SITC(HK:01308) Ge Long Hui·2025-08-08 02:37Core 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]