Stock Track | SITC Soars 5.14% as CICC Raises Target Price and Profit Forecasts

Stock Track

Aug 18, 2025

Shares of SITC (01308) surged 5.14% in pre-market trading on Monday after CICC, a leading investment bank, released a bullish research report on the company. The report highlighted SITC's better-than-expected performance and raised its profit forecasts and target price for the shipping company.

CICC has increased SITC's net profit forecasts for 2025 and 2026 by 38.9% each, to US$1.26 billion and US$1.06 billion respectively. The investment bank maintained its outperform rating on SITC and raised the target price by 15.2% to HK$28 per share, representing a 4.3% upside potential from the current stock price.

The optimistic outlook is based on several factors, including SITC's strong first-half 2025 results, which slightly exceeded expectations. The company reported a 79.7% year-over-year increase in net profit attributable to shareholders, reaching US$630 million. SITC also benefited from better-than-anticipated freight rates and improved gross and net margins. Additionally, CICC noted the continued supply tightness in the sub-3,000 TEU small vessel market where SITC operates, and the positive demand prospects stemming from Southeast Asian economic growth and continued industrial transfer within Asia.

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The report highlighted SITC's better-than-expected performance and raised its profit forecasts and target price for the shipping company.</p>\n\n<p>CICC has increased SITC's net profit forecasts for 2025 and 2026 by 38.9% each, to US$1.26 billion and US$1.06 billion respectively. The investment bank maintained its outperform rating on SITC and raised the target price by 15.2% to HK$28 per share, representing a 4.3% upside potential from the current stock price.</p>\n\n<p>The optimistic outlook is based on several factors, including SITC's strong first-half 2025 results, which slightly exceeded expectations. The company reported a 79.7% year-over-year increase in net profit attributable to shareholders, reaching US$630 million. SITC also benefited from better-than-anticipated freight rates and improved gross and net margins. Additionally, CICC noted the continued supply tightness in the sub-3,000 TEU small vessel market where SITC operates, and the positive demand prospects stemming from Southeast Asian economic growth and continued industrial transfer within Asia.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01308","symbol_name":"海丰国际","start_time":0,"source_url":"","article_id":"1177481957","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1177481957","pubTimestamp":1755481610,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of SITC (01308) surged 5.14% in pre-market trading on Monday after CICC, a leading investment bank, released a bullish research report on the company. 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