00598 SINOTRANS
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SINOTRANS News
Gold is overshadowed by the limelight! International shipping prices have skyrocketed. What are the investment opportunities for Hong Kong and US stocks?
The upcoming traditional peak season for shipping will also further catalyze the rise in market expectations for shipping demand.
A quick look at the Hong Kong market | The three major indices have risen one after another. Technology Network stocks and power stocks are popular. Bilibili has risen more than 6%, and Huadian International has risen nearly 8%
Biotech stocks had mixed ups and downs. Pharmaceutical and Ming Union fell%, and Jinxin Fertility rose%; shipping stocks rose, with Dongfang Overseas International, COSCO Marine Control, and COSCO Marine Energy up nearly 6%.
European freight futures broke through the 4,000 point “second round price increase” expectations and catalyzed the strengthening of shipping Hong Kong stocks
① Shipping stocks have been rising continuously recently. What incremental benefits are worth paying attention to? ② European freight futures are trending strongly. Why is the market so optimistic?
This week's bullish stocks in Hong Kong | High-dividend stocks are sought after! China's foreign transport week rose by more than 23%, and China's building materials rose by more than 17%
In terms of individual stocks, net revenue from Q1 products increased by nearly 40% year on year, and Zaiding Pharmaceutical soared more than 26% this week; pre-sale of new iPad products began! The Apple concept stock, BYD shares surged nearly 20% this week.
Hong Kong stocks with high interest rates are going crazy again
One child fell, full of life
“Can't grab the box at all!” Is the Red Sea orbiting effect showing another wave of cabin shortages in the shipping market?
“The freight rate has started to rise again, and I can't grab the box at all!” The head of a freight forwarder company told the Financial Federation reporter that the “lack of a box” this time was essentially a lack of space.
Statistics on changes in the share of Zhitong Hong Kong Stock Connect | May 10
According to data disclosed on May 9, 2024, Marco Digital Technology (01942.HK), Sinotrans (00598.HK), and Nanjing Panda Electronics (00553.HK) shares of Hong Kong Stock Connect accounted for the largest share gains, increasing by 0.93%, 0.93%, and 0.76% respectively; Beijing Finance International (01468.HK), China League Securities (01456.HK), Lianli W (09626.HK) Hong Kong Stock Connect shares decreased the most, with decreases of -1.60%, -0.59%, and -0.59%, respectively -0.45%
Direct impact of changes | Shipping stocks rose across the board, MSC and Dafei announced price increases, and June shipments are expected to be better than May
The Zhitong Finance App learned that shipping stocks were higher across the board. As of press release, Orient Overseas International (00316) rose 4.88% to HK$126.8; COSCO Offshore (01919) rose 4.49% to HK$11.16; COSCO Haifa (02866) rose 4.88% to HK$0.86; and Sinotrans (00598) rose 1.46% to HK$4.18. Fangzheng Mid-Term Futures pointed out that MSC and Dafei were the first to report the June FAK online freight rate, which were far higher than the market price. June is the month of transition of China-Europe shipping routes from low season to high season. As Europe's economy recovers from a low level, China
China IoT: China's e-commerce logistics index in April was 113.2 points, up 0.7 points from month to month
The China E-commerce Logistics Index for April 2024, which was jointly released by the China Federation of Logistics and Purchasing and Jingdong Group (09618), was 113.2 points, up 0.7 points from month to month, rising for two consecutive months.
Hong Kong Stock Afternoon Review | The Hang Seng Index rose slightly by 0.19%, home appliance stocks and coal stocks strengthened, Haier Smart Home rose more than 8%, and Yankuang Energy rose more than 5%
The trend of science and network stocks was divided. Baidu rose nearly 2%, JD fell nearly 2%; shipping stocks rose more than 6%; COSCO Marine Holdings rose more than 6%, and Orient Overseas International rose nearly 5%.
Changes in Hong Kong stocks 丨 Sinotrans plummeted by more than 13%, and Q1 performance fell short of expectations
Gronghui, April 30 | Sinotrans (0598.HK) once plummeted by more than 13% to HK$3.6 during the intraday period, a record low since March 22; as of the half-day closing, it fell 11.33% to HK$3.68; A-shares closed down 8.96% to HK$5.69 in half a day. According to the news, the company announced results for the first quarter of 2024 last night, showing that according to Chinese accounting standards, it achieved operating income of 24.287 billion people, an increase of 8.1% over the previous year; net profit attributable to shareholders was 803 million yuan, a year-on-year decrease of 16.1%. CICC said Sinotrans Q1 performance fell short of expectations, Q1 profits were under phased pressure, and the contract was carried out
Changes in Hong Kong stocks | Sinotrans (00598) fell more than 7%, contract logistics were under pressure, compounded by declining subsidies for some agency services, and the first quarter results fell short of expectations
Sinotrans (00598) fell by more than 7%. As of press release, it fell 6.02% to HK$3.9, with a turnover of HK$21.3859 million.
Selected announcements | BYD's net profit for the first quarter increased by nearly 11% year-on-year; CNPC's profit for the first quarter exceeded 45 billion yuan
ICBC's first quarter revenue fell nearly 3% year on year; Vanke Enterprise's first quarter revenue fell by more than 10% year on year.
Sinotrans (601598): Performance is slightly lower than expected. Continued verification of the stability of the main business
Investment highlights: Incident: Sinotrans released its 2024 quarterly report. The company's Q1 revenue was 24.29 billion yuan, up 8% year on year, and net profit to mother was 803 million yuan, down 16% year on year, after deducting 730 million yuan.
中國外運：二零二四年第一季度報告
Sinotrans (601598.SH): Net profit of 800 million yuan in the first quarter fell 16.05% year on year
GLONGHUI, April 29丨Sinotrans (601598.SH) released its first quarter report. Operating revenue was 24.287 billion yuan, up 8.09% year on year, net profit of 800 million yuan, down 16.05% year on year, after deducting non-net profit of 731 million yuan, down 14.79% year on year, with basic earnings of 0.1101 yuan per share.
Sinotrans (601598): Q1 achieved net profit of 803 million yuan in air transport channel business volume +23% year-on-year
Key investment events: The company released its 2024 quarterly report. Q1 achieved net profit of 803 million yuan. In Q1, the company achieved operating income of 24.287 billion yuan, +8.09% over the same period last year, and achieved a net profit of 8.0 million yuan to mother
Express News | Sinotrans invests in the establishment of a supply chain company with business including satellite communication services
Changes in Hong Kong stocks | most shipping stocks are rising, and the escalation of geographical conflicts compounded by price increases, and the European shipping index continues to reach new highs
The Zhitong Finance App learned that most shipping stocks rose. As of press release, COSCO Marine (01138) rose 4.26% to HK$9.06; Pacific Shipping (02343) rose 2.91% to HK$2.72; Sinotrans (00598) rose 1.18% to HK$4.3; and Dongfang Overseas International (00316) rose 0.95% to HK$105.9. According to news, on April 25, the main futures contract of the Shipping Index (European line) opened more than 6% higher, breaking 2,800 points at one point, continuing to hit a new high since listing. MSC, Maersk, and Dafei all drastically raised their May shipping schedules
Hong Kong Stock Concept Tracking | The shipping market has set off a “wave of price increases”! The increase of nearly 70% on some routes indicates that long-term supply pressure still exists (with concept stocks)
The shipping market has obvious off-peak season characteristics, and the increase in freight rates generally accompanies the peak shipping season.
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