Hong Kong Stocks Movement | SITC (01308) Jumps Over 4% After Profit Alert, Expects 2025 Annual Shareholder Profit to Increase 16.0%-18.9% YoY

Stock News01-28

SITC (01308) surged more than 4% following a positive profit alert. At the time of writing, the stock was up 4.15%, trading at HK$29.14 with a turnover of HK$45.23 million. On January 27, SITC released an announcement projecting its unaudited profit attributable to shareholders for the year ending December 31, 2025, to be approximately between $1.2 billion and $1.23 billion. This represents an increase of about 16.0% to 18.9% compared to the year ending December 31, 2024. For the year ending December 31, 2025, container volume is expected to be approximately 3.85 million TEUs, an increase of about 7.8% from the previous year. The average freight rate, excluding swap slot revenue, is projected to be about $753.0 per TEU, rising approximately 4.4% compared to the prior year. The company attributes this growth primarily to the stable expansion of the Asian market, which has driven an increase in the group's container volume, coupled with the group's positioning as a premium service provider leading to higher freight rates.

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