＜Research＞UBS Initiates SITC (01308.HK) with Rating Neutral, TP $17.8

　　SITC (01308.HK) +0.020 (+0.117%) Short selling $19.88M; Ratio 38.142% , a shipping company focusing in Asia, has a higher ROI than its peers due to a healthy supply/ demand balance in the region, freight rate premium and cost advantage over peers, UBS issued a research report saying.

　　UBS estimated that SITC's capacity expansion will be smaller than that of its peers, and expected its freight rate premium over peers to narrow in 2026-2028.

　　However, it is forecasted that it will be difficult for its peers to overtake SITC's first-mover advantage in the short term. Therefore, UBS initially rated SITC at Neutral, with a target price of $17.8.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-26 16:25.)

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