On August 18, SITC rose 3.3% in regular trading, trading at HKD 43.82/share, with turnover of HKD 24.53 million, extending gains from the previous session.

The rally was driven by escalating Red Sea geopolitical tensions combined with global shipping giant Maersk raising its full-year guidance after a strong second quarter. Maersk lifted its EBIT guidance to USD 4.5-6.5 billion and projected global container shipping volume growth of approximately 4% for the year. Additionally, JPMorgan initiated coverage on SITC with an Overweight rating and a target price of HKD 47, citing the company's high-density network across Asia, diversified customer base spanning Greater China, Japan, Korea, and Southeast Asia, as well as industry-leading operating cash flow, net cash position, and high dividend payout ratio.

Within the Marine sector, peers also posted gains, with OOIL up 4.09%, TS Lines up 3.45%, and COSCO SHIP HOLD up 1.58%, reflecting broad-based strength in container shipping stocks.

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