Summary of Key Points Core Viewpoint - The report highlights the top short-selling stocks in the market, indicating significant investor sentiment against these companies, with notable short-selling ratios and amounts for specific stocks [1][2]. Group 1: Top Short-Selling Ratios - Anta Sports (82020) has the highest short-selling ratio at 100.00% with a short-selling amount of 97,800 CNY [2]. - China National Offshore Oil Corporation (80883) follows with a short-selling ratio of 90.59% and a short-selling amount of 1,305,000 CNY [2]. - Tencent Holdings (00700) has a short-selling ratio of 87.99% with a short-selling amount of 1,125,000 CNY [2]. Group 2: Top Short-Selling Amounts - Meituan (03690) leads in short-selling amount with 1.136 billion CNY and a short-selling ratio of 23.98% [2]. - Xiaomi Group (01810) has a short-selling amount of 1.04 billion CNY and a short-selling ratio of 16.20% [2]. - Tencent Holdings (00700) also appears in this category with a short-selling amount of 1.007 billion CNY and a short-selling ratio of 15.29% [2]. Group 3: Top Short-Selling Deviation Values - Tencent Holdings (80700) has the highest deviation value at 45.57%, indicating a significant difference from its average short-selling ratio over the past 30 days [2]. - China National Offshore Oil Corporation (80883) has a deviation value of 42.14% [2]. - China State Construction International (03311) shows a deviation value of 34.50% [2].

Core Viewpoint - UBS reports that Sea Freight International (01308) has seen a 35% increase in stock price this year due to strong freight rates and healthy growth in container transport volume, reaching a new high following preliminary results from Jinjiang Shipping (601083) and Dexion Shipping (02510) for the first half of the year [1] Group 1: Financial Performance - UBS predicts a year-on-year decline in profits for the second half of the year, primarily due to last year's high base [1] - The firm has adjusted its earnings per share forecasts for Sea Freight International for 2025 to 2027 down by 6%, 8%, and 9% respectively, reflecting a cautious outlook on second-half freight volumes and rates [1] Group 2: Stock Rating and Price Target - UBS believes that the current stock price fully reflects the company's higher return premium compared to peers, thus downgrading the rating from "Buy" to "Neutral" [1] - The target price for Sea Freight International has been reduced from HKD 28 to HKD 26.5 [1]

Group 1 - UBS reports that Sea Freight International (01308) has seen a 35% increase in stock price this year due to strong freight rates and healthy growth in container transportation volume [1] - The stock reached a new high following preliminary performance announcements from Jinjiang Shipping (601083.SH) and Dexion Shipping (02510) for the first half of the year [1] - UBS predicts a year-on-year decline in profits for the second half, primarily due to last year's high base [1] Group 2 - UBS believes that the current stock price fully reflects the company's higher return premium compared to peers, thus downgrading the rating from "Buy" to "Neutral" [1] - The earnings per share forecasts for Sea Freight International for 2025 to 2027 have been reduced by 6%, 8%, and 9% respectively, reflecting a cautious outlook on second-half freight volumes and rates [1] - The target price has been lowered from HKD 28 to HKD 26.5 [1]

Core Viewpoint - SeaLand International Holdings Limited has established itself as a leading container shipping company in Asia over the past 30 years, with a strong focus on integrated logistics networks and a significant fleet of container ships [1][2]. Group 1: Company Overview - The company was founded over 30 years ago and is currently a leader in the container shipping sector in Asia [1]. - The controlling shareholder is founder Yang Shaopeng, who, along with his family trust, holds 41.25% of the company's shares [1]. - As of the end of 2024, the company operates 114 container ships, with 100 owned vessels, accounting for approximately 88% of its fleet [1]. Group 2: Financial Performance - In 2024, the company achieved a revenue of $3.06 billion and a net profit attributable to shareholders of $1.03 billion, representing year-on-year increases of 25.9% and 93.5%, respectively [1]. - The company's debt-to-asset ratio stands at 24.3%, a decrease of 2.9 percentage points year-on-year [1]. - The company’s container throughput reached 3.57 million TEUs in 2024, a year-on-year increase of 10.7%, with an average freight rate of $721 per TEU, up 15.7% year-on-year [2]. Group 3: Market Dynamics - The supply-demand structure in the Asian container shipping market is improving, supported by high trade volumes among major developed economies and expanding trade between China and ASEAN [1]. - The total import and export volume between China and ASEAN is expected to grow by 8.2% year-on-year in the first half of 2025, with container shipping volume to Southeast Asia increasing by 19.7% [1]. Group 4: Competitive Advantage - The management team has an average of over 28 years of experience in the shipping industry, enabling the company to navigate through cycles effectively [2]. - The company focuses on differentiated services through an integrated logistics network in the Asian region [2]. - The company has a low operating cost structure, with a calculated cost per container of $463 per TEU in 2024, down 8.4% year-on-year [2]. Group 5: Investment Outlook - The company is projected to generate revenues of $3.285 billion, $3.353 billion, and $3.406 billion from 2025 to 2027, with year-on-year growth rates of 7.4%, 2.1%, and 1.6%, respectively [2]. - Net profit attributable to shareholders is expected to be $1.122 billion, $1.072 billion, and $1.011 billion over the same period, with year-on-year changes of 9.1%, -4.4%, and -5.7% [2]. - The company has a strong track record of shareholder returns, with cumulative dividends of HKD 38.9 billion from 2010 to 2024, averaging a payout ratio of 78% [2].

