COSCO SHIP HOLD (01919.HK) +0.400 (+3.540%) Short selling $13.14M; Ratio 1.999% issued a positive profit alert. Today (8th), the stock opened 10.8% higher at $13.48. It last stood at $12.72, up 4.51%,with 15.0164 million shares traded, involving $198 million.The Group was expected to record a net profit attributable to the Shareholders for the nine months ended 30 September 2024 of approximately RMB38.121 billion, representing an increase of approximately 72.72% as compared to that restated for the same period in 2023. In the first three quarters of 2024, there had been moderate growth in the cargo volume in major global markets, continuous impact on the effective transportation capacity due to the situation in the Red Sea region and an overall tense supply chain situation.For the third quarter of 2024, the Group was expected to record a net profit attributable to Shareholders of approximately RMB21.251 billion, representing an increase of approximately 285.7% as compared to that for the same period in 2023. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-18 16:25.)