China International Marine Containers (02039) is currently up more than 4%, as of press time, it has risen 5.29%, to HK$7.36, with a turnover of HK$16.2876 million.
According to the Wisdom Wealth App, China International Marine Containers (02039) is currently up over 4%, as of press time, it has risen 5.29%, to HK$7.36, with a turnover of HK$16.2876 million.
Sinolink points out that demand for containers is positively correlated with global commodity trade, and the recovery of commodity trade is expected to drive an increase in container demand. At the same time, after the Red Sea route is diverted, the route is lengthened and the voyage is increased, which makes it difficult for some containers to return in time, and port terminals may face a shortage of containers. To ensure transportation efficiency, if shipowners increase their shipping capacity or reduce their port calls, it will cause congestion in some ports, further reducing container turnover efficiency and stimulating short-term demand.
The bank pointed out that China International Marine Containers is a leader in the global container industry. The announcement shows that in 2023, the output of standard dry containers, refrigerated containers, and special containers all maintain the world's first place. In the first quarter of 2024, the company's container manufacturing business sales volume has recovered significantly year-on-year, with a sales volume of 490,000 TEU of dry containers, up 499% year-on-year. In the future, with the recovery of global commodity trade and the short-term catalysis of geopolitics, the company's container sales volume is expected to continue to rebound, and the container performance is expected to continue to recover.