On August 21, SITC rose 3.22% in regular trading, trading at HK$47.82, with turnover of HK$25.83 million. The stock continues its upward momentum following the release of better-than-expected interim results on August 19.

SITC reported H1 revenue of approximately US$1.842 billion, up 10.7% year-over-year, with shareholders' profit of US$677 million, a 7.39% increase. Gross profit reached US$733 million, up 9.5%, while gross margin remained stable at 39.8%. The company declared an interim dividend of HK$1.50 per share, representing a 15.4% increase from HK$1.30 in the prior year period, exceeding market expectations. Analysts noted that the outperformance was driven by stronger-than-expected cargo volumes and freight rates. Additionally, JP Morgan recently initiated coverage with an Overweight rating and a target price of HK$47, citing the company's high-density Asian network, industry-leading cash flow, and strong dividend track record.

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