SITC(HK:01308) Jin Rong Jie·2025-08-19 08:03Core Viewpoint - Hai Feng International (01308) has seen its stock price rise over 4%, reaching a historical high of HKD 29.48, driven by strong financial performance in the first half of the year [1] Financial Performance - The company reported revenue of approximately USD 1.6645 billion for the first half of the year, representing a year-on-year increase of 28.0% [1] - Gross profit was approximately USD 669.4 million, up 66.3% year-on-year, with gross margin increasing from 31.0% to 40.2% [1] - Net profit reached USD 633.4 million, marking a 79.5% year-on-year growth, with basic earnings per share at USD 0.24 [1] Market Dynamics - Revenue growth is attributed to a 7.3% increase in container volume and a 22.8% rise in average freight rates [1] - Huatai Securities' report highlights that the significant increase in profits is primarily driven by tariff disruptions and a substantial rise in Southeast Asian container prices [1] - The report maintains a positive outlook on the industry, suggesting that the restructuring of the industry will drive growth in cargo volumes within the Asian region, alongside tightening supply of small and medium-sized container vessels [1] Investment Outlook - Huatai Securities has raised the target price for the company by 11% to HKD 31, maintaining a "Buy" rating [1]