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SITC International Holdings Co., Ltd. ( (HK:1308) ) has provided an announcement.
SITC International Holdings has exercised options to build two additional container vessels under its seventh and eighth shipbuilding contracts, bringing the total to four vessels ordered under a series of shipbuilding agreements signed on 2 August 2025. Each vessel carries a maximum price of US$38.18 million, with the new pair costing up to US$76.36 million in aggregate and scheduled for delivery by early 2029, following the earlier two vessels due by late 2028. The company states that pricing was reached through arm’s length negotiations and benchmarked against market rates for similar newbuilds, and the transaction qualifies as a discloseable transaction under Hong Kong listing rules, underscoring SITC’s ongoing fleet expansion and potential enhancement of its capacity and competitiveness in regional container shipping.
The most recent analyst rating on (HK:1308) stock is a Buy with a HK$32.00 price target. To see the full list of analyst forecasts on SITC International Holdings Co., Ltd. stock, see the HK:1308 Stock Forecast page.
More about SITC International Holdings Co., Ltd.
SITC International Holdings Company Limited is an Asian-focused container shipping and logistics group, operating through subsidiaries such as SITC Shipowning to own and manage its fleet of container vessels serving regional trade routes.
Average Trading Volume: 4,882,718
Technical Sentiment Signal: Buy
Current Market Cap: HK$79.27B
See more insights into 1308 stock on TipRanks’ Stock Analysis page.