[Stock Movement] SINGAMAS CONT once rose over 4% before retreating, expected to increase last year's profit to at least 30 million USD
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SINGAMAS CONT's stock price once rose by 4.2%, reaching a high of HKD 0.75, and is currently priced at HKD 0.73, still up by 1.4%. The company expects that the annual profit attributable to shareholders for the year ending December 2024 will be no less than USD 30 million, a significant increase compared to USD 19.438 million in 2023. The growth is attributed to the prolonged Red Sea crisis, which has extended global shipping times and distances, leading to an increase in demand for dry containers
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