人民财讯1月22日电，据"中远海运特运"消息，中远海运特运所属远海汽车船中标奇瑞汽车秘鲁公司整 车物流项目，与各方携手共建基于秘鲁钱凯港的"端到端"高效整车供应链体系，为奇瑞OMODA＆ JAECOO汽车拓展拉美市场、深化亚拉经贸合作注入新动能。 ...

今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 环氧丙烷 | 5.78 | 军工信息化 | -3.29 | | 草甘膦 | 3.45 | 卫星导航 | -3.16 | | 丙烯酸 | 2.64 | 太赫兹 | -3.15 | | NMN概念 | 1.95 | 6G概念 | -2.98 | | 培育钻石 | 1.93 | F5G概念 | -2.97 | | 租售同权 | 1.75 | 成飞概念 | -2.87 | | 水泥概念 | 1.59 | 商业航天 | -2.78 | | 啤酒概念 | 1.52 | 海南自贸区 | -2.75 | | 广东自贸区 | 1.44 | 光纤概念 | -2.66 | | 高股息精选 | 1.39 | 共封装光学(CPO) | -2.65 | 资金面上看，今日高股息精选概念板块获主力资金净流入3.88亿元，其中，10股获主力资金净流入，6 股主力资金净流入超3000万元，净流入资金居首的是民生银行，今日主力资金净流入1.15亿元，净流入 资金居前的还有中远海控、东方雨虹、南山铝业 ...

该行对中远海控（601919）(01919)、东方海外国际(00316)和长荣海运(2603.TW)维持"跑输大市"评级， 对日本航运公司维持"中性"评级，因为当前估值仍高于历史低位。需密切关注有关红海航线恢复的负面 消息，以及随着港口拥堵缓解和季节性因素减弱，现货运价进一步下行的风险。 美银证券发布研报称，货柜航运尚未度过最差时期，过剩供应以及红海航线重开的压力很可能导致2026 年陷入EBIT亏损。该行预计2026年上半年将受到大量船舶供应增长的拖累，而下半年则面临红海重开 前景日益增强的压力。该行认为亏损将促使货柜航运公司缩减2026年的股东回报，以在下行周期中保留 现金。 ...

该行对中远海控(01919)、东方海外国际(00316)和长荣海运(2603.TW)维持"跑输大市"评级，对日本航运 公司维持"中性"评级，因为当前估值仍高于历史低位。需密切关注有关红海航线恢复的负面消息，以及 随着港口拥堵缓解和季节性因素减弱，现货运价进一步下行的风险。 智通财经APP获悉，美银证券发布研报称，货柜航运尚未度过最差时期，过剩供应以及红海航线重开的 压力很可能导致2026年陷入EBIT亏损。该行预计2026年上半年将受到大量船舶供应增长的拖累，而下 半年则面临红海重开前景日益增强的压力。该行认为亏损将促使货柜航运公司缩减2026年的股东回报， 以在下行周期中保留现金。 ...

格隆汇1月20日｜美银证券发表研究报告，货柜航运尚未度过最差时期，过剩供应以及红海航线重开的 压力很可能导致2026年陷入EBIT亏损。该行预计2026年上半年将受到大量船舶供应增长的拖累，而下 半年则面临红海重开前景日益增强的压力。该行认为亏损将促使货柜航运公司缩减2026年的股东回报， 以在下行周期中保留现金。该行对中远海控、东方海外和长荣海运维持"跑输大市"评级，对日本航运公 司维持"中性"评级，因为当前估值仍高于历史低位。需密切关注有关红海航线恢复的负面消息，以及随 着港口拥堵缓解和季节性因素减弱，现货运价进一步下行的风险。 ...

Core Viewpoint - The shipping and port sector experienced a rise of 1.07% on January 19, with Xiamen Port leading the gains, while the Shanghai Composite Index closed at 4114.0, up 0.29% [1]. Group 1: Stock Performance - Xiamen Port (000905) closed at 13.60, up 5.59% with a trading volume of 510,700 shares and a transaction value of 690 million [1]. - COSCO Shipping Energy (600026) closed at 14.57, up 3.85% with a trading volume of 506,900 shares and a transaction value of 737 million [1]. - Strait Holdings (002320) closed at 11.08, up 3.84% with a trading volume of 610,700 shares and a transaction value of 673 million [1]. - China Merchants South Oil (601975) closed at 3.33, up 2.78% with a trading volume of 1,418,400 shares and a transaction value of 469 million [1]. - Haitong Development (603162) closed at 12.60, up 2.69% with a trading volume of 139,900 shares and a transaction value of 177 million [1]. Group 2: Capital Flow - The shipping and port sector saw a net inflow of 176 million from institutional investors, while retail investors experienced a net outflow of 1.08 billion [2]. - Major stocks like COSCO Shipping Energy and Strait Holdings attracted significant net inflows of 78.63 million and 58.81 million respectively from institutional investors [3]. - Conversely, retail investors withdrew 38.70 million from COSCO Shipping Energy and 56.58 million from Strait Holdings, indicating a divergence in investor sentiment [3].

