SITC(HK:01308) Zhi Tong Cai Jing·2025-08-08 02:52Core 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]