Morgan Stanley: SITC's (01308) Preliminary 2023 Results Slightly Beat Expectations; 2024 Outlook Mixed

Stock News01-28

Morgan Stanley issued a research report, assigning a target price of HK$26.4 to SITC (01308) with a "Market Perform" rating. SITC released preliminary results, estimating its net profit for last year to be between $1.2 billion and $1.23 billion (market consensus was $1.19 billion), representing a year-on-year increase of 16% to 18.9%. The performance is considered to be slightly above market consensus, although the market's reaction to last year's earnings is expected to be limited.

Morgan Stanley also believes that, amid supply chain shifts and geopolitical dynamics, the resilience of intra-Asia demand presents an upside risk, while the ongoing downturn in the global container shipping industry constitutes a downside risk. Should China-Japan trade deteriorate significantly, SITC's relatively high exposure to the Japan route could pose a risk.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1196151192?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-28 15:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1196151192","market":"us","top_or_hot":-1,"title":"Morgan Stanley: SITC's (01308) Preliminary 2023 Results Slightly Beat Expectations; 2024 Outlook Mixed","media":"Stock News","content":"<p>Morgan Stanley issued a research report, assigning a target price of HK$26.4 to SITC (01308) with a \"Market Perform\" rating. SITC released preliminary results, estimating its net profit for last year to be between $1.2 billion and $1.23 billion (market consensus was $1.19 billion), representing a year-on-year increase of 16% to 18.9%. The performance is considered to be slightly above market consensus, although the market's reaction to last year's earnings is expected to be limited.</p>\n<p>Morgan Stanley also believes that, amid supply chain shifts and geopolitical dynamics, the resilience of intra-Asia demand presents an upside risk, while the ongoing downturn in the global container shipping industry constitutes a downside risk. Should China-Japan trade deteriorate significantly, SITC's relatively high exposure to the Japan route could pose a risk.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley: SITC's (01308) Preliminary 2023 Results Slightly Beat Expectations; 2024 Outlook Mixed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley: SITC's (01308) Preliminary 2023 Results Slightly Beat Expectations; 2024 Outlook Mixed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-01-28 15:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Morgan Stanley issued a research report, assigning a target price of HK$26.4 to SITC (01308) with a \"Market Perform\" rating. SITC released preliminary results, estimating its net profit for last year to be between $1.2 billion and $1.23 billion (market consensus was $1.19 billion), representing a year-on-year increase of 16% to 18.9%. The performance is considered to be slightly above market consensus, although the market's reaction to last year's earnings is expected to be limited.</p>\n<p>Morgan Stanley also believes that, amid supply chain shifts and geopolitical dynamics, the resilience of intra-Asia demand presents an upside risk, while the ongoing downturn in the global container shipping industry constitutes a downside risk. Should China-Japan trade deteriorate significantly, SITC's relatively high exposure to the Japan route could pose a risk.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999011746.SGD","symbol_name":"PINEBRIDGE INTERNATIONAL FUNDS - ACORNS OF ASIA BA (SGD) ACC","start_time":0,"source_url":"","article_id":"1196151192","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1196151192","pubTimestamp":1769583856,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Morgan Stanley issued a research report, assigning a target price of HK$26.4 to SITC (01308) with a \"Market Perform\" rating. SITC released preliminary results, estimating its net profit for last year...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999011746.SGD":"PINEBRIDGE INTERNATIONAL FUNDS - ACORNS OF ASIA BA (SGD) ACC","IE0003795394.USD":"BNY MELLON ASIAN EQUITY \"A\" (USD) ACC","IE00B12V2V27.USD":"柏瑞亚洲小盘股A(除日本)","IE0003851619.USD":"BNY MELLON ASIAN EQUITY \"B\" (USD) ACC","IE00BYQNZ168.SGD":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5CP\" (SGD) ACC","01308":"海丰国际","IE00BYTNYN87.SGD":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5\" (SGD) ACC","BK1103":"海运","BK1541":"物流"},"translate_title":"大摩：海丰国际(01308)2023年初步业绩略胜预期；2024年前景好坏参半","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01308":1},"content_text":"Morgan Stanley issued a research report, assigning a target price of HK$26.4 to SITC (01308) with a \"Market Perform\" rating. SITC released preliminary results, estimating its net profit for last year to be between $1.2 billion and $1.23 billion (market consensus was $1.19 billion), representing a year-on-year increase of 16% to 18.9%. The performance is considered to be slightly above market consensus, although the market's reaction to last year's earnings is expected to be limited.\nMorgan Stanley also believes that, amid supply chain shifts and geopolitical dynamics, the resilience of intra-Asia demand presents an upside risk, while the ongoing downturn in the global container shipping industry constitutes a downside risk. Should China-Japan trade deteriorate significantly, SITC's relatively high exposure to the Japan route could pose a risk.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1196151192","isCrawlerRequest":true}