BK1213 Harbour Transportation
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Tianjin Port Development Renews Financial Services Deal With Affiliate
Tianjin Port Development Holdings (HKG:3382) has renewed its financial services agreement with Tianjin Port Finance, a subsidiary of its controlling shareholder Tianjin Port Group, for three more year
Goldman Sachs: Target Price Raised Slightly to HK$6.9 for the “Sale” Rating for COSCO Maritime Holdings (01919)
Goldman Sachs believes that some ports in the western Mediterranean are already congested, while India and Latin America may become new drivers of demand, and there is a risk that freight rates will rise next quarter.
Statistics on changes in the share of Zhitong Hong Kong Stock Connect | May 3
According to data disclosed on May 2, 2024, Sunac China (01918.HK), Beijing Electromechanical Co., Ltd. (00187.HK), and Marco Digital Technology (01942.HK) Hong Kong Stock Connect had the largest share increase in value, increasing by 1.83%, 1.64%, and 0.99% respectively; Beijing Finance International (01468.HK), Vanke Enterprise (02202.HK), and COSCO Haineng (01138.HK) Hong Kong Stock Connect shares decreased the most, with decreases of -1.81%, -1.1.79%, and -0.79%, respectively.
Bank of America Securities: Reiterates COSCO Maritime Holdings (01919) “Buy” Rating Target Price to HK$10.5
Bank of America Securities pointed out that in view of the recent increase in spot freight rates and the impossibility of resuming Red Sea navigation in the short term, COSCO Maritime Control (01919) profits are expected to remain strong for a longer period of time, and the valuation does not reflect the future.
COSCO Shipping Development's Q1 Profit Climbs 12%
COSCO Shipping Development (HKG:2866, SHA:601866) posted a net profit attributable to shareholders of 446.7 million yuan, or 0.0330 yuan per share, in the first quarter, up 12.2% from 398 million yuan
Hong Kong stocks closed (04.30) | The Hang Seng Index rose slightly by 0.09%, domestic housing and brokerage stocks declined, and Vanke (02202) fell 9% after the performance
After the “six consecutive gains” of Hong Kong stocks, today's upward trend has slowed down. The three major stock indexes rushed higher in early trading and then fell. Only the Hang Seng Index successfully turned red.
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
Intraday Overview | Petroleum and shipping stocks strengthened, CNOOC rose 4%, and Dongfang Overseas International rose nearly 6%
Auto stocks continued to rise, with Ideal Auto rising more than 3%; coal stocks strengthened, Yankuang Energy rose nearly 4%; and L'Occitane surged nearly 10%.
Changes in Hong Kong stocks | Oriental Overseas International (00316) rose more than 5% in early trading, the shipping index (European line) futures completed the first delivery and the freight rate remained high in the short term
Oriental Overseas International (00316) rose more than 5% in early trading. As of press release, it was up 5.52% to HK$114.7, with a turnover of HK$51.7816 million.
Stocks with Chinese letters fluctuated and rallied; China Nuclear Technology and COSCO Offshore Control rose more than 3%, while China's Wuyi, COFCO Capital, China Coal Energy, Sinopec, and China Shenhua followed suit.
Stocks with Chinese letters fluctuated and rallied; China Nuclear Technology and COSCO Offshore Control rose more than 3%, while China's Wuyi, COFCO Capital, China Coal Energy, Sinopec, and China Shenhua followed suit.
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.
Express News | HSBC upgraded COSCO Offshore's H share rating to buy, with a target price of HK$11.50.
Cosco Shipping Development: Increase in Revenue From Container-Manufacturing Business Supported Results >2866.HK
Cosco Shipping Development: Increase in Revenue From Container-Manufacturing Business Supported Results >2866.HK
Cosco Shipping Development 1Q Rev CNY4.94B Vs. CNY3.56B >2866.HK
Cosco Shipping Development 1Q Rev CNY4.94B Vs. CNY3.56B >2866.HK
Cosco Shipping Development 1Q Net CNY446.67M Vs. Net CNY398.03M >2866.HK
Cosco Shipping Development 1Q Net CNY446.67M Vs. Net CNY398.03M >2866.HK
中遠海控：2024年第一季度報告
COSCO Marine Holdings (01919) nominated and elected Zhang Feng as Executive Director
COSCO Marine Control (01919) issued an announcement. Zhang Wei has submitted his resignation due to job changes and voluntarily resigns as an executive director...
COSCO Haifa (02866) subsidiary launches monetary financial derivatives business
Zhitong Finance App News, COSCO Haifa (02866) announced that in order to properly control interest rates and exchange rate risks, adhere to neutral risk management principles, and develop currency financial derivatives business. The transaction types include interest rate swaps, cross-currency swaps, foreign exchange forwards, etc. The transaction amount for 2024 was 2.1 billion US dollars. The scale of financial derivatives business this year did not exceed the above amount, and did not involve security deposits or royalties. The operating period for the above quota business is from April 29, 2024 to December 31, 2024.