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Investing.com - UBS has downgraded SITC International Holdings Co Ltd (HK:1308) from Buy to Neutral while lowering its price target to HK$26.50 from HK$28.00.
The downgrade comes after SITC’s share price rose 35% year-to-date, recently hitting a new high following preliminary first-half 2025 results from industry peers Jinjiang Shipping and T.S. Lines.
UBS analyst Robin Xu noted that strong intra-Asia freight rates and healthy container shipping volume growth have driven SITC’s stock performance this year.
Despite the positive industry trends, UBS forecasts a year-over-year decline in SITC’s profit for the second half of 2025, primarily due to comparisons against a high base from the previous year.
The investment bank believes the market has now fully priced in SITC’s returns premium compared to its peers, prompting the rating change to Neutral.
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