Major Bank Rating | Citigroup: Downgrades COSCO Shipping Holdings' Target Price to HKD 12.1, rating dropped to "Sell".
On June 25, Gelonghui reported that Citibank stated the most discussed topics with investors are whether the Asia shipping Industry (investment storyline) has come to an end and how to allocate positions. It is believed, based on the expectation that equal tariff rates will not return since early April, that there is still room for development in the container industry in the second half of the year. The freight from U.S. retailers is showing a moderate slowdown, and container imports have been declining year-on-year since May, indicating a demand for restocking. Additionally, by 2026, the supply of new total tonnage in the Industry will gradually slow down. The bank believes that COSCO Shipping Holdings' stock price has risen approximately 20% year-on-year since the beginning of the year, coupled with the escalation of U.S.-China trade tensions, resulting in negative risk-return.
HSBC lowers the Target Price for shipping stocks, with the ratings for Orient Overseas (00316.HK) and COSCO SHP SG (01919.HK) downgraded to 'Shareholding'.
HSBC Global Research indicates that the shipping stocks covered by the bank have averaged a 12% increase this year. Trans-Pacific shipping experienced early shipments due to tariff concerns, supporting first-quarter profits. Although corresponding tariff delays led to a 73% rise in the Shanghai Containerized Freight Index (SFCI) during the second quarter, the index has already retreated by 17% from its peak due to weaker bookings. The bank expects tariff uncertainties to pressure shipping demand in the second half of the year, with market focus shifting back to overcapacity and profit declines. The bank believes the positive impact of tariff delays has already been reflected in stock prices, but tariff uncertainties and overcapacity may pressure profits. The bank has downgraded its forecast for SITC (01308).
Citi has downgraded COSCO Shipping Holdings (01919.HK) rating to "Sell" and lowered the Target Price to 12.1 yuan.
Citi released a report indicating that the most frequently discussed topic with investors is whether the situation in the Asia shipping Industry (investment story) has come to an end and how to allocate positions. It is believed that based on the equal tariff rates not returning in early April, the container industry still has room for development in the second half of the year. U.S. retailers' freight has moderately slowed, and container imports have been declining year-on-year since May, indicating a demand for restocking. Additionally, the supply of new gross tonnage in the industry is expected to gradually slow down by 2026. Citi covers three Asia-Pacific liner companies with an estimated price-to-book ratio of about 0.8 times in 2026, estimating the ROI to be around 5% to 9%. The bank believes that COSCO SHP SG (019
COSCO SHIPPING Holdings Co (CICOF) Was Downgraded to a Sell Rating at Citi
Express News | Overview of Dividends in A-shares: 67 stocks have their equity registration today.
Ships Go Off Course Near Hormuz Strait After Navigation Systems Jammed
Express News | The A-share market is experiencing a wave of 'red envelope rain' this week with over 300 A-shares distributing Dividends.
Hong Kong market overview | All three major indices rose, the Tech Index increased by 1.05%; Network Technology stocks climbed, Meituan rose over 2%; Consumer Concept stocks rebounded, MAO GEPING and old gold shops rose over 7%.
Multiple stocks in Network Technology are rising, with MEITUAN-W up 2.18% and KUAISHOU-W up 2.13%; biotechnology stocks are strengthening, with Jingtai Holdings down 8.16% and REMEGEN up 6.73%; shipping and port stocks are all rising, with PACIFIC BASIN up 19.80% and COSCO SHIP ENGY up 4.79%.
Two super tankers sailed away from the Strait of Hormuz after an attack on Iran by the United States.
According to Bloomberg, after the United States launched airstrikes against Iran, two super tankers suddenly turned around after entering the Strait of Hormuz and then headed south, leaving the entrance of the Persian Gulf. The report indicates that since the Israeli airstrike on June 13, the issues of interference with Electric Appliances and signals on vessels in the Persian Gulf have been increasingly serious, and shipowners and traders are closely monitoring the impact of escalating tensions in the Middle East on shipping. Today (23rd), shipping stocks performed well, with PACIFIC BASIN (02343.HK) opening up 0.5% and then expanding its gains, reaching a high of 2.52 HKD. It is currently reported at 2.31 HKD, up 14.36%, with a turnover of 0.391 billion.
Soared 154% in a week! Oil transportation freight rates increased during the off-season. Is another maritime "throat" blocked?
① The Baltic Crude Oil Product Freight Index (BDTI) TD3C TCE has reached the highest level since April of last year. ② Analysts say that if the Strait of Hormuz were to close, Crude Oil Product freight rates would be prone to increases and hard to reduce, and VLCC daily rental rates may struggle to return below $0.05 million per day.
