According to the Wisdom Financial App, container manufacturers continue their recent upward trend. As of press time, Singamas Cont (00716) has risen by 3.85% to HKD 0.81, while China International Marine Containers (02039) has risen by 91.25% to HKD 8.07.

Guosen Securities pointed out that the container industry has a cycle of about four to five years. Industry output in 2020-2023 is approximately 3.1/7.1/3.8/2.31 million TEU, and it has reached the bottom of the cycle. The industry has shown signs of recovery starting in 2024. China International Marine Containers should be given focus.

Soochow Securities pointed out that the long-term crisis in the Red Sea and other factors have increased the uncertainty and risk of global container transportation, and customers' willingness to reserve containers has significantly increased. Currently, container production and export prices have rebounded year-on-year. On the supply side, steel prices are low, and the profit margins of manufacturers are expected to be restored through economies of scale. The gross margin of container manufacturing is greatly affected by economies of scale and raw material prices, with steel accounting for about 50% of the manufacturing cost. Currently, steel prices are fluctuating at a low level, while container prices are rising, and the profit margins of container manufacturers are expected to be restored.