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Cosco Shipping Holdings (601919.SH): Since the second quarter, the load factor of European and American export mainline ships has been maintained at full capacity.
On July 25th, Jicheng Hue reported that investors asked Cosco Shipping Holdings (601919.SH) on the investor interactive platform, "Were the ships fully loaded during the company's second quarter? If so, how many ships were leased?" The company replied that since the second quarter, the loading rate of the company's European and American export mainline ships has remained full. As of the end of June, the proportion of external leased ship transportation capacity of Cosco Shipping's container ships remained at a level of 25%.
Hang Seng Index Company: Graham's investment philosophy may still be applicable to today's Hong Kong stock market.
Hang Seng Index Company stated that inspired by the investment philosophy of the “father of value investing”, Benjamin Graham, the company screened a basket of value stocks from the Hong Kong stock market (represented by the Hang Seng Composite Index) based on seven criteria for analysis, including quality, financial leverage, liquidity, earnings growth, P/E ratio, P/B ratio, and dividend payout. From a ten-year backtest perspective, the dynamic basket of value stocks (market cap weighted) outperformed the market by 8.6 percentage points in terms of annualized total return, indicating that Graham's investment philosophy may still be applicable to today's Hong Kong stock market and may produce positive results.
Mid-day Brief: The three major indexes fell together, with the NASDAQ dropping over 1%. Semiconductor and Apple supplier stocks fell, with BYD Electronic and Hua Hong Semi dropping over 5%.
As of press time, Hang Seng Index fell by 0.41%, CSI 300 fell by 0.47%, and ChiNext fell by 1.31%.
Hangzhou strives to double the total marine economy by 2030, with a gross ocean product (GOP) reaching 340 billion yuan.
On July 22nd, Gelunhui reported that the Hangzhou municipal government issued the implementation plan for the high-quality development and doubling of the Hangzhou Marine economy, which requires high-quality development of the marine economy as the main line, adheres to the drive of scientific and technological innovation, and accelerates the construction of a modern marine industry system with international competitiveness.
Citi downgrades Cosco Shipping Holdings (01919.HK) to "Sell" and cuts target price to HKD 8.81 in Daybreak.
Citigroup's report stated that Shanghai's spot container shipping price index recorded a weekly decline on July 12th, and futures have been falling since July 5th. This situation is slightly earlier than expected by the bank. The bank believes that the risk-return of shipping stocks has turned negative due to the end of the historical 18-month price cycle of demand growth, and the limited change in supply growth from 5% to 11% from 2021 to 2026. In addition, the worst-case scenario for the blocked Suez Canal shipping is to maintain the current level of industry supply and demand. The bank sees that investors are focusing on next year's earnings and valuation, and expects the bank to cover three Asia-Pacific shipping companies, namely Cosco Shipping Holdings (01919.
Institutions: Why are high-dividend stocks in Hong Kong stocks falling?
In the past week, the Hong Kong stock market has once again fallen under the common influence of weak economic data, uncertainties about future policy directions, and external market fluctuations, giving up the previous gains due to expectations of interest rate cuts.
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