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T.S. Lines Limited (HK:2510)
:2510
Hong Kong Market

T.S. Lines Limited (2510) AI Stock Analysis

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HK:2510

T.S. Lines Limited

(2510)

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Outperform 73 (OpenAI - 5.2)
Rating:73Outperform
Price Target:
HK$10.50
▲(30.11% Upside)
Action:UpgradedDate:01/30/26
The score is driven primarily by solid financial performance (strong profitability recovery and a low-leverage balance sheet) and very attractive valuation (low P/E and high dividend yield). Technicals are supportive with price above major moving averages and positive MACD, though RSI near 71 indicates momentum may be somewhat stretched.
Positive Factors
Revenue Growth
Significant revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial prospects.
Negative Factors
Negative Free Cash Flow
Negative free cash flow suggests cash management issues, potentially impacting the company's ability to invest in growth and manage debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Significant revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial prospects.
Read all positive factors

T.S. Lines Limited (2510) vs. iShares MSCI Hong Kong ETF (EWH)

T.S. Lines Limited Business Overview & Revenue Model

Company Description
T.S. Lines Ltd. engages in the provision of container shipping and related services. It operates a shipping network independently and through arrangements with other carriers including joint services, slot exchange, and slot chartering. The compan...
How the Company Makes Money
T.S. Lines Limited generates revenue primarily through the transportation of goods in containers across international shipping routes. The company's revenue model is based on freight charges, which are fees paid by customers for shipping their car...

T.S. Lines Limited Financial Statement Overview

Summary
Strong rebound in profitability and revenue (2024 revenue up 53.29% YoY; net profit margin improved to 27.29%), supported by a very strong balance sheet (85.05% equity ratio, low 0.08 debt-to-equity, 18.53% ROE). Offsetting this, free cash flow turned negative in 2024 and total assets declined from 2022–2024, indicating cash/asset utilization risks.
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue5.00B1.34B874.60M2.44B1.84B6.29B
Gross Profit989.99M315.03M-33.79M1.09B931.47M1.47B
EBITDA2.05B545.61M225.60M1.33B1.21B1.73B
Net Income1.47B365.91M20.71M1.07B1.08B1.43B
Balance Sheet
Total Assets19.73B2.32B2.16B2.77B2.25B5.32B
Cash, Cash Equivalents and Short-Term Investments4.60B422.13M716.34M1.32B868.09M1.36B
Total Debt176.59M477.07M878.36M1.64B541.95M1.07B
Total Liabilities4.18B346.49M388.18M622.39M799.14M2.38B
Stockholders Equity15.54B1.97B1.77B2.15B1.45B2.95B
Cash Flow
Free Cash Flow1.50B-62.79M-267.51M1.14B691.45M802.02M
Operating Cash Flow2.06B480.66M129.00M1.37B1.17B1.51B
Investing Cash Flow-475.48M-517.25M-169.99M-175.88M-471.28M-706.14M
Financing Cash Flow-316.79M-256.93M-562.87M-744.77M-1.20M-107.34M

T.S. Lines Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price8.07
Price Trends
50DMA
9.03
Negative
100DMA
8.69
Negative
200DMA
8.78
Negative
Market Momentum
MACD
-0.33
Positive
RSI
35.53
Neutral
STOCH
11.82
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2510, the sentiment is Negative. The current price of 8.07 is below the 20-day moving average (MA) of 8.79, below the 50-day MA of 9.03, and below the 200-day MA of 8.78, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 35.53 is Neutral, neither overbought nor oversold. The STOCH value of 11.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2510.

T.S. Lines Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
82
Outperform
HK$258.33B6.3913.13%12.48%30.56%108.49%
82
Outperform
HK$93.20B7.7648.55%9.80%37.68%127.44%
74
Outperform
HK$141.64B5.599.13%4.76%4.90%6.33%
73
Outperform
HK$13.39B5.3818.24%10.40%
71
Outperform
HK$91.46B7.0211.33%12.81%28.91%150.66%
63
Neutral
HK$14.88B26.232.51%2.88%-4.94%22.86%
55
Neutral
$13.29B17.4210.03%0.93%7.13%-12.93%
* Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2510
T.S. Lines Limited
8.04
3.76
87.85%
HK:1919
COSCO SHIPPING Holdings Co
15.14
6.15
68.39%
HK:1138
COSCO SHIPPING Energy Transportation Co
19.41
14.28
278.66%
HK:0316
Orient Overseas (International)
138.50
51.69
59.53%
HK:2343
Pacific Basin Shipping
2.94
1.48
102.06%
HK:1308
SITC International Holdings Co., Ltd.
34.52
19.37
127.91%

T.S. Lines Limited Corporate Events

T.S. Lines Sells Container Vessel TS SHENZHEN to Connected Party, Books Disposal Gain and Agrees Short-Term Charter
Jan 22, 2026
T.S. Lines Limited has agreed to sell its container vessel TS SHENZHEN, owned by a wholly owned subsidiary and registered in the Marshall Islands, to a company controlled by its controlling shareholders’ family for US$23 million, representin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 30, 2026