03877 CSSC SHIPPING
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CSSC SHIPPING News
CSSC SHIPPING (03877) subsidiary has received financing from Banks of up to 0.96 billion yuan.
CSSC SHIPPING (03877) announced that on December 10, 2024, a wholly-owned subsidiary of the company (made...
cssc shipping (03877.HK): The interim results meet expectations, returning to the Hong Kong Stock Connect, accelerating value recovery.
Investment Highlights: Event: cssc shipping released its 2024 interim performance announcement. In H1 2024, the company achieved revenue of 1.966 billion Hong Kong dollars, a 13% year-on-year increase, with a net income attributable to the parent company of 1.327 billion Hong Kong dollars, a year-on-year increase
CSSC (Hong Kong) Shipping Unit to Lease Overhead Cranes to Associates
cssc shipping (03877.HK): CSSC Tianjin has entered into a leasing agreement with Guangxi Wenship, Huawenpu Ruship.
On November 20th, Gelonghui reported that cssc shipping (03877.HK) announced that on November 20, 2024, China Shipbuilding Tianjin and Guangxi Wenchuan and Huang Wenzheng Chong Shipbuilding signed leasing agreement II. According to leasing agreement II, China Shipbuilding Tianjin agrees to lease another batch of equipment to Guangxi Wenchuan and Huangpu Wenchong Shipbuilding for a period of 72 months, with a total rental payment of 37.152 million yuan. "Equipment" refers to (i) three 350-ton general bridge cranes and (ii) two 100-ton general bridge cranes.
CSSC Shipping (03877) plans to provide guarantees for Sea Ruby and Sea Sapphire.
CSSC Shipping (03877) announced that on October 29, 2024 (after the trading session), the company...
CSSC SHIPPING To Go Ex-Dividend On October 18th, 2024 With 0.03 HKD Dividend Per Share
September 28th (Beijing Time) - $CSSC SHIPPING(03877.HK)$ is trading ex-dividend on October 18th, 2024.Shareholders of record on October 21st, 2024 will receive 0.03 HKD dividend per share on
CSSC SHIPPING: Interim Report 2024
gtja: Saudi Arabia may increase production within the year, reaffirming that crude oil production increases will be bullish for oil shipping.
Overseas media reported that Saudi Arabia may increase production within the year, which will catalyze significant changes in the market's outlook on OPEC+ production strategy and expectations for crude oil production growth. It is reiterated that an increase in crude oil production will be bullish for oil shipping.
Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
cssc offshore & marine engineering and cssc shipping successfully held a joint mid-term performance conference in 2024.
On September 24, 2024, CSSC Offshore & Marine Engineering Co., Ltd. (CSSC Offshore, stock code: 600685.SH/0317.HK) and China CSSC Group (Hong Kong) Shipping Leasing Co., Ltd. (CSSC Shipping, stock code: 3877.HK) successfully held the 2024 mid-year performance joint press conference at the Shangri-La Hotel in Admiralty, Hong Kong. Mr. Chen Liping, Executive Director and General Manager of CSSC Offshore, and Mr. Li Hongtao, Executive Director and Chairman of CSSC Shipping, as well as several company executives attended the meeting. The conference invited institutions investors, analysts, and media.
China CSSC: Intends to exchange shares to absorb and merge China Shipbuilding Industry. Trading will resume from tomorrow.
On September 18th, China CSSC announced that the company's stocks have been suspended since September 3rd, 2024 due to the planned major asset restructuring. The stocks will resume trading on September 19th, 2024. This major asset restructuring involves China CSSC issuing A-shares to all shareholders of China Shipbuilding Industry through stock swaps, absorbing and merging China Shipbuilding Industry, forming related-party transactions, without causing a change in the actual controller.
The Stock Exchange of Shanghai and the Stock Exchange of Shenzhen: 33 shares will be included in the Hong Kong Stock Connect symbol from today.
