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<Research>BofAS Raises SITC's TP to HKD37, Lifts EPS Forecasts
Recommend 2 Positive 1 Negative 4 |
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According to a report from BofA Securities, SITC (01308.HK) showed no real surprises in its 2H25 results, with net profit reaching USD593 million, slightly above the broker's expectations and at the upper limit of its previous positive profit alert. Considering the short-term port congestion and delayed reopening of the Red Sea, which supports higher freight rates in Asia to persist longer this year, BofA Securities has raised its 2026-28 EPS forecast for SITC by 10% on average. BofA Securities has elevated its target price for SITC from HKD27 to HKD37 and kept the Neutral rating unchanged. AAStocks Financial News |
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