花旗发布研报称，将中远海控（01919） H股评级从"沽售"一举上调至"买入"，目标价由12.1港元上调至 15.9港元。尽管市场对集装箱航运业的投资情绪在2025年底仍偏向负面，主要受2025年上半年需求集中 以及苏伊士运河终于通行恢复的影响，但花旗对亚太地区航运公司的风险回报前景持正面态度。 花旗发布研报称，将中远海控（01919） H股评级从"沽售"一举上调至"买入"，目标价由12.1港元上调至 15.9港元。尽管市场对集装箱航运业的投资情绪在2025年底仍偏向负面，主要受2025年上半年需求集中 以及苏伊士运河终于通行恢复的影响，但花旗对亚太地区航运公司的风险回报前景持正面态度。 花旗认为，随着2026年上半年西方经济体受库存补充需求及供应受管理推动，运费有望上涨。该行指 出，亚太航运公司目前估值吸引，仅相当于预测2026年市账率介乎仅0.6至0.8倍，行业整体净现金水平 亦提供支撑。花旗指出，中远海控每股净现金达12元，同时中国境内运输需求疲弱及美国港口费用压力 的影响已逐步减弱。 责任编辑：史丽君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中 ...

Core Viewpoint - Citigroup upgraded the rating of China COSCO Shipping Holdings (01919) from "Sell" to "Buy," raising the target price from HKD 12.1 to HKD 15.9, despite negative investment sentiment in the container shipping industry expected until the end of 2025 [1] Group 1: Company Analysis - Citigroup believes that the risk-reward outlook for shipping companies in the Asia-Pacific region is positive [1] - China COSCO Shipping Holdings has a net cash per share of HKD 12, providing a strong financial foundation [1] - The impact of weak domestic transportation demand in China and pressure from U.S. port fees is gradually diminishing [1] Group 2: Industry Outlook - The container shipping industry is expected to face negative sentiment due to concentrated demand in the first half of 2025 and the restoration of traffic through the Suez Canal [1] - An anticipated increase in freight rates is expected in the first half of 2026, driven by inventory replenishment demand in Western economies and managed supply [1] - The current valuation of Asia-Pacific shipping companies is attractive, with projected price-to-book ratios ranging from 0.6 to 0.8 times [1]

Summary of Conference Call Notes Industry Overview - The conference call discusses the container shipping industry, particularly focusing on the implications of the reopening of the Red Sea and the Suez Canal for major shipping lines like Maersk and CMA CGM [1][2]. Key Points and Arguments 1. **Service Resumption**: Maersk and CMA CGM have announced a return to the trans-Suez route, indicating improved stability in the Red Sea. This marks a significant shift since major shipping lines suspended operations in December 2023 [1]. 2. **Impact on Container Shipping**: The reopening of the Red Sea could lead to a reduction of approximately 10% in TEU-mile shipping demand on shorter routes, which may negatively affect earnings for container shipping companies, particularly COSCO Shipping Holdings [3][6]. 3. **Earnings Forecasts**: Under a scenario where the Red Sea reopens, COSCO Shipping Holdings could see a potential shift from profit to loss, with estimated net profit dropping to Rmb7 billion in 2026 from Rmb17.3 billion in the base case [9]. 4. **Free Cash Flow Analysis**: The free cash flow for COSCO is projected to be close to break-even in 2026, with a potential cash burn of Rmb16 billion annually in a worst-case scenario involving a price war due to increased capacity [6][9]. 5. **Market Reactions**: The Suez Canal traffic rates are expected to gradually improve, reaching normal levels by the second half of 2026, which could influence shipping rates positively [1][2]. Additional Important Insights 1. **Sector Impact**: The container shipping sector, particularly COSCO Shipping Holdings, is expected to face the largest negative impact from the reopening of the Red Sea, while the impact on ports is anticipated to be much lower [2]. 2. **Tanker Demand**: The reopening of the Red Sea is expected to have a limited impact on crude and product tanker demand, reducing it by only 2% [10]. 3. **Earnings Upside for Ports**: COSCO Shipping Port could benefit from a 2% earnings upside if the Red Sea reopens and rerouting stops [10]. 4. **Market Cap vs. Net Cash Position**: There is a significant gap projected between COSCO's net cash position and its current market cap, indicating potential undervaluation or risk [11]. Conclusion - The reopening of the Red Sea and the resumption of services by major shipping lines could significantly alter the landscape of the container shipping industry, with COSCO Shipping Holdings facing substantial risks. Investors should closely monitor these developments as they could lead to major shifts in earnings and cash flow for affected companies [3][6][9].

Core Viewpoint - The Chongqing Municipal Government has signed a strategic cooperation agreement with China COSCO Shipping Group to enhance the construction of the Western Land-Sea New Corridor and develop an inland open comprehensive hub [1] Group 1: Strategic Cooperation - The agreement aims to deepen collaboration between China COSCO Shipping Group and Chongqing in areas such as the Western Land-Sea New Corridor and the cultivation of hub economy [1] - The signing is seen as a new starting point for further practical cooperation, particularly in promoting the "Chongqing vehicles going overseas" initiative [1] Group 2: Additional Agreements - Two additional cooperation agreements were signed on the same day between Liangjiang New Area and COSCO Shipping Logistics Supply Chain Co., Ltd., as well as between Jiangjin District and COSCO Shipping Container Transport Co., Ltd. [1]