BUZZ-Logistics firm SITC jumps most in 11 months as annual profit nearly doubles

Reuters

Mar 10, 2025

** Shares of shipping logistics group SITC International Holdings 1308.HK jump 8.3% to HK$19.28, on track for their biggest one-day pct gain since April 10, 2024

** Stock reaches the highest since February 11, and set to snap two straight sessions of falls

** Transportation and logistics solutions provider said its 2024 net profit surged 92.9% y/y to $1.03 bln, as container shipping volume and freight rate increased

** Revenue up 25.9% y/y at $3.06 bln and gross profit margin rose to 37.4% from 25.7%

** "Looking ahead to 2025, the industry still faces a lot of uncertainties, but the gradual return to normal conditions from disruptions will lead to overall overcapacity in the future" - co

** The Hang Seng Commerce & Industry Index .HSNC drops 2.4%, the Hang Seng Index .HSI falls 1.8%

** Stock down 7.6% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2518295197"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2518295197\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2518295197?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-10 15:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2518295197","market":"nz","top_or_hot":-1,"title":"BUZZ-Logistics firm SITC jumps most in 11 months as annual profit nearly doubles","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Logistics firm SITC jumps most in 11 months as annual profit nearly doubles</title></head><body><p>** Shares of shipping logistics group SITC International Holdings <span>1308.HK</span> jump 8.3% to HK$19.28, on track for their biggest one-day pct gain since April 10, 2024</p><p>** Stock reaches the highest since February 11, and set to snap two straight sessions of falls</p><p>** Transportation and logistics solutions provider said its <span>2024 net profit</span> surged 92.9% y/y to $1.03 bln, as container shipping volume and freight rate increased</p><p>** Revenue up 25.9% y/y at $3.06 bln and gross profit margin rose to 37.4% from 25.7% </p><p>** \"Looking ahead to 2025, the industry still faces a lot of uncertainties, but the gradual return to normal conditions from disruptions will lead to overall overcapacity in the future\" - co</p><p>** The Hang Seng Commerce &amp; Industry Index <span>.HSNC</span> drops 2.4%, the Hang Seng Index <span>.HSI</span> falls 1.8%</p><p>** Stock down 7.6% YTD </p><p> (Reporting by Donny Kwok)</p><p> ((donny.kwok@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Logistics firm SITC jumps most in 11 months as annual profit nearly doubles</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Logistics firm SITC jumps most in 11 months as annual profit nearly doubles\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-03-10 15:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Logistics firm SITC jumps most in 11 months as annual profit nearly doubles</title></head><body><p>** Shares of shipping logistics group SITC International Holdings <span>1308.HK</span> jump 8.3% to HK$19.28, on track for their biggest one-day pct gain since April 10, 2024</p><p>** Stock reaches the highest since February 11, and set to snap two straight sessions of falls</p><p>** Transportation and logistics solutions provider said its <span>2024 net profit</span> surged 92.9% y/y to $1.03 bln, as container shipping volume and freight rate increased</p><p>** Revenue up 25.9% y/y at $3.06 bln and gross profit margin rose to 37.4% from 25.7% </p><p>** \"Looking ahead to 2025, the industry still faces a lot of uncertainties, but the gradual return to normal conditions from disruptions will lead to overall overcapacity in the future\" - co</p><p>** The Hang Seng Commerce &amp; Industry Index <span>.HSNC</span> drops 2.4%, the Hang Seng Index <span>.HSI</span> falls 1.8%</p><p>** Stock down 7.6% YTD </p><p> (Reporting by Donny Kwok)</p><p> ((donny.kwok@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1103","symbol_name":"海运","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250310:nL1N3PT05I:1","article_id":"2518295197","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518295197","pubTimestamp":1741591025,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Logistics firm SITC jumps most in 11 months as annual profit nearly doubles** Shares of shipping logistics group SITC International Holdings 1308.HK jump 8.3% to HK$19.28, on track for their biggest one-day pct gain since April 10, 2024** Stock reaches the highest since February 11, and set to snap two straight sessions of falls** Transportation and logistics solutions provider said its 2024 net profit surged 92.9% y/y to $1.03 bln, as container shipping volume and freight rate increased** Revenue up 25.9% y/y at $3.06 bln and gross profit margin rose to 37.4% from 25.7% ** \"Looking ahead to 2025, the industry still faces a lot of uncertainties, but the gradual return to normal conditions from disruptions will lead to overall overcapacity in the future\" - co** The Hang Seng Commerce & Industry Index .HSNC drops 2.4%, the Hang Seng Index .HSI falls 1.8%** Stock down 7.6% YTD   ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1103":"海运","IE00BYTNYN87.SGD":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5\" (SGD) ACC","BK1541":"物流","01308":"海丰国际","SG9999011746.SGD":"PINEBRIDGE INTERNATIONAL FUNDS - ACORNS OF ASIA BA (SGD) ACC","IE00B12V2V27.USD":"柏瑞亚洲小盘股A(除日本)","IE00BYQNZ168.SGD":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5CP\" (SGD) ACC"},"translate_title":"嗡嗡声——物流公司海丰国际11个月来涨幅最大，年利润几乎翻倍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01308":0.9},"content_text":"BUZZ-Logistics firm SITC jumps most in 11 months as annual profit nearly doubles** Shares of shipping logistics group SITC International Holdings 1308.HK jump 8.3% to HK$19.28, on track for their biggest one-day pct gain since April 10, 2024** Stock reaches the highest since February 11, and set to snap two straight sessions of falls** Transportation and logistics solutions provider said its 2024 net profit surged 92.9% y/y to $1.03 bln, as container shipping volume and freight rate increased** Revenue up 25.9% y/y at $3.06 bln and gross profit margin rose to 37.4% from 25.7% ** \"Looking ahead to 2025, the industry still faces a lot of uncertainties, but the gradual return to normal conditions from disruptions will lead to overall overcapacity in the future\" - co** The Hang Seng Commerce & Industry Index .HSNC drops 2.4%, the Hang Seng Index .HSI falls 1.8%** Stock down 7.6% YTD  (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}