Hong Kong Stock Midday Review | The three major Indexes opened low and rose, with the technology Index closing flat; semiconductor stocks rose, HUA HONG SEMI increased by over 7%; new consumption Concept stocks warmed up, with Lao Pu Gold rising by over 7
Network Technology stocks generally declined, with Alibaba-W down 1.61% and JD-SW down 1.43%; restaurant stocks rose across the board, with Little Garden up 10.73% and DPC DASH up 4.87%; shipping and port stocks rose as well, with PACIFIC BASIN up 20.30% and Dexion Ocean up 5.78%.
Most sectors of shipping and ports have risen, with the escalation of the Middle East conflict causing oil transport prices to soar above 0.06 million dollars.
On the news front, on June 21 local time, U.S. President Trump stated on Social Media that the United States has completed attacks on three Iranian nuclear facilities in Fordow, Natanz, and Isfahan.
The world's largest shipowner organization warns that shipping threats around the Arabian Peninsula are increasing.
Due to the escalation of conflict between Israel and Iran and the U.S. strikes on Iranian nuclear facilities, the threats to commercial cargo ships in the Strait of Hormuz, Red Sea, and Gulf of Aden are rising. The Baltic and International Maritime Council (Bimco) has warned that Iran may use anti-ship missiles or drones to attack vessels in the Strait of Hormuz, which is a crucial hub for oil and gas transport, while the threat from the Houthi armed group is also increasing. A spokesperson for Hapag-Lloyd told CNBC that U.S. warships and those associated with Israel or the U.S.
Hong Kong market quick view | The three major Indexes closed higher, with the Technology Index slightly up by 0.88%. Network Technology stocks rose, with Xiaomi Group increasing by nearly 2%; Gold stocks were mixed, with Zijin Gold dropping by nearly 10%.
Network Technology stocks are rising, XIAOMI-W is up 1.89%, Alibaba is up 1.55%; shipping and port stocks are higher, TSMC Shipping is up 35.68%, COSCO SHIP PORT is up 3.43%; bank stocks have increased, China Construction Bank Corporation is up 3.34%, Industrial And Commercial Bank Of China is up 2.82%.
Hong Kong Stock Afternoon Review | All three major Indexes rose, with the Hang Seng Index up by 1.15%; insurance and China Mainland Banking stocks increased, with New China Life Insurance rising over 4%; some new consumption Concept stocks adjusted, Bloks
Network Technology stocks rose broadly, with Bilibili-W up 1.94% and Alibaba-W up 1.00%; semiconductor stocks strengthened, with Beck falling by 3.85% and SOLOMON SYSTECH up 3.61%; bank stocks generally went up, with Industrial And Commercial Bank Of China increasing by 3.15% and China Construction Bank Corporation up 2.94%.
Hong Kong stocks fluctuation | Container shipping stocks fell broadly today, OOIL (00316) dropped over 4% during the session. Institutions stated that the situation in the Middle East has relatively little direct impact on container shipping.
Today, the shipping stocks have generally declined. As of the time of writing, COSCO SHIPPING Development (02866) is down 2.8%, trading at 1.04 HKD; OOIL (00316) is down 2.52%, trading at 131.4 HKD; COSCO Shipping Holdings (01919) is down 2.01%, trading at 13.66 HKD; SITC (01308) is down 1.19%, trading at 25 HKD.
COSCO Shipping Holdings (01919.HK) received a Shareholding increase of 19.4369 million shares from JPMorgan.
On June 19, according to the latest equity disclosure information from the Hong Kong Stock Exchange, on June 13, 2025, COSCO Shipping Holdings (01919.HK) was further invested by JPMORGANCHASECO with an average price of HKD 13.9644 per share, acquiring 19.4369 million shares, involving approximately HKD 0.271 billion. After the shareholding, the latest number of shares held by JPMORGANCHASECO is 145,579,990 shares, with the shareholding ratio increasing from 4.38% to 5.05%.
S&P Global Market Intelligence has listed the top ten shorted Hong Kong stocks recently.
S&P Global Market Intelligence listed the top ten short-sold stocks in Hong Kong as of last Friday (June 13). The data is calculated based on the securities finance dataset from S&P Global Market Intelligence. The indicator for calculating short selling (short selling ratio) is the percentage of borrowed shares relative to the issued shares.
J.P. Morgan: If regional conflicts escalate further, oil prices may once again reach $120 per barrel. Bullish on PETROCHINA (00857).
The bank believes that the recent increase of $15 per barrel is partly due to speculation, with more than $10 of the increase attributed to the rise in good positions.
Express News | Deepen external openness and cooperation, the Shanghai Stock Exchange organizes listed companies to promote and exchange in Europe.