Morgan Stanley analyst Qianlei Fan maintained a Hold rating on SITC International Holdings Co., Ltd. today and set a price target of HK$26.40.
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Qianlei Fan has given his Hold rating due to a combination of factors impacting SITC International Holdings Co., Ltd. The company’s revenue experienced a slight decline year-over-year, decreasing by 1.7% to US$794 million in the third quarter of 2025. This decline was accompanied by a decrease in the average freight rate, which dropped 12% year-over-year to US$712 per TEU during the intra-Asia low season.
Despite these challenges, SITC demonstrated robust volume growth, with container volumes reaching 920,000 TEUs in the same period. However, the analyst also noted potential risks and uncertainties, such as global trade frictions that could reduce trade demand and geopolitical dynamics that might impact supply chains. These mixed signals, with both upside and downside risks, contributed to the decision to maintain a Hold rating on the stock.