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JPM Raises TPs for SITC (01308.HK), TS LINES (02510.HK); Ups 2027 Earnings Forecasts, Rates Overweight
2026-09-03 12:51:34
JPM released a report stating that SITC (01308.HK) and TS LINES (02510.HK) remain its top picks in the broader shipping sector. Management expressed optimism on the Asian market during recent briefings and emphasized disciplined network and fleet management. The two companies are also more willing than many container shipping operators to return surplus cash to shareholders through more aggressive dividend payout policies.

The broker maintained Overweight ratings on both stocks, raising the TP for SITC from HKD47 to HKD52 and the TP for TS LINES from HKD13.5 to HKD18. Meanwhile, it lifted its 2027 earnings forecasts for TS LINES and SITC by approximately 15% and 6%, respectively. (ad/da)~

AASTOCKS Financial News
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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.