT during the year.
On April 28th, ZTO Express-SW (2057.HK) led the rise, China Foreign Transportation rose 4%, and Kerry Logistics rose nearly 3%. On April 27, the executive meeting of the State Council proposed that from May 1 to the end of May, qualified income from express delivery should be exempted from VAT. In addition, the Shanghai Municipal Commerce Commission recently issued the first batch of national unified "key material transport vehicle passes" to some express delivery enterprises to help logistics recover. Guohai Securities license said that the e-commerce express delivery industry has entered a new development stage of high income growth and low capital expenditure growth, and the development strategy of the head enterprise has also changed from cost differentiation to income.