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BANK OF CHINA (03988.HK) (601988.SH) announced that it has reached cooperation intentions with nearly a hundred listed companies regarding loans for stock repurchases and increases, and has confirmed loan commitments to 32 listed companies covering industries including integrated circuits, transportation, high-end manufacturing,...
Recommend
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Positive
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In 9M24, the shipbuilding output of China amounted to 36.34 million deadweight tons (DWT), up 18.2% YoY, while the volume of new orders was 87.11 million DWT, up 51.9% YoY, according to data released by the Ministry of Industry and Information Technology (MIIT). As at the end of September, the orders on hand was 193 million DWT,...
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Shipping-related stocks declined. COSCO SHIP HOLD (01919.HK) hit another new high since April 2022 in the morning session, and peaked at $15.14 before falling. The stock bottomed at $13.2, and last printed at $13.5, dipping 10.24%, with 66.3047 million shares traded, involving $921 million.COSCO SHIP ENGY (01138.HK) bottomed at ...
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Since May, the global container shipping prices have been bracing for a new round of hikes, as the major shipping companies have repeatedly raised prices, driving the freight rates of main routes such as Asia-Europe and the US West higher, prompting the sector to face container crunch, Shanghai Securities News reported.The repor...
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Although the Baltic Dry Index sank for eight straight days, its decline continued to narrow to 1.2% at 1,308 last night. In addition, Jefferies recently raised its profit forecast for this year on a number of shipping companies in response to the soaring freight rates stirred by the Red Sea crisis. HK-listed shippers hailed buyi...
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