On July 22, SITC International rose 3.16% in regular trading, trading at 37.88 HKD/share with turnover of 93.86 million HKD, reaching a fresh 52-week high.

On the news front, the shipping sector broadly strengthened, with Pacific Basin up 5.75%, TS Lines up 3.06%, and COSCO Shipping Holdings up 1.31%, reflecting sector-wide upward momentum. Meanwhile, the company recently held discussions with Beibu Gulf Port Group on expanding route networks, cargo sourcing, sea-rail intermodal transport, and cross-border freight trains, jointly developing ASEAN shipping routes. The two parties plan to capitalize on the Pinglu Canal commissioning opportunity, deepen cooperation in tapping Southwest China cargo sources, and increase capacity deployment on new and existing routes to build a comprehensive ASEAN-facing network from Beibu Gulf Port.

CICC maintains an Outperform rating on the company with a target price of 40 HKD, citing industrial relocation from China to Southeast Asia as a structural driver of intra-Asian cargo volume growth. The company reported Q1 revenue of approximately USD 772 million, with container volume rising 7.6% year-over-year to 855,800 TEU, sustaining its volume growth trajectory despite a 4.7% decline in average freight rates.

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