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Singamas Container Holdings ( (HK:0716) ) has shared an announcement.
Singamas Container Holdings has entered into a new Master Services Contract 2026 with its controlling shareholder Pacific International Lines and its group, under which Singamas will continue to provide container depot and logistics services from 1 January 2026 to 31 December 2028, replacing the current framework that expires at the end of 2025. The agreement, which sets pricing based on estimated costs plus a 10%–30% markup aligned with market rates and no less favourable than terms offered to independent customers, is classified as a continuing connected transaction under Hong Kong listing rules; because the relevant percentage ratios exceed 0.1% but remain below 5%, it will be subject to announcement, reporting and annual review requirements but exempt from circular and shareholder approval, underscoring the ongoing strategic and operational reliance on PIL while seeking to safeguard minority shareholders’ interests through pricing and governance safeguards.
The most recent analyst rating on (HK:0716) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Singamas Container Holdings stock, see the HK:0716 Stock Forecast page.
More about Singamas Container Holdings
Singamas Container Holdings Limited is a Hong Kong-incorporated company listed on the Stock Exchange of Hong Kong that operates in the container-related services sector. The group focuses on providing container depot and logistics services, including container handling, storage, interchanging, inspection, repair, maintenance, refurbishment, trucking, cleaning and refrigerated machinery attendance, primarily to shipping and logistics customers such as its controlling shareholder Pacific International Lines (PIL) and its group.
Average Trading Volume: 2,668,875
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.67B
Find detailed analytics on 0716 stock on TipRanks’ Stock Analysis page.