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<Research>HSBC Research Lowers TPs for Shippers; OOIL, COSCO SHIP HOLD Downgraded to Reduce
According to a report from HSBC Global Research, the shipping stocks under its coverage have snowballed by an average of 12% YTD. The trans-Pacific shipping sector experienced earl...
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<Research>HSBC Research Lowers TPs for Shippers; OOIL, COSCO SHIP HOLD Downgraded to Reduce
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According to a report from HSBC Global Research, the shipping stocks under its coverage have snowballed by an average of 12% YTD. The trans-Pacific shipping sector experienced early shipments due to tariff concerns, supporting 1Q25 earnings.

Although suspended reciprocal tariffs resulted in a 73% surge in the Shanghai Containerized Freight Index (SFCI) in 2Q, the index has since fallen 17% from its peak because of weakening bookings. The broker estimated tariff uncertainty to pressure shipping demand in 2H, with market focus returning to overcapacity and earnings downside.

Related NewsCiti Downgrades COSCO SHIP HOLD (01919.HK) to Sell, Cuts TP to $12.1
HSBC Global Research downgraded the rating for SITC (01308.HK)  +0.050 (+0.200%)    Short selling $2.03M; Ratio 6.743%   from Buy to Hold, with a target price lowered from HKD26 to HKD25.

The broker also downgraded the ratings for OOIL (00316.HK)  +0.600 (+0.450%)    Short selling $10.45M; Ratio 24.765%   and COSCO SHIP HOLD (01919.HK)  +0.020 (+0.149%)    Short selling $20.48M; Ratio 15.185%   from Hold to Reduce, with target prices reduced from HKD120 and HKD14 to HKD100 and HKD11, respectively.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-26 12:25.)

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