CICC: Freight rates may remain high in the short term to improve the certainty of profits and dividends for shipping companies this year

Recently, freight rates have continued to rise due to continued detours in the Red Sea, increased demand for US routes, shipping companies' capacity control, and pre-May Day shipments.

Zhitong Finance11:12

Featured announcements | The total amount of AIA share repurchase plans increased to US$12 billion; Sinopec's net profit for the first quarter decreased 8.9% year-on-year

China Shenhua's net profit for the first quarter was 15.884 billion yuan, a year-on-year decrease of 14.7%; China Life Insurance's net profit for the first quarter was 20.644 billion yuan, a decrease of 9.3% year-on-year.

cls.cn07:49

Guoxin Securities released a research report on April 28 stating that it gave COSCO Haineng (600026.SH) a purchase rating. The main reasons for the rating include: 1) COSCO Marine released its 2024 quarterly report; 2) foreign trade oil transportation is

Guoxin Securities released a research report on April 28 stating that it gave COSCO Haineng (600026.SH) a purchase rating. The main reasons for the rating include: 1) COSCO Marine released its 2024 quarterly report; 2) foreign trade oil transportation is basically stable, and domestic oil transportation has increased; 3) the supply and demand pattern and geopolitics drive up the value of tanker assets; 4) the foreign trade oil transportation business is expected to rise sharply in volume and price in 2024. (Mainichi Keizai Shimbun)

Zhitong FinanceApr 28 17:42

Research Report Nuggets丨Huachuang Securities: Maintaining COSCO Haineng's “Recommended” Rating, Target Price 21.1 Yuan

Gelonghui, April 28 | Huachuang Securities Research Report pointed out that COSCO Haineng (600026.SH)'s net profit in Q1 was 1.24 billion yuan, +12.8% over the same period last year. It continues to be optimistic that the industry will improve under the supply and demand pattern and geographical disturbances. As a highly elastic variety, the supply logic is clear. Once the demand boom rises, freight rate flexibility is huge. Referring to the high point of the 15-year oil transportation boom cycle, the company is given a 2.5 times PB valuation in 2024, and a target price of 21.1 yuan. It is expected to maintain a “recommended” rating of 34% compared to the current price.

Gelonghui FinanceApr 28 15:23

Qingang Co., Ltd. (03369) plans to sell 13 tugboats to Zhiyuan Shipping Company

Qin Gang Co., Ltd. (03369) announced that on April 26, 2024 (after the trading period), in order to better serve the company...

Zhitong FinanceApr 26 21:32

天津港發展：2023年年報

Futu NewsApr 26 20:29 · Announcements