Zhitong Financial APP learned thatCOSCO Shipping Holdings (01919)At midday, it was significantly higher, up more than 6%, and the share price was completely out of the short adjustment period after the earnings forecast was released. As of press time, COSCO Shipping Holdings (01919) rose 6.54% to HK $12.06, with a turnover of HK $682 million.

In the week of October 22nd, China's export container freight index (CCFI) continued to rise from the previous month, with a reading of 3315.27. This shows that export shipping prices remain high and firm. The analysis points out that in the short term, measures such as energy "double control" and power supply and power restriction have limited impact on freight volume. The port congestion, repeated epidemics, the strong demand for delayed delivery due to high freight rates and the increase in long-term prices will support COSCO Shipping Holdings's profits in 2022 (01919).

On October 9th, COSCO Shipping Holdings issued a three-quarter results forecast announcement. In the first three quarters, the company achieved a net profit of 67.588 billion yuan, an increase of 1651% over the same period last year, of which the net profit in the third quarter was about 30.49 billion yuan.