BUZZ-Logistic group SITC climbs most in near 3 months on solid earnings outlook

Reuters01-28
BUZZ-Logistic group SITC climbs most in near 3 months on solid earnings outlook

** Shares of SITC International Holdings 1308.HK climb 4.9% to HK$29.36, on course for the biggest one-day pct rise since November 3

** Stock hit the highest since December 16 on the eighth consecutive session of gain

** Container transportation and freight forwarding services provider expects its 2025 net profit to rise 16%-18.9% y/y to $1.2-$1.23 bln due to Asian market expansion with container shipping volume up 7.8% y/y and average freight rate up 4.4% y/y

** YTD, stock up 7.4%, Hang Seng Commerce & Industry Index .HSNC up 6.6%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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