Morgan Stanley issued a research report, assigning a target price of HK$26.4 to SITC (01308) with a "Market Perform" rating. SITC released preliminary results, estimating its net profit for last year to be between $1.2 billion and $1.23 billion (market consensus was $1.19 billion), representing a year-on-year increase of 16% to 18.9%. The performance is considered to be slightly above market consensus, although the market's reaction to last year's earnings is expected to be limited.

Morgan Stanley also believes that, amid supply chain shifts and geopolitical dynamics, the resilience of intra-Asia demand presents an upside risk, while the ongoing downturn in the global container shipping industry constitutes a downside risk. Should China-Japan trade deteriorate significantly, SITC's relatively high exposure to the Japan route could pose a risk.