SITC

SITC International opened higher and rallied, closing at HKD 33.66, up 4.93% from the prior close. The intraday high reached HKD 33.92, while the opening price of HKD 32.52 was the session low. HSBC Research reiterated a Buy rating and noted a sequential EBIT margin improvement for the container shipping sector from Q2 to Q3, while UBS raised its target price to HKD 33.8. The company's FY2025 net profit rose 18.9% to USD 1.223 billion, with a final dividend of HKD 1 per share. The stock is about 9% below its 52-week high of HKD 37, but has gained 19.62% year-to-date, trading above its 20-day moving average (HKD 33.056) yet below the 60-day MA (HKD 33.822), suggesting near-term strength but mid-term consolidation. However, both revenue and net profit in the last two quarters saw slight year-on-year declines, indicating potential cyclical headwinds.