The Shanghai Stock Exchange and Shenzhen Stock Exchange have announced that 33 stocks have been included in the list of Hong Kong stocks eligible for trading through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect starting today.
gtja: The willingness for capital expenditure on ship large-scaleization continues, and the top enterprises may continue to place orders for large ships within the year.
Considering the sustained capital expenditure willingness of integrated shipping companies based on the ship's large-scale development, head enterprises may continue to place orders for large ships in 2024. In contrast to the previous cycle, it is expected that the capacity constraint of the shipbuilding industry in this cycle will be better than the previous cycle, and shipyard shortage and high ship prices will be sustainable in the coming years.
GTJA: Bullish on oil shipping due to oil price decline, seize the opportunity for counter-cyclical layout.
In the past two years, the restructuring of trade and the eastward shift of refineries have driven a significant increase in oil transportation demand, and the rigidity of tanker supply has gradually become more apparent. By the first half of 2024, the oil transportation market capacity utilization rate has already reached a threshold. The market may misunderstand the logic of the impact of falling oil prices on oil transportation, so it is recommended to take a contrarian approach.
What is the secret of cssc shipping (3877.HK)'s continued leading position?
For Hong Kong-listed companies, being able to enter the Hong Kong Stock Connect means attracting more mainland investors, increasing liquidity and market attention, which is more critical in the current context of a lack of liquidity in the Hong Kong stock market. Recently, the Hang Seng Composite Index's semi-annual index review provided an important basis for subsequent adjustments to the Hong Kong Stock Connect. At the same time, a report by China International Capital Corporation (CICC) listed 33 companies that meet the criteria for inclusion in the Hong Kong Stock Connect, and CSSC Shipping stood out among them. To some extent, this also reflects market recognition of CSSC Shipping. In recent years, against the backdrop of lackluster overall performance in the Hong Kong stock market, CSSC Shipping
cssc shipping (03877.HK) wholly-owned special purpose company Fortune CSASP III entered into a bareboat charter agreement.
Gelonghui on August 30th announced that cssc shipping (03877.HK) has entered into a memorandum of understanding and bareboat charter agreement with (including) the lessee on August 30, 2024. Accordingly, Fortune CSASP III has agreed to (i) purchase ships from the lessee at a price; and (ii) sublease the ships back to the lessee for an estimated total rent of approximately 77.539 million US dollars.
CSSC Shipping (03877) has entered into a memorandum of understanding and bareboat charter agreement.
CSSC Shipping (03877) announced that on August 30, 2024, its wholly-owned special purpose company F...
CSSC Shipping (3877.HK): Performance continues to grow and will return to the Hong Kong stock exchange connect.
The company's performance in the first half of 2024 exceeded expectations, benefited from the rise in shipping prosperity and non-core income from ship sales. Market attention to the company has increased, and it will return to the Hong Kong stock exchange in September. The low valuation achieves potential high dividends, and we maintain our shareholding.
A comprehensive understanding of the mid-term performance of CSSC Shipping (3877.HK) in 2024
CSSC Shipping announced its mid-term performance for 2024, adhering to a cross-cycle global strategy of 'counter-cyclical investment and pro-cyclical operation,' with all operational performance indicators reaching new highs. During the reporting period, the company achieved a revenue of 1.966 billion Hong Kong dollars and a net income of 1.34 billion Hong Kong dollars, representing increases of 13.5% and 22.9% respectively compared to the same period in 2023. The company's average return on net assets reached 20.2%, and the average return on assets reached 6.0%, representing an increase of 4.5 percentage points and 1.5 percentage points, respectively, from December 31, 2023; the company's total assets amounted to 43.788 billion Hong Kong dollars, with a net asset value of 13.
《Performance》cssc shipping (03877.HK) reported a half-year net profit of 1.327 billion yuan, an increase of 22.3%. Dividend of 3 cents.
CSSC Shipping (03877.HK) announced its interim performance for the six months ending in June, with a revenue of 1.966 billion yuan, an increase of 13.5% YoY. Net profit recorded 1.327 billion yuan, a growth of 22.3%, with earnings per share of 21.6 cents. The interim dividend remains at 3 cents.
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