On August 25, SITC fell 3.08% in regular trading, trading at HK$47.24, with turnover of HK$297 million, extending the pullback from the previous session.

The decline represents a continuation of profit-taking pressure following the stock's surge to an all-time high of HK$50 on August 21, driven by better-than-expected interim results released on August 19. The company reported H1 revenue of US$1.84 billion, up 10.7% year-over-year, and profit attributable to shareholders of US$677 million, up 7.39%. The stock has now retreated well below the HK$50 peak, which had exceeded both JPMorgan's target price of HK$47 and CICC's target of HK$48.7. Short selling on August 21 reached 1.652 million shares, accounting for 19.63% of daily turnover, signaling intensified bearish positioning at elevated levels.

Sector-wide weakness compounded the selling pressure, with COSCO SHIP HOLD down 2.56%, OOIL down 4.3%, and LC Logistics down 4.18%, while TS Lines bucked the trend with a 5.43% gain.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)