Core Viewpoint - UBS reports that Sea Freight International's stock price has increased by 35% this year due to strong freight rates and healthy growth in container transportation in the Asia region, reaching a new high after preliminary results from Jinjiang Shipping and Dexion Shipping were announced [1] Group 1: Financial Performance - UBS predicts a year-on-year decline in profits for the second half of the year, primarily due to last year's high base [1] - The firm has adjusted its earnings per share forecasts for Sea Freight International for 2025 to 2027 down by 6%, 8%, and 9% respectively, reflecting a cautious outlook on freight volumes and rates for the second half of the year [1] Group 2: Stock Rating and Target Price - UBS has downgraded its rating for Sea Freight International from "Buy" to "Neutral" as the current stock price fully reflects the company's higher return premium compared to peers [1] - The target price has been reduced from HKD 28 to HKD 26.5 [1]

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [3][5][15]. Core Views - The company has successfully navigated through 30 years of the container shipping cycle, establishing itself as a leading player in the Asian regional container shipping market. The supply-demand balance in the region is tight, and freight rates are expected to remain stable. The company has built a differentiated competitive advantage and provides robust shareholder returns, with cumulative dividends of HKD 38.9 billion from 2010 to 2024, averaging a payout ratio of 78% [3][10][15]. Summary by Sections Company Overview - The company, established in 1991, has become a leading shipping logistics enterprise in Asia, focusing on container transportation, international freight forwarding, and integrated logistics services. It operates a high-density service network covering 81 major ports across 17 countries and regions, with a fleet of 114 container ships, of which 100 are owned [10][20][24]. Industry Supply and Demand - The demand for container shipping in Asia is supported by high trade volumes among developed economies and the growing trade between China and ASEAN countries. The container trade volume between China and ASEAN is expected to grow by 8.2% year-on-year in the first half of 2025, with container volumes from China to Southeast Asia increasing by 19.7% [32][33][40]. On the supply side, the feeder vessel fleet is experiencing limited growth, which may lead to supply constraints [49][63]. Competitive Advantages - The company's management team has an average of over 28 years of experience in the shipping industry, enabling it to navigate through various cycles effectively. The company focuses on providing differentiated services through a comprehensive logistics network and has a strong operational efficiency, with a low cost per container of USD 463, down 8.4% year-on-year [10][67][72]. Financial Forecast and Investment Recommendations - The company is projected to achieve revenues of USD 3.285 billion, USD 3.353 billion, and USD 3.406 billion from 2025 to 2027, with year-on-year growth rates of 7.4%, 2.1%, and 1.6%, respectively. The net profit attributable to shareholders is expected to be USD 1.122 billion, USD 1.072 billion, and USD 1.011 billion during the same period [15][50]. Given its competitive advantages and stable shareholder returns, the report maintains an "Accumulate" rating [3][15].

格隆汇8月5日丨海丰国际(01308.HK)宣布，谨定于2025年8月15日（星期五）举行董事会会议，以考虑 及通过公司及其附属公司截至2025年6月30日止的六个月中期业绩，及派发中期股息（如有），以及处 理其他事项。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 SITC International Holdings Company Limited 1308 董事會召開日期 海豐國際控股有限公司（「本公司」）董事會（「董事會」）茲通告謹定於二零二五年 八月十五日（星期五）舉行董事會會議，以考慮及通過本公司及其附屬公司截至 二零二五年六月三十日止的六個月中期業績，及派發中期股息（如有），以及處 理其他事項。 承董事會命 海豐國際控股有限公司 主席 楊現祥 中華人民共和國，二零二五年八月五日 於本公告日期，本公司之執行董事為楊現祥先生、薛明元先生、劉克誠先生及賴智勇先生；非執行 董事為楊馨女士；獨立非執行董事為謝少毅先生、廖家瑩博士及胡曼恬博士。 ...

公司名稱: 海豐國際控股有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01308 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 本月底法定/註冊股本總額： HKD 500,000,000 致：香港交易及結算 ...

Core Viewpoint - The company has entered into a shipbuilding contract for the construction of four container vessels, indicating a strategic expansion in its fleet capacity [1] Group 1: Contract Details - The contract was signed on August 2, 2025, between the company's wholly-owned subsidiary and the shipbuilder [1] - Each vessel will cost up to $38,180,000, equivalent to approximately HKD 299,713,000 [1] - The total cost for all four vessels could reach up to $152,720,000, which is about HKD 1,198,852,000 [1]