GO
| HSI1 | 23,654.03 | +141.54 | 212.69B |
| HSCEI1 | 8,576.75 | +56.89 | 84.72B |
| Back Zoom + Zoom - Block Traded | |
|
2025-06-02 11:13:56 Container shipping spot rates have surged due to the US-China deal made in Geneva, with further increases expected in the next 2-4 weeks, according to a research report from BofA Securities. However, the broker considered it as a temporary sharp squeeze mainly limited to the trans-Pacific region rather than a broader upward cycle. In addition to demand pressure, unfavorable headwinds include tariffs, new ship deliveries, and the potential reopening of the Red Sea. BofA Securities continued to rate Evergreen (2603.TT) and OOIL (00316.HK) as Underperform because of their high valuations, while giving Mitsui OSK (9104.JP) a Buy rating, anticipating that rising rates in the trans-Pacific region will support upward space for its dividend per share for the fiscal year ended March 2026. Stock | Investment Rating | Target Price Nippon Yusen (9101.JP) | Neutral | JPY4,700 - > JPY5,200 Mitsui OSK (9104.JP) | Buy | JPY5,400 - > JPY5,800 K-Line (9107.JP) | Neutral | JPY2,100 - > JPY2,200 COSCO SHIP HOLD (01919.HK) | Neutral | HKD10.5 - > HKD14.7 OOIL (00316.HK) | Underperform | HKD90 - > HKD115 Evergreen (2603.TT) | Underperform | TWD195 ~ AAStocks Financial News Web Site: www.aastocks.com | |