01308 Overview

Market Performance: Hong Kong stocks fell on the first trading day after the Lunar New Year, with the HSI down 1.1% to 26,413, while total market turnover reached $165.373 billion.

Oil Sector Gains: Oil producers PETROCHINA and CNOOC saw significant intraday gains, with CNOOC hitting an all-time high, while other energy-related stocks also performed well.

Robotics Stocks Surge: The popularity of a robot martial arts performance at the CCTV Spring Festival Gala led to sharp increases in robotics stocks, with DOBOT and ROBOSENSE experiencing notable gains.

AI IPOs Performance: Three major AI-related IPOs, including HAIZHI TECH GP and KNOWLEDGE ATLAS, saw substantial price increases, with KNOWLEDGE ATLAS's turnover exceeding $3.2 billion.

Market Performance: The HSI fell by 161 points (0.6%) to 26,544, while the HSCEI and HSTECH also experienced declines, with total market turnover reaching HKD91.755 billion.

Oil and Energy Stocks Surge: PETROCHINA and CNOOC saw significant gains of 4.6% and 3.3%, respectively, with CNOOC hitting an all-time high, while other energy-related stocks also performed well.

Robotics and AI Stocks Rally: Following a viral performance at the CCTV Spring Festival Gala, robotics stocks like DOBOT and ROBOSENSE surged by over 19%, alongside strong performances from AI model stocks.

Tech Sector Declines: Major tech companies such as Alibaba, Baidu, and Tencent faced losses, with declines ranging from 1.4% to 7.8%, while several other tech stocks also experienced significant drops.

Stock Performance: SITC (01308.HK) opened up 1.07% on the 28th, peaked at HKD29.14, and last traded at HKD28.96, reflecting a 3.5% increase with a trading volume of 2.1134 million shares.

Short Selling Data: The short selling amount reached $36.85 million, with a ratio of 27.685%.

Profit Forecast: The company issued a positive profit alert, projecting a 16-18.9% increase in profit attributable to shareholders for 2025, estimating it to be between USD1.2-1.23 billion.

Growth Drivers: The anticipated profit growth is attributed to increased container shipping volume and rising freight rates, supported by the stable expansion of the Asian market and the company's reputation as a quality service provider.

Resumption of Shipping Routes: Maersk will resume its shipping route from India and the Middle East to the US East Coast via the Red Sea and Suez Canal, following similar moves by CMA CGM and the Ocean Alliance.

Impact on Freight Rates: The resumption of these routes is expected to increase shipping capacity by 7-8%, leading to a forecasted decline in freight rates by 9-16% this year, contingent on ongoing disruptions in the Red Sea.

Financial Risks for Shipping Companies: A potential 10% drop in freight rates could significantly impact Maersk's EBIT margin, resulting in losses for both Maersk and Hapag-Lloyd.

Investment Ratings: HSBC Global Investment Research has assigned a Buy rating to Maersk due to its logistics and terminal operations, while maintaining Underweight ratings for COSCO SHIP HOLD and OOIL, and a Hold rating for SITC.

Airline Stock Performance: Air China, China Southern Airlines, and China Eastern Airlines experienced declines in share prices, while BOC Aviation and Travelsky Tech saw slight increases, with most airlines rated as "Overweight" by analysts.

Short Selling Activity: Significant short selling was noted across various airlines, with China Southern Airlines having the highest ratio at 18.053%, indicating investor skepticism about future performance.

Express Delivery Platforms: ZTO Express is rated "Overweight," while J&T Express and JD Logistics faced minor declines, with both rated as "Equalweight."

Shipping Sector Overview: COSCO Ship Energy showed a positive performance with a 3.431% increase, while other shipping companies like SITC and OOIL experienced declines, with varying ratings from "Overweight" to "Underweight."

Special Dividend Announcement: SITC has declared a special dividend of $0.7 (US$0.09) per ordinary share for its shareholders.

Record Date and Payment: The record date for determining entitlement to the dividend is set for 12 January 2026, with distribution expected on 15 January